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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 11,844 $ 10,843
Interest-bearing deposits in banks 18,308 50,401
Total cash and cash equivalents 30,152 61,244
Federal funds sold 1,768 82
Investment securities available-for-sale, at fair value 130,795 130,883
Investment securities held-to-maturity, at amortized cost 1,862 3,436
Federal Home Loan Bank stock, at cost 1,359 870
Loans, net of allowance for loan and lease losses of $9,422 and $8,320, respectively 764,451 700,030
Premises and equipment, net of accumulated depreciation of $21,623 and $21,916, respectively 24,439 25,123
Cash surrender value of bank-owned life insurance 16,399 16,141
Accrued interest receivable 3,011 2,556
Goodwill and core deposit intangible, net 7,801 8,069
Other real estate owned 686 2,149
Other assets 11,944 7,719
Total assets 994,667 958,302
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 169,822 174,501
Interest-bearing 700,203 663,625
Total deposits 870,025 838,126
Accrued interest expense 607 224
Other liabilities 8,136 9,189
Short-term borrowings 20,038 10,046
Long-term borrowings 10,726 10,653
Total liabilities 909,532 868,238
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,680,856 and 7,634,918 shares issued, respectively; 5,812,258 and 6,172,378 shares outstanding, respectively 75 75
Additional paid-in capital 14,510 14,163
Accumulated other comprehensive loss, net of tax (7,241) (276)
Retained earnings 104,460 98,428
Less treasury stock: 1,868,598 and 1,462,540 shares at cost, respectively (26,669) (22,326)
Total shareholders’ equity 85,135 90,064
Total liabilities and shareholders’ equity $ 994,667 $ 958,302