XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS    
Cash and due from banks $ 45,875 $ 34,190
Federal funds sold 17,246 2,554
Cash and cash equivalents 63,121 36,744
Securities available-for-sale (amortized cost of $145,129 and $120,215 as of September 30, 2021 and December 31, 2020) 146,149 123,562
Securities held-to-maturity (fair value of $6,660 and $6,857 as of September 30, 2021 and December 31, 2020) 6,406 6,510
Equity investments 1,011 1,031
Mortgage loans held for sale (amortized cost of $116,968 and $225,007 as of September 30, 2021 and December 31, 2020), at fair value 117,996 229,199
Loans, net of fees and costs (includes $17,142 and $12,182 of loans at fair value, amortized cost of $16,515 and $11,514 as of September 30, 2021 and December 31, 2020) 1,378,670 1,284,764
Allowance for loan and lease losses (18,976) (17,767)
Loans, net of the allowance for loan and lease losses 1,359,694 1,266,997
Restricted investment in bank stock 4,162 7,861
Bank premises and equipment, net 8,242 7,777
Bank owned life insurance 22,362 12,138
Accrued interest receivable 5,080 5,482
Deferred income taxes 1,457 62
Servicing assets 11,932 5,617
Goodwill 899 899
Intangible assets 3,430 3,601
Other assets 10,504 12,717
Total assets 1,762,445 1,720,197
Deposits:    
Non-interest bearing 265,842 203,843
Interest bearing 1,173,205 1,037,492
Total deposits 1,439,047 1,241,335
Short-term borrowings 22,278 106,862
Long-term debt 78,405 165,546
Subordinated debentures 40,760 40,671
Accrued interest payable 663 1,154
Other liabilities 22,876 23,007
Total liabilities 1,604,029 1,578,575
Stockholders' equity:    
Common stock, $1 par value. Authorized 25,000,000 and 10,000,000 shares as of September 30, 2021 and December 31, 2020; issued 6,506,028 and 6,455,566 as of September 30, 2021 and December 31, 2020 6,506 6,456
Surplus 82,508 81,196
Treasury stock - 398,491 and 320,000 shares at September 30, 2021 and December 31, 2020 (8,025) (5,828)
Unearned common stock held by employee stock ownership plan (1,768) (1,768)
Retained earnings 78,408 59,010
Accumulated other comprehensive income 787 2,556
Total stockholders' equity 158,416 141,622
Total liabilities and stockholders' equity $ 1,762,445 $ 1,720,197