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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS    
Cash and due from banks $ 34,190 $ 19,106
Federal funds sold 2,554 20,265
Cash and cash equivalents 36,744 39,371
Securities available-for-sale (amortized cost of $120,515 and $58,874 as of December 31, 2020 and December 31, 2019) 123,562 58,856
Securities held-to-maturity (fair value of $6,857 and $9,003 as of December 31, 2020 and December 31, 2019) 6,510 8,780
Equity investments 1,031 1,009
Mortgage loans held for sale (amortized cost of $225,007 and $33,363 as of December 31, 2020 and December 31, 2019), at fair value 229,199 33,704
Loans, net of fees and costs (includes $12,182 and $10,546 of loans at fair value, amortized cost of $11,514 and $10,186 as of December 31, 2020 and December 31, 2019) 1,284,764 964,710
Allowance for loan and lease losses (17,767) (9,513)
Loans, net of the allowance for loan and lease losses 1,266,997 955,197
Restricted investment in bank stock 7,861 8,072
Bank premises and equipment, net 7,777 8,636
Bank owned life insurance 12,138 11,859
Accrued interest receivable 5,482 3,148
Other real estate owned 0 120
Deferred income taxes 62 2,115
Goodwill 899 899
Intangible assets 3,601 3,874
Other assets 18,334 14,379
Total assets 1,720,197 1,150,019
Deposits:    
Non-interest bearing 203,843 139,450
Interest bearing 1,037,492 711,718
Total deposits 1,241,335 851,168
Short-term borrowings 106,862 123,676
Long-term debt 165,546 3,123
Subordinated debentures 40,671 40,962
Accrued interest payable 1,154 1,088
Other liabilities 23,007 9,307
Total liabilities 1,578,575 1,029,324
Stockholders' equity:    
Common stock, $1 par value. Authorized 10,000,000 shares; issued 6,455,566 and 6,407,685 as of December 31, 2020 and December 31, 2019 6,456 6,408
Surplus 81,196 80,196
Treasury stock - 320,000 and 3,375 shares at December 31, 2020 and December 31, 2019, respectively (5,828) (3)
Unearned common stock held by employee stock ownership plan (1,768)  
Retained earnings 59,010 34,097
Accumulated other comprehensive income (loss) 2,556 (3)
Total stockholders' equity 141,622 120,695
Total liabilities and stockholders' equity $ 1,720,197 $ 1,150,019