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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS    
Cash and due from banks $ 23,072 $ 34,190
Federal funds sold 7,932 2,554
Cash and cash equivalents 31,004 36,744
Securities available-for-sale (amortized cost of $133,343 and $120,215 as of March 31, 2021 and December 31, 2020) 134,165 123,562
Securities held-to-maturity (fair value of $6,772 and $6,857 as of March 31, 2021 and December 31, 2020) 6,476 6,510
Equity investments 1,013 1,031
Mortgage loans held for sale (amortized cost of $169,925 and $225,007 as of March 31, 2021 and December 31, 2020), at fair value 170,248 229,199
Loans, net of fees and costs (includes $13,590 and $12,182 of loans at fair value, amortized cost of $13,007 and $11,514 as of March 31, 2021 and December 31, 2020) 1,354,551 1,284,764
Allowance for loan and lease losses (18,376) (17,767)
Loans, net of the allowance for loan and lease losses 1,336,175 1,266,997
Restricted investment in bank stock 5,114 7,861
Bank premises and equipment, net 8,080 7,777
Bank owned life insurance 12,204 12,138
Accrued interest receivable 5,567 5,482
Deferred income taxes 2,531 62
Servicing assets 8,278 5,617
Goodwill 899 899
Intangible assets 3,533 3,601
Other assets 18,690 12,717
Total assets 1,743,977 1,720,197
Deposits:    
Non-interest bearing 257,730 203,843
Interest bearing 1,125,860 1,037,492
Total deposits 1,383,590 1,241,335
Short-term borrowings 26,376 106,862
Long-term debt 122,884 165,546
Subordinated debentures 40,701 40,671
Accrued interest payable 743 1,154
Other liabilities 26,178 23,007
Total liabilities 1,600,472 1,578,575
Stockholders' equity:    
Common stock, $1 par value. Authorized 10,000,000 shares; issued 6,487,695 and 6,455,566 as of March 31, 2021 and December 31, 2020 6,488 6,456
Surplus 81,727 81,196
Treasury stock - 320,000 shares at March 31, 2021 and December 31, 2020 (5,828) (5,828)
Unearned common stock held by employee stock ownership plan (1,768) (1,768)
Retained earnings 62,249 59,010
Accumulated other comprehensive income 637 2,556
Total stockholders' equity 143,505 141,622
Total liabilities and stockholders' equity $ 1,743,977 $ 1,720,197