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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 32,780 $ 29,337
Federal funds sold 64,027 153,816
Total cash and cash equivalents 96,807 183,153
Securities held-to-maturity, at amortized cost (fair value of $3,400 in 2022 and $4,006 in 2021) 3,651 3,655
Securities available-for-sale, at fair value 212,616 161,267
Restricted stock, at cost 1,324 1,324
Loans, net of allowance for loan losses of $6,870 in 2022 and $6,915 in 2021 588,924 576,469
Loans held for sale 6,516 1,628
Premises and equipment, net 18,127 18,351
Interest receivable 2,194 2,064
Cash value - bank owned life insurance 18,898 18,785
Other real estate owned 761 761
Customer relationship intangibles 8,266 8,406
Goodwill 3,001 3,001
Other assets 12,500 8,770
Total assets 973,585 987,634
Deposits    
Noninterest bearing demand 159,386 162,286
NOW, money market and savings 582,039 582,000
Time deposits 140,002 142,770
Total deposits 881,427 887,056
Capital notes 10,034 10,031
Other borrowings 10,856 10,985
Income taxes payable 456  
Interest payable 39 46
Other liabilities 10,194 10,087
Total liabilities 913,006 918,205
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 as of March 31, 2022 and December 31, 2021 10,145 10,145
Additional paid-in-capital 37,230 37,230
Retained earnings 25,247 23,440
Accumulated other comprehensive (loss) (12,043) (1,386)
Total stockholders’ equity 60,579 69,429
Total liabilities and stockholders’ equity $ 973,585 $ 987,634