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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 17,765 $ 14,536
Interest-bearing deposits with other institutions 13,692 49,304
Federal funds sold 680 228
Total cash and cash equivalents 32,137 64,068
Securities available for sale, at fair value 179,363 192,321
Restricted investments 1,799 1,049
Loans held for sale 399 876
Loans 1,120,840 985,720
Allowance for loan losses (9,847) (8,787)
Net Loans 1,110,993 976,933
Bank premises and equipment, net 18,155 18,249
Bank owned life insurance 23,593 23,236
Other assets 36,074 26,306
Total assets 1,402,513 1,303,038
Deposits:    
Noninterest bearing demand deposits 477,540 470,355
Savings and interest bearing demand deposits 638,951 583,296
Time deposits 115,022 123,584
Total deposits 1,231,513 1,177,235
Federal funds purchased 28,575  
Subordinated debt, net of unamortized issuance costs 29,343  
Other liabilities 13,592 15,523
Total liabilities 1,303,023 1,192,758
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 2022, 3,481,188 including 43,508 shares of unvested restricted stock; issued and outstanding 2021, 3,454,128 including 31,738 shares of unvested restricted stock 8,594 8,556
Surplus 12,594 12,115
Retained earnings 95,058 89,764
Accumulated other comprehensive (loss) (16,756) (155)
Total shareholders’ equity 99,490 110,280
Total liabilities and shareholders’ equity $ 1,402,513 $ 1,303,038