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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 16,094 $ 14,536
Interest-bearing deposits with other institutions 14,688 49,304
Federal funds sold 5,153 228
Total cash and cash equivalents 35,935 64,068
Securities available for sale, at fair value 151,753 192,321
Restricted investments, at cost 4,608 1,049
Loans held for sale 90 876
Loans 1,201,841 985,720
Allowance for loan losses (10,742) (8,787)
Net Loans 1,191,099 976,933
Bank premises and equipment, net 17,972 18,249
Bank owned life insurance 23,731 23,236
Other assets 47,932 26,306
Total assets 1,473,120 1,303,038
Deposits:    
Noninterest bearing demand deposits 491,184 470,355
Savings and interest bearing demand deposits 632,081 583,296
Time deposits 130,849 123,584
Total deposits 1,254,114 1,177,235
Federal Home Loan Bank advances 75,000 0
Subordinated debt, net of unamortized issuance costs 29,360 0
Other liabilities 16,146 15,523
Total liabilities 1,374,620 1,192,758
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, $10 par value; 500,000 shares authorized and unissued 0 0
Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2022, 3,490,171 including 50,108 shares of unvested restricted stock; issued and outstanding 2021, 3,454,128 including 31,738 shares of unvested restricted stock 8,600 8,556
Surplus 13,003 12,115
Retained earnings 98,128 89,764
Accumulated other comprehensive (loss) (21,231) (155)
Total shareholders’ equity 98,500 110,280
Total liabilities and shareholders’ equity $ 1,473,120 $ 1,303,038