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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 22,912 $ 30,025
Federal funds sold 41,695 31,737
Total cash and cash equivalents 64,607 61,762
Securities held-to-maturity, at amortized cost (fair value of $3,211 in 2023 and $3,135 in 2022) net of allowance for credit loss of $0 in 2023 3,634 3,639
Securities available-for-sale, at fair value 189,587 185,787
Restricted stock, at cost 1,387 1,387
Loans, net of allowance for credit losses of $7,715 in 2023 and $6,259 in 2022 618,223 605,366
Loans held for sale 1,163 2,423
Premises and equipment, net 17,796 17,974
Interest receivable 2,574 2,736
Cash value - bank owned life insurance 21,169 19,237
Other real estate owned 540 566
Customer relationship intangibles 7,705 7,845
Goodwill 2,054 2,054
Other assets 17,662 17,795
Total assets 948,101 928,571
Deposits    
Noninterest bearing demand 150,829 154,884
NOW, money market and savings 544,643 560,479
Time deposits 168,965 132,775
Total deposits 864,437 848,138
Capital notes, net 10,039 10,037
Other borrowings 10,314 10,457
Interest payable 218 89
Other liabilities 11,082 9,624
Total liabilities 896,090 878,345
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 4,560,038 as of March 31, 2023 and 4,628,657 as of December 31, 2022 9,758 9,905
Additional paid-in-capital 35,402 36,068
Retained earnings 31,049 31,034
Accumulated other comprehensive (loss) (24,198) (26,781)
Total stockholders’ equity 52,011 50,226
Total liabilities and stockholders’ equity $ 948,101 $ 928,571