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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 14,154 $ 16,629
Interest-bearing deposits with other institutions 49,085 49,902
Federal funds sold 78,799 363
Total cash and cash equivalents 142,038 66,894
Securities available for sale,at fair value, amortized cost of $163,806 and $175,059, respectively 133,976 149,156
Restricted investments, at cost 8,583 9,233
Loans held for sale 3,564 153
Loans 1,440,985 1,323,783
Allowance for credit losses (14,573) (11,218)
Net Loans 1,426,412 1,312,565
Bank premises and equipment, net 18,421 18,064
Other real estate owned, net of allowance 0 108
Bank owned life insurance 24,404 23,862
Other assets 44,072 36,682
Total assets 1,801,470 1,616,717
Deposits:    
Noninterest bearing demand deposits 430,910 478,750
Savings and interest bearing demand deposits 656,111 627,431
Time deposits 411,359 157,894
Total deposits 1,498,380 1,264,075
Federal funds purchased 0 32,980
Federal Home Loan Bank advances, short-term 0 175,000
Federal Home Loan Bank advances, long-term 145,000 0
Subordinated debt, net of unamortized issuance costs 29,428 29,377
Other liabilities 27,479 13,556
Total liabilities 1,700,287 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, 3,520,894 including 57,014 shares of unvested restricted stock; issued and outstanding 2022, 3,490,171 including 38,780 shares of unvested restricted stock 8,660 8,629
Surplus 13,970 13,268
Retained earnings 102,106 100,278
Accumulated other comprehensive (loss) (23,553) (20,446)
Total shareholders’ equity 101,183 101,729
Total liabilities and shareholders’ equity $ 1,801,470 $ 1,616,717