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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and noninterest-bearing deposits with banks $ 14,604 $ 14,111
Interest-bearing deposits with banks 149,120 137,923
Total cash and cash equivalents 163,724 152,034
Certificates of deposit in financial institutions 2,124 2,329
Securities available for sale 189,605 177,000
Securities held to maturity (estimated fair value: 2022 - $9,677; 2021 - $10,450) 10,071 10,294
Restricted investments in bank stocks 7,265 7,265
Total loans 811,646 831,191
Less: Allowance for loan losses (5,268) (6,483)
Net loans 806,378 824,708
Premises and equipment, net 20,560 20,730
Premises and equipment held for sale, net 435 438
Other real estate owned, net 15 15
Accrued interest receivable 2,811 2,695
Goodwill 7,319 7,319
Other intangible assets, net 54 64
Bank owned life insurance and annuity assets 37,555 37,281
Operating lease right-of-use asset, net 1,155 1,195
Other assets 9,105 6,402
Total assets 1,258,176 1,249,769
LIABILITIES    
Noninterest-bearing deposits 345,653 353,578
Interest-bearing deposits 728,765 706,330
Total deposits 1,074,418 1,059,908
Other borrowed funds 18,929 19,614
Subordinated debentures 8,500 8,500
Operating lease liability 1,155 1,195
Other liabilities 18,563 19,196
Total liabilities 1,121,565 1,108,413
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)
SHAREHOLDERS' EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2022 - 5,465,707 shares issued; 2021 - 5,447,185 shares issued) 5,465 5,447
Additional paid-in capital 51,722 51,165
Retained earnings 103,829 100,702
Accumulated other comprehensive income (loss) (7,739) 708
Treasury stock, at cost (693,933 shares) (16,666) (16,666)
Total shareholders' equity 136,611 141,356
Total liabilities and shareholders' equity $ 1,258,176 $ 1,249,769