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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 7,952 $ 8,279
Interest-bearing demand deposits 62,940 21,801
Cash and cash equivalents 70,892 30,080
Available-for-sale securities, amortized cost of $245,389 net of allowance for credit losses of $0 at September 30, 2023 224,679 217,624
Loans, net of allowance for credit losses of $4,112 and $2,052 at September 30, 2023 and December 31, 2022, respectively 462,730 458,823
Premises and equipment 12,336 12,144
Federal Home Loan Bank stock 3,979 2,499
Foreclosed assets held for sale, net 3,480 3,519
Core deposit other intangible asset 297 410
Goodwill 682 682
Accrued interest receivable 3,724 3,403
Deferred federal income tax 5,094 2,423
Bank-owned life insurance 19,320 19,000
Other assets 7,068 6,793
Total assets 814,281 757,400
Deposits    
Demand 354,300 402,341
Savings 134,423 145,836
Time 139,289 101,736
Total deposits 628,012 649,913
Securities sold under repurchase agreements 28,584 18,106
Subordinated debentures 23,771 23,726
Advances Federal Home Loan Bank 75,000  
Interest payable and other liabilities 6,324 5,918
Total liabilities 761,691 697,663
Stockholders' Equity    
Preferred stock, no par value, authorized 2,000,000 shares; no shares issued 0 0
Common stock, $1 par value; authorized 10,000,000 shares; issued 6,063,851 shares at September 30, 2023, and 6,043,851 shares at December 31, 2022; outstanding - 5,716,495 and 5,740,251 shares at September 30, 2023 and December 31, 2022, respectively 6,064 6,044
Additional paid-in capital 25,481 24,814
Retained earnings 42,629 41,945
Stock held by deferred compensation plan; 167,993 and 174,237 shares at September 30, 2023 and December 31, 2022 (2,003) (1,902)
Accumulated other comprehensive loss (17,020) (9,336)
Treasury stock, at cost 179,363 and 129,363 shares- at September 30, 2023 and December 31, 2022, respectively (2,561) (1,828)
Total stockholders' equity 52,590 59,737
Total liabilities and stockholders' equity $ 814,281 $ 757,400