XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 22,809 $ 18,725
Interest-bearing deposits in banks 52,976 157,281
Securities available for sale, at fair value 176,403 289,495
Securities held to maturity, at amortized cost (fair value, 2022, $142,920; 2021, $33,617) 154,894 33,441
Restricted securities, at cost 1,908 1,813
Loans, net of allowance for loan losses, 2022, $6,292; 2021, $5,710 900,222 819,408
Other real estate owned, net of valuation allowance 1,578 1,848
Premises and equipment, net 21,693 22,403
Accrued interest receivable 4,247 3,903
Bank owned life insurance 24,375 24,294
Goodwill 3,030 3,030
Core deposit intangibles, net 140 154
Other assets 19,320 13,642
Total assets 1,383,595 1,389,437
Liabilities    
Noninterest-bearing demand deposits 438,306 413,188
Savings and interest-bearing demand deposits 693,970 689,998
Time deposits 133,770 145,566
Total deposits 1,266,046 1,248,752
Subordinated debt, net of issuance cost 4,995 9,993
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 4,198 4,374
Total liabilities 1,284,518 1,272,398
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, 2022, 6,262,381 shares; 2021, 6,228,176 shares 7,828 7,785
Surplus 32,620 31,966
Retained earnings 86,382 76,990
Accumulated other comprehensive (loss) income, net (27,753) 298
Total shareholders’ equity 99,077 117,039
Total liabilities and shareholders’ equity $ 1,383,595 $ 1,389,437