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Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 20,105,000 $ 30,025,000
Federal funds sold 79,424,000 31,737,000
Total cash and cash equivalents 99,529,000 61,762,000
Securities held-to-maturity, at amortized cost (fair value of $3,028 in 2023 and $3,135 in 2022) net of allowance for credit loss of $0 in 2023 3,626,000 3,639,000
Securities available-for-sale, at fair value 181,977,000 185,787,000
Restricted stock, at cost 1,541,000 1,387,000
Loans, net of allowance for credit losses of $7,320 in 2023 and $6,259 in 2022 599,585,000 605,366,000
Loans held for sale 3,325,000 2,423,000
Premises and equipment, net 18,371,000 17,974,000
Interest receivable 2,707,000 2,736,000
Cash value - bank owned life insurance 21,443,000 19,237,000
Other real estate owned 0 566,000
Customer relationship intangibles 7,425,000 7,845,000
Goodwill 2,054,000 2,054,000
Other assets 19,304,000 17,795,000
Total assets 960,887,000 928,571,000
Deposits    
Noninterest bearing demand 154,628,000 154,884,000
NOW, money market and savings 524,721,000 560,479,000
Time deposits 200,854,000 132,775,000
Total deposits 880,203,000 848,138,000
Capital notes, net 10,041,000 10,037,000
Other borrowings 10,030,000 10,457,000
Interest payable 381,000 89,000
Other liabilities 10,103,000 9,624,000
Total liabilities 910,758,000 878,345,000
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 September 30, 2023 and 4,628,657 as of December 31, 2022 9,723,000 9,905,000
Additional paid-in-capital 35,253,000 36,068,000
Retained earnings 34,931,000 31,034,000
Accumulated other comprehensive (loss) (29,778,000) (26,781,000)
Total stockholders’ equity 50,129,000 50,226,000
Total liabilities and stockholders’ equity $ 960,887,000 $ 928,571,000