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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 38,622 $ 29,337
Federal funds sold 42,398 153,816
Total cash and cash equivalents 81,020 183,153
Securities held-to-maturity, at amortized cost (fair value of $3,192 in 2022 and $4,006 in 2021) 3,643 3,655
Securities available-for-sale, at fair value 191,131 161,267
Restricted stock, at cost 1,387 1,324
Loans, net of allowance for loan losses of $6,394 in 2022 and $6,915 in 2021 614,117 576,469
Loans held for sale 3,239 1,628
Premises and equipment, net 18,250 18,351
Interest receivable 2,382 2,064
Cash value - bank owned life insurance 19,123 18,785
Other real estate owned 566 761
Customer relationship intangibles, net 7,986 8,406
Goodwill 3,819 3,001
Other assets 15,907 8,770
Total assets 962,570 987,634
Deposits    
Noninterest bearing demand 155,984 162,286
NOW, money market and savings 598,964 582,000
Time deposits 128,121 142,770
Total deposits 883,069 887,056
Capital notes, net 10,037 10,031
Other borrowings 10,596 10,985
Interest payable 37 46
Other liabilities 10,492 10,087
Total liabilities 914,231 918,205
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 4,628,657 and 4,740,657 as of September 30, 2022 and December 31, 2021 9,905 10,145
Additional paid-in-capital 36,068 37,230
Retained earnings 29,450 23,440
Accumulated other comprehensive (loss) (27,084) (1,386)
Total stockholders’ equity 48,339 69,429
Total liabilities and stockholders’ equity $ 962,570 $ 987,634