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Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 11,608 $ 10,843
Interest-bearing deposits in banks 25,212 50,401
Total cash and cash equivalents 36,820 61,244
Federal funds sold 120 82
Investment securities available-for-sale, at fair value 143,794 130,883
Investment securities held-to-maturity, at amortized cost 2,109 3,436
Federal Home Loan Bank stock, at cost 2,009 870
Loans, net of allowance for loan and lease losses of $9,373 and $8,320, respectively 740,898 700,030
Premises and equipment, net of accumulated depreciation of $21,338 and $21, 916, respectively 24,209 25,123
Cash surrender value of bank-owned life insurance 16,360 16,141
Accrued interest receivable 2,691 2,556
Goodwill and core deposit intangible, net 7,856 8,069
Other real estate owned 686 2,149
Other assets 11,725 7,719
Total assets 989,277 958,302
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 177,778 174,501
Interest-bearing 668,759 663,625
Total deposits 846,537 838,126
Accrued interest expense 719 224
Other liabilities 8,104 9,189
Short-term borrowings 40,106 10,046
Long-term borrowings 10,708 10,653
Total liabilities 906,174 868,238
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; 5,812,258 and 6,172,378 shares outstanding, respectively 75 75
Additional paid-in capital 14,386 14,163
Accumulated other comprehensive loss, net of tax (7,212) (276)
Retained earnings 102,523 98,428
Less treasury stock: 1,867,401 and 1,462,540 shares at cost, respectively (26,669) (22,326)
Total shareholders’ equity 83,103 90,064
Total liabilities and shareholders’ equity $ 989,277 $ 958,302