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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 138,015 $ 140,690
Interest bearing time deposits 2,651 5,823
Available-for-sale securities 248,815 149,406
Loans held for sale 10,335 7,234
Loans, net of unearned income 846,548 872,723
Allowance for loan losses (13,812) (12,574)
Premises and equipment, net 23,874 23,557
Federal Reserve and Federal Home Loan Bank Stock, at cost 5,303 5,303
Foreclosed assets held for sale, net 1,601 23
Interest receivable 2,954 3,799
Goodwill 22,091 22,091
Cash value of life insurance 17,795 17,530
Mortgage servicing rights 11,194 7,759
Other assets 12,361 14,475
Total assets 1,329,725 1,257,839
Liabilities    
Non interest bearing demand 258,857 251,649
Interest bearing demand 189,130 176,785
Savings 246,414 174,864
Money market 258,741 216,164
Time deposits 158,518 229,549
Total deposits 1,111,660 1,049,011
Short-term borrowings 20,771 20,189
Federal Home Loan Bank advances 5,500 8,000
Trust preferred securities 10,310 10,310
Subordinated debt net of issuance costs 19,534
Interest payable 576 616
Other liabilities 17,082 26,790
Total liabilities 1,185,433 1,114,916
Commitments & Contingent Liabilities
Shareholders’ Equity    
Preferred stock, no par value; authorized 200,000 shares; 2021 - 0 shares outstanding, 2020 - 0 shares outstanding
Common stock, no par value; authorized 10,000,000 shares; 2021 - 8,180,712 shares issued, 2020 - 8,180,712 shares issued 54,463 54,463
Additional paid-in capital 14,875 14,845
Retained earnings 97,183 84,578
Accumulated other comprehensive income (loss) (699) 2,210
Treasury stock, at cost; (2021 - 1,206,790 common shares, 2020 - 808,456 common shares) (21,530) (13,173)
Total shareholders’ equity 144,292 142,923
Total liabilities and shareholders’ equity $ 1,329,725 $ 1,257,839