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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 17,168 $ 20,784
Interest-bearing deposits in banks 32,931 46,130
Securities available for sale, at fair value 148,175 162,907
Securities held to maturity, at amortized cost (net of allowance for credit losses of $131 at September 30, 2023) 149,948 153,158
Restricted securities, at cost 2,077 1,908
Loans, net of allowance for credit losses, 2023, $8,896; 2022, $7,446 943,603 913,077
Other real estate owned, net of valuation allowance 0 184
Premises and equipment, net 21,363 21,876
Accrued interest receivable 4,502 4,543
Bank owned life insurance 24,734 24,531
Goodwill 3,030 3,030
Core deposit intangibles, net 122 136
Other assets 18,567 17,119
Total assets 1,366,220 1,369,383
Liabilities    
Noninterest-bearing demand deposits 403,774 427,344
Savings and interest-bearing demand deposits 646,980 677,139
Time deposits 184,419 136,849
Total deposits 1,235,173 1,241,332
Subordinated debt, net of issuance cost 4,997 4,995
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 4,792 5,417
Total liabilities 1,254,241 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, 6,260,934 shares; 2022, 6,264,912 shares 7,826 7,831
Surplus 32,840 32,716
Retained earnings 95,988 90,284
Accumulated other comprehensive loss, net (24,675) (22,471)
Total shareholders’ equity 111,979 108,360
Total liabilities and shareholders’ equity $ 1,366,220 $ 1,369,383