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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and noninterest-bearing deposits with banks $ 14,111 $ 14,989
Interest-bearing deposits with banks 137,923 123,314
Total cash and cash equivalents 152,034 138,303
Certificates of deposit in financial institutions 2,329 2,500
Securities available for sale 177,000 112,322
Securities held to maturity (estimated fair value: 2021 - $10,450; 2020 - $10,344) 10,294 10,020
Restricted investments in bank stocks 7,265 7,506
Total loans 831,191 848,664
Less: Allowance for loan losses (6,483) (7,160)
Net loans 824,708 841,504
Premises and equipment, net 20,730 21,312
Premises and equipment held for sale, net 438 637
Other real estate owned, net 15 49
Accrued interest receivable 2,695 3,319
Goodwill 7,319 7,319
Other intangible assets, net 64 112
Bank owned life insurance and annuity assets 37,281 35,999
Operating lease right-of-use asset, net 1,195 880
Other assets 6,402 5,150
Total assets 1,249,769 1,186,932
Liabilities    
Noninterest-bearing deposits 353,578 314,777
Interest-bearing deposits 706,330 678,962
Total deposits 1,059,908 993,739
Other borrowed funds 19,614 27,863
Subordinated debentures 8,500 8,500
Operating lease liability 1,195 880
Other liabilities 19,196 19,626
Total liabilities 1,108,413 1,050,608
Commitments and Contingent Liabilities (See Note L)
Shareholders' Equity    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 5,447,185 shares issued) 5,447 5,447
Additional paid-in capital 51,165 51,165
Retained earnings 100,702 92,988
Accumulated other comprehensive income 708 2,436
Treasury stock, at cost (2021 - 693,933 shares, 2020 - 659,739 shares) (16,666) (15,712)
Total shareholders' equity 141,356 136,324
Total liabilities and shareholders' equity $ 1,249,769 $ 1,186,932