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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 15,692 $ 16,629
Interest-bearing deposits with other institutions 33,215 49,902
Federal funds sold 29,988 363
Total cash and cash equivalents 78,895 66,894
Securities available for sale 142,936 149,156
Restricted investments, at cost 8,577 9,233
Loans held for sale 3,570 153
Loans 1,470,970 1,323,783
Allowance for credit losses (14,511) (11,218)
Net Loans 1,456,459 1,312,565
Bank premises and equipment, net 18,064 18,064
Other real estate owned, net of allowance 0 108
Bank owned life insurance 24,219 23,862
Other assets 43,996 36,682
Total assets 1,776,716 1,616,717
Deposits:    
Noninterest bearing demand deposits 433,220 478,750
Savings and interest bearing demand deposits 645,834 627,431
Time deposits 378,954 157,894
Total deposits 1,458,008 1,264,075
Federal funds purchased 0 32,980
Federal Home Loan Bank advances, short-term 25,000 175,000
Federal Home Loan Bank advances, long-term 145,000 0
Subordinated debt, net of unamortized issuance costs 29,411 29,377
Other liabilities 15,327 13,556
Total liabilities 1,672,746 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, 3,528,240 including 63,972 shares of unvested restricted stock; issued and outstanding 2022, 3,490,086 including 38,780 shares of unvested restricted stock 8,661 8,629
Surplus 13,881 13,268
Retained earnings 100,844 100,278
Accumulated other comprehensive (loss) (19,416) (20,446)
Total shareholders’ equity 103,970 101,729
Total liabilities and shareholders’ equity $ 1,776,716 $ 1,616,717