XML 25 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 149,511 $ 140,690
Interest bearing time deposits 2,643 5,823
Available-for-sale securities 263,259 149,406
Loans held for sale 7,472 7,234
Loans, net of unearned income 822,714 872,723
Allowance for loan losses (13,805) (12,574)
Premises and equipment, net 23,212 23,557
Federal Reserve and Federal Home Loan Bank Stock, at cost 5,303 5,303
Foreclosed assets and other assets held for sale, net 2,104 23
Interest receivable 2,920 3,799
Goodwill 23,191 22,091
Cash value of life insurance 17,867 17,530
Mortgage servicing rights 12,034 7,759
Other assets 12,429 14,475
Total assets 1,330,854 1,257,839
Liabilities    
Non interest bearing demand 247,044 251,649
Interest bearing demand 195,464 176,785
Savings 237,571 174,864
Money market 276,462 216,164
Time deposits 156,504 229,549
Total deposits 1,113,045 1,049,011
Repurchase agreements 15,320 20,189
Federal Home Loan Bank advances 5,500 8,000
Trust preferred securities 10,310 10,310
Subordinated debt net of issuance costs 19,546
Interest payable 299 616
Other liabilities 21,905 26,790
Total liabilities 1,185,925 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 14,944 14,845
Retained earnings 99,716 84,578
Accumulated other comprehensive income (loss) (1,845) 2,210
Treasury stock, at cost; (2021 - 1,296,382 common shares, 2020 - 808,456 common shares) (22,349) (13,173)
Total shareholders’ equity 144,929 142,923
Total liabilities and shareholders’ equity $ 1,330,854 $ 1,257,839