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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 12,644 $ 10,920
Interest-bearing deposits with other institutions 67,054 22,487
Federal funds sold 222 252
Total cash and cash equivalents 79,920 33,659
Securities available for sale, at fair value 164,955 165,003
Restricted investments 1,267 1,197
Loans 836,334 644,760
Allowance for loan losses (7,096) (4,973)
Net Loans 829,238 639,787
Bank premises and equipment, net 18,725 19,297
Other real estate owned, net of allowance 607 183
Other assets 35,440 18,194
Total assets 1,130,152 877,320
Deposits:    
Noninterest bearing demand deposits 407,576 269,171
Savings and interest bearing demand deposits 476,864 364,175
Time deposits 128,658 138,198
Total deposits 1,013,098 771,544
Other liabilities 11,980 9,450
Total liabilities 1,025,078 780,994
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, $10 par value; 500,000 shares authorized and unissued
Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2020, 3,405,035 including 20,928 unvested restricted stock; issued and outstanding 2019, 3,430,103 including 18,488 unvested restricted stock 8,460 8,529
Surplus 10,811 11,406
Retained earnings 82,524 74,909
Accumulated other comprehensive income 3,279 1,482
Total shareholders’ equity 105,074 96,326
Total liabilities and shareholders’ equity $ 1,130,152 $ 877,320