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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 16,579 $ 16,629
Interest-bearing deposits with other institutions 100,763 49,902
Federal funds sold 11,373 363
Total cash and cash equivalents 128,715 66,894
Securities available for sale, at fair value 148,890 149,156
Restricted investments, at cost 11,302 9,233
Loans held for sale 0 153
Loans 1,400,700 1,323,783
Allowance for credit losses (13,950) (11,218)
Net Loans 1,386,750 1,312,565
Bank premises and equipment, net 17,827 18,064
Other real estate owned, net of allowance 0 108
Bank owned life insurance 24,041 23,862
Other assets 39,197 36,682
Total assets 1,756,722 1,616,717
Deposits:    
Noninterest bearing demand deposits 464,123 478,750
Savings and interest bearing demand deposits 652,802 627,431
Time deposits 273,026 157,894
Total deposits 1,389,951 1,264,075
Federal funds purchased 0 32,980
Federal Home Loan Bank advances 125,000 175,000
Federal Home Loan Bank advances, long-term 95,000 0
Subordinated debt, net of unamortized issuance costs 29,394 29,377
Other liabilities 12,917 13,556
Total liabilities 1,652,262 1,514,988
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 2023, 3,522,431 including 62,409 shares of unvested restricted stock; issued and outstanding 2022, 3,490,086 including 38,780 shares of unvested restricted stock 8,651 8,629
Surplus 13,435 13,268
Retained earnings 99,845 100,278
Accumulated other comprehensive (loss) (17,471) (20,446)
Total shareholders’ equity 104,460 101,729
Total liabilities and shareholders’ equity $ 1,756,722 $ 1,616,717