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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 29,337 $ 31,683
Federal funds sold 153,816 69,203
Total cash and cash equivalents 183,153 100,886
Securities held-to-maturity, at amortized cost (fair value of $4,006 in 2021 and $4,192 in 2020) 3,655 3,671
Securities available-for-sale, at fair value 161,267 90,185
Restricted stock, at cost 1,324 1,551
Loans, net of allowance for loan losses of $6,915 in 2021 and $7,156 in 2020 576,469 601,934
Loans held for sale 1,628 7,102
Premises and equipment, net 18,351 16,982
Interest receivable 2,064 2,350
Cash value - bank owned life insurance 18,785 16,355
Other real estate owned 761 1,105
Customer relationship intangibles 8,406  
Goodwill 3,001  
Other assets 8,770 9,265
Total assets 987,634 851,386
Deposits    
Noninterest bearing demand 162,286 143,345
NOW, money market and savings 582,000 463,506
Time deposits 142,770 158,116
Total deposits 887,056 764,967
Capital notes 10,031 10,027
Other borrowings 10,985  
Interest payable 46 85
Other liabilities 10,087 9,575
Total liabilities 918,205 784,654
Commitments and Contingencies
Stockholders’ equity    
Preferred stock; authorized 1,000,000 shares; none issued and outstanding
Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,740,657 and 4,339,436 as of December 31, 2021 and 2020 10,145 9,286
Additional paid-in-capital 37,230 30,989
Retained earnings 23,440 24,665
Accumulated other comprehensive (loss) income (1,386) 1,792
Total stockholders’ equity 69,429 66,732
Total liabilities and stockholders’ equity $ 987,634 $ 851,386