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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 22,389 $ 30,025
Federal funds sold 51,140 31,737
Total cash and cash equivalents 73,529 61,762
Securities held-to-maturity, at amortized cost (fair value of $3,172 in 2023 and $3,135 in 2022) net of allowance for credit loss of $0 in 2023 3,630 3,639
Securities available-for-sale, at fair value 186,625 185,787
Restricted stock, at cost 1,357 1,387
Loans, net of allowance for credit losses of $7,586 in 2023 and $6,259 in 2022 610,418 605,366
Loans held for sale 6,160 2,423
Premises and equipment, net 17,561 17,974
Interest receivable 2,525 2,736
Cash value - bank owned life insurance 21,304 19,237
Other real estate owned 500 566
Customer relationship intangibles 7,472 7,845
Goodwill 2,054 2,054
Other assets 17,761 17,795
Total assets 950,896 928,571
Deposits    
Noninterest bearing demand 151,261 154,884
NOW, money market and savings 525,765 560,479
Time deposits 190,066 132,775
Total deposits 867,092 848,138
Capital notes, net 10,040 10,037
Other borrowings 10,173 10,457
Interest payable 269 89
Other liabilities 10,590 9,624
Total liabilities 898,164 878,345
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 4,543,338 as of June 30, 2023 and 4,628,657 as of December 31, 2022 9,723 9,905
Additional paid-in-capital 35,253 36,068
Retained earnings 33,219 31,034
Accumulated other comprehensive (loss) (25,463) (26,781)
Total stockholders’ equity 52,732 50,226
Total liabilities and stockholders’ equity $ 950,896 $ 928,571