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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 12,537 $ 10,843
Interest-bearing deposits in banks 85,302 50,401
Total cash and cash equivalents 97,839 61,244
Federal funds sold 81 82
Investment securities available-for-sale, at fair value 135,018 130,883
Investment securities held-to-maturity, at amortized cost 2,718 3,436
Federal Home Loan Bank stock, at cost 934 870
Loans, net of allowance for loan and lease losses of $8,484 and $8,320, respectively 669,846 700,030
Premises and equipment, net of accumulated depreciation of $22,204 and $21,916, respectively 24,881 25,123
Cash surrender value of bank-owned life insurance 16,213 16,141
Accrued interest receivable 2,450 2,556
Goodwill and core deposit intangible, net 7,996 8,069
Other real estate owned 874 2,149
Other assets 9,796 7,719
Total assets 968,646 958,302
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 183,536 174,501
Interest-bearing 669,581 663,625
Total deposits 853,117 838,126
Accrued interest expense 305 224
Other liabilities 6,684 9,189
Short-term borrowings 10,062 10,046
Long-term borrowings 10,671 10,653
Total liabilities 880,839 868,238
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,679,659 and 7,634,918 shares issued, respectively; 6,129,519 and 6,172,378 shares outstanding, respectively 75 75
Additional paid-in capital 14,278 14,163
Accumulated other comprehensive loss, net of tax (2,866) (276)
Retained earnings 99,604 98,428
Less treasury stock: 1,550,140 and 1,462,540 shares at cost, respectively (23,284) (22,326)
Total shareholders’ equity 87,807 90,064
Total liabilities and shareholders’ equity $ 968,646 $ 958,302