XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 17,697 $ 20,784
Interest-bearing deposits in banks 54,379 46,130
Securities available for sale, at fair value 156,745 162,907
Securities held to maturity, at amortized cost (net of allowance for credit losses of $144 at June 30, 2023) 151,677 153,158
Restricted securities, at cost 1,803 1,908
Loans, net of allowance for credit losses, 2023, $8,858; 2022, $7,446 921,336 913,077
Other real estate owned, net of valuation allowance 45 184
Premises and equipment, net 21,556 21,876
Accrued interest receivable 4,248 4,543
Bank owned life insurance 24,559 24,531
Goodwill 3,030 3,030
Core deposit intangibles, net 127 136
Other assets 17,022 17,119
Total assets 1,374,224 1,369,383
Liabilities    
Noninterest-bearing demand deposits 396,137 427,344
Savings and interest-bearing demand deposits 670,005 677,139
Time deposits 176,226 136,849
Total deposits 1,242,368 1,241,332
Subordinated debt, net of issuance cost 4,996 4,995
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 4,721 5,417
Total liabilities 1,261,364 1,261,023
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, 2023, 6,250,613 shares; 2022, 6,264,912 shares 7,813 7,831
Surplus 32,601 32,716
Retained earnings 93,805 90,284
Accumulated other comprehensive loss, net (21,359) (22,471)
Total shareholders’ equity 112,860 108,360
Total liabilities and shareholders’ equity $ 1,374,224 $ 1,369,383