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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 8,279 $ 7,653
Interest-bearing demand deposits 21,801 75,346
Cash and cash equivalents 30,080 82,999
Available-for-sale securities 217,624 146,313
Loans, net of allowance for loan losses of $2,052 and $3,673 at December 31, 2022 and 2021, respectively 458,823 450,699
Premises and equipment 12,144 12,757
Federal Home Loan Bank stock 2,499 3,704
Foreclosed assets held for sale, net 3,519 415
Core deposit intangible assets 410 560
Goodwill 682 682
Accrued interest receivable 3,403 2,345
Deferred federal income tax 2,423 0
Bank-owned life insurance 19,000 18,809
Other assets 6,793 5,173
Total Assets 757,400 724,456
Deposits    
Demand 402,341 408,296
Savings 145,836 140,598
Time 101,736 56,242
Total deposits 649,913 605,136
Securities sold under repurchase agreements 18,106 15,701
Subordinated debentures 23,726 23,665
Deferred federal income tax   1,681
Interest payable and other liabilities 5,918 6,572
Total liabilities 697,663 652,755
Stockholders' Equity    
Preferred stock, no par value, authorized 2,000,000 shares; no shares issued
Common stock, $1 par value; authorized 10,000,000 shares; issued 2022 -6,043,851 shares, 2021 - 6,053,851 shares; outstanding 2022 - 5,742,130, 2021 - 5,791,583 6,044 6,054
Additional paid-in capital 24,814 23,635
Retained earnings 41,945 37,847
Stock held by deferred compensation plan; 2022 - 174,237 shares, 2021 - 172,538 shares (1,902) (1,738)
Unearned ESOP compensation
Accumulated other comprehensive (Loss) income (9,336) 6,964
Treasury stock, at cost 2022 - 129,363 shares, 2021 - 84,363 shares (1,828) (1,061)
Total stockholders' equity 59,737 71,701
Total liabilities and stockholders' equity $ 757,400 $ 724,456