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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 20,784 $ 18,725
Interest-bearing deposits in banks 46,130 157,281
Securities available for sale, at fair value 162,907 289,495
Securities held to maturity, at amortized cost (fair value, 2022, $141,797; 2021, $33,617) 153,158 33,441
Restricted securities, at cost 1,908 1,813
Loans, net of allowance for loan losses, 2022, $7,446, 2021, $5,710 913,077 819,408
Other real estate owned, net of valuation allowance, 2022, $13, 2021, $139 184 1,848
Premises and equipment, net 21,876 22,403
Accrued interest receivable 4,543 3,903
Bank owned life insurance 24,531 24,294
Core deposit intangibles, net 136 154
Goodwill 3,030 3,030
Other assets 17,119 13,642
Total assets 1,369,383 1,389,437
Liabilities    
Noninterest-bearing demand deposits 427,344 413,188
Savings and interest-bearing demand deposits 677,139 689,998
Time deposits 136,849 145,566
Total deposits 1,241,332 1,248,752
Subordinated debt 4,995 9,993
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 5,417 4,374
Total liabilities 1,261,023 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, 6,264,912 shares, 2021, 6,228,176 shares 7,831 7,785
Surplus 32,716 31,966
Retained earnings 90,284 76,990
Accumulated other comprehensive (loss) income, net (22,471) 298
Total shareholders’ equity 108,360 117,039
Total liabilities and shareholders’ equity $ 1,369,383 $ 1,389,437