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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 10,843 $ 12,235
Interest-bearing deposits in banks 50,401 82,180
Total cash and cash equivalents 61,244 94,415
Federal funds sold 82 85
Investment securities available-for-sale, at fair value 130,883 84,993
Investment securities held-to-maturity, at amortized cost 3,436 6,429
Federal Home Loan Bank stock, at cost 870 1,135
Loans, net of allowance for loan and lease losses of $8,320 and $7,470, respectively 700,030 638,374
Premises and equipment, net of accumulated depreciation of $21,916 and $23,774, respectively 25,123 28,206
Cash surrender value of bank-owned life insurance 16,141 15,846
Accrued interest receivable 2,556 2,807
Goodwill and core deposit intangible, net 8,069 8,410
Other real estate owned 2,149 949
Other assets 7,719 8,862
Total assets 958,302 890,511
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Long-term borrowings 10,653  
Non-interest-bearing 174,501 151,935
Interest-bearing 663,625 630,277
Total deposits 838,126 782,212
Accrued interest expense 224 292
Other liabilities 9,189 11,312
Short-term borrowings 10,046 10,017
Total liabilities 868,238 803,833
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,634,918 and 7,596,351 shares issued, respectively; 6,172,378 and 6,176,556 shares outstanding, respectively 75 75
Additional paid-in capital 14,163 13,786
Accumulated other comprehensive loss, net of tax (276) (52)
Retained earnings 98,428 94,722
Less treasury stock: 1,462,540 and 1,419,795 shares at cost, respectively (22,326) (21,853)
Total shareholders’ equity 90,064 86,678
Total liabilities and shareholders’ equity $ 958,302 $ 890,511