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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 34,249 $ 29,337
Federal funds sold 40,605 153,816
Total cash and cash equivalents 74,854 183,153
Securities held-to-maturity, at amortized cost (fair value of $3,361 in 2022 and $4,006 in 2021) 3,647 3,655
Securities available-for-sale, at fair value 201,429 161,267
Restricted stock, at cost 1,387 1,324
Loans, net of allowance for loan losses of $6,616 in 2022 and $6,915 in 2021 607,322 576,469
Loans held for sale 4,460 1,628
Premises and equipment, net 18,152 18,351
Interest receivable 2,315 2,064
Cash value - bank owned life insurance 19,010 18,785
Other real estate owned 761 761
Customer relationship intangibles, net 8,126 8,406
Goodwill 3,819 3,001
Other assets 14,295 8,770
Total assets 959,577 987,634
Deposits    
Noninterest bearing demand 148,292 162,286
NOW, money market and savings 591,615 582,000
Time deposits 135,439 142,770
Total deposits 875,346 887,056
Capital notes, net 10,035 10,031
Other borrowings 10,721 10,985
Income taxes payable 133  
Interest payable 37 46
Other liabilities 9,987 10,087
Total liabilities 906,259 918,205
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 June 30, 2022 and December 31, 2021 10,145 10,145
Additional paid-in-capital 37,230 37,230
Retained earnings 27,207 23,440
Accumulated other comprehensive (loss) (21,264) (1,386)
Total stockholders’ equity 53,318 69,429
Total liabilities and stockholders’ equity $ 959,577 $ 987,634