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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
 [1]
Assets    
Cash and due from banks $ 19,182 $ 13,115
Interest-bearing deposits in banks 95,459 114,182
Federal funds sold 80,589 0
Securities available for sale, at fair value 266,600 140,225
Securities held to maturity, at amortized cost (fair value, 2021, $10,262; 2020, $14,743) 10,046 14,234
Restricted securities, at cost 1,813 1,875
Loans held for sale 0 245
Loans, net of allowance for loan losses, 2021, $5,434; 2020, $7,485 816,977 622,429
Other real estate owned 1,848 0
Premises and equipment, net 22,401 19,319
Accrued interest receivable 3,823 2,717
Bank owned life insurance 24,141 17,916
Core deposit intangibles, net 159 19
Goodwill 4,011 0
Other assets 8,740 4,656
Total assets 1,355,789 950,932
Liabilities    
Noninterest-bearing demand deposits 411,527 263,229
Savings and interest-bearing demand deposits 652,624 479,035
Time deposits 148,419 100,197
Total deposits 1,212,570 842,461
Subordinated debt 9,993 9,991
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 7,041 4,285
Total liabilities 1,238,883 866,016
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, 2021, 6,226,418 shares; 2020, 4,860,399 shares 7,783 6,075
Surplus 31,889 6,151
Retained earnings 75,554 69,292
Accumulated other comprehensive income, net 1,680 3,398
Total shareholders’ equity 116,906 84,916
Total liabilities and shareholders’ equity $ 1,355,789 $ 950,932
[1] Derived from audited consolidated financial statements.