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Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 10,487 $ 10,843
Interest-bearing deposits in banks 23,274 50,401
Total cash and cash equivalents 33,761 61,244
Federal funds sold 80 82
Investment securities available-for-sale, at fair value 150,192 130,883
Investment securities held-to-maturity, at amortized cost 2,344 3,436
Federal Home Loan Bank stock, at cost 884 870
Loans, net of allowance for loan and lease losses of $8,193 and $8,320, respectively 705,886 700,030
Premises and equipment, net of accumulated depreciation of $22,276 and $21, 916, respectively 24,786 25,123
Cash surrender value of bank-owned life insurance 16,286 16,141
Accrued interest receivable 2,650 2,556
Goodwill and core deposit intangible, net 7,923 8,069
Other real estate owned 276 2,149
Other assets 10,317 7,719
Total assets 955,385 958,302
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 179,899 174,501
Interest-bearing 664,397 663,625
Total deposits 844,296 838,126
Accrued interest expense 492 224
Other liabilities 7,243 9,189
Short-term borrowings 10,088 10,046
Long-term borrowings 10,690 10,653
Total liabilities 872,809 868,238
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,634,918 and 7,634,918 shares issued, respectively; 6,218,126 and 6,172,378 shares outstanding, respectively 75 75
Additional paid-in capital 14,263 14,163
Accumulated other comprehensive loss, net of tax (6,584) (276)
Retained earnings 100,838 98,428
Less treasury stock: 1,416,792 and 1,462,540 shares at cost, respectively (26,016) (22,326)
Total shareholders’ equity 82,576 90,064
Total liabilities and shareholders’ equity $ 955,385 $ 958,302