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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 18,725 $ 13,115
Interest-bearing deposits in banks 157,281 114,182
Securities available for sale, at fair value 289,495 140,225
Securities held to maturity, at amortized cost (fair value, 2021, $33,617; 2020, $14,743) 33,441 14,234
Restricted securities, at cost 1,813 1,875
Loans held for sale 0 245
Loans, net of allowance for loan losses, 2021, $5,710, 2020, $7,485 819,408 622,429
Other real estate owned, net of valuation allowance, 2021, $139, 2020, $0 1,848 0
Premises and equipment, net 22,403 19,319
Accrued interest receivable 3,903 2,717
Bank owned life insurance 24,294 17,916
Core deposit intangibles, net 154 19
Goodwill 3,030 0
Other assets 13,642 4,656
Total assets 1,389,437 950,932
Liabilities    
Noninterest-bearing demand deposits 413,188 263,229
Savings and interest-bearing demand deposits 689,998 479,035
Time deposits 145,566 100,197
Total deposits 1,248,752 842,461
Subordinated debt 9,993 9,991
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 4,374 4,285
Total liabilities 1,272,398 866,016
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, 6,228,176 shares, 2020, 4,860,399 shares 7,785 6,075
Surplus 31,966 6,151
Retained earnings 76,990 69,292
Accumulated other comprehensive income, net 298 3,398
Total shareholders’ equity 117,039 84,916
Total liabilities and shareholders’ equity $ 1,389,437 $ 950,932