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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 13,115 $ 9,675
Interest-bearing deposits in banks 114,182 36,110
Securities available for sale, at fair value 140,225 120,983
Securities held to maturity, at amortized cost (fair value, 2020, $14,743; 2019, $17,646) 14,234 17,627
Restricted securities, at cost 1,875 1,806
Loans held for sale 245 167
Loans, net of allowance for loan losses, 2020, $7,485, 2019, $4,934 622,429 569,412
Premises and equipment, net 19,319 19,747
Accrued interest receivable 2,717 2,065
Bank owned life insurance 17,916 17,447
Core deposit intangibles, net 19 170
Other assets 4,656 4,839
Total assets 950,932 800,048
Liabilities    
Noninterest-bearing demand deposits 263,229 189,623
Savings and interest-bearing demand deposits 479,035 399,255
Time deposits 100,197 117,564
Total deposits 842,461 706,442
Subordinated debt 9,991 4,983
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 4,285 2,125
Total liabilities 866,016 722,829
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, par value $1.25 per share; authorized 1,000,000 shares; none issued and outstanding 0 0
Common stock, par value $1.25 per share; authorized 8,000,000 shares; issued and outstanding, 2020, 4,860,399 shares, 2019, 4,969,716 shares 6,075 6,212
Surplus 6,151 7,700
Retained earnings 69,292 62,583
Accumulated other comprehensive income, net 3,398 724
Total shareholders’ equity 84,916 77,219
Total liabilities and shareholders’ equity $ 950,932 $ 800,048