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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from depository institutions $ 19,199,000 $ 20,427,000
Interest bearing deposits 14,620,000 2,585,000
Short-term investments 3,405,000 8,492,000
Cash and cash equivalents 37,224,000 31,504,000
Investment securities:    
Available for sale, at fair value 156,416,000 144,165,000
Held to maturity (fair value $49,583 on March 31, 2021 and $47,106 on December 31, 2020) 47,777,000 44,222,000
Loans held for sale 1,308,000 6,250,000
Loans 986,592,000 973,297,000
Less: Unearned income 1,343,000 1,202,000
Less: Allowance for loan losses 11,631,000 11,345,000
Net loans 973,618,000 960,750,000
Premises and equipment:    
Operating lease right-of-use asset 736,000 758,000
Financing lease right-of-use asset 2,888,000 2,956,000
Other premises and equipment, net 14,220,000 14,336,000
Accrued interest income receivable 5,321,000 5,068,000
Goodwill 11,944,000 11,944,000
Bank owned life insurance 38,655,000 39,033,000
Net deferred tax asset 2,479,000 1,572,000
Federal Home Loan Bank stock 3,155,000 4,821,000
Federal Reserve Bank stock 2,125,000 2,125,000
Other assets 13,546,000 10,209,000
TOTAL ASSETS 1,311,412,000 1,279,713,000
LIABILITIES    
Non-interest bearing deposits 207,425,000 177,533,000
Interest bearing deposits 909,666,000 877,387,000
Total deposits 1,117,091,000 1,054,920,000
Short-term borrowings 0 24,702,000
Advances from Federal Home Loan Bank 55,149,000 64,989,000
Operating lease liabilities 752,000 776,000
Financing lease liabilities 3,057,000 3,109,000
Guaranteed junior subordinated deferrable interest debentures 12,974,000 12,970,000
Subordinated debt 7,540,000 7,534,000
Total borrowed funds 79,472,000 114,080,000
Other liabilities 9,518,000 6,314,000
TOTAL LIABILITIES 1,206,081,000 1,175,314,000
SHAREHOLDERS’ EQUITY    
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,697,819 shares issued and 17,069,000 shares outstanding on March 31, 2021; 26,688,963 shares issued and 17,060,144 shares outstanding on December 31, 2020 267,000 267,000
Treasury stock at cost, 9,628,819 shares on March 31, 2021 and 9,628,819 shares on December 31, 2020 (83,280,000) (83,280,000)
Capital surplus 145,997,000 145,969,000
Retained earnings 56,295,000 54,641,000
Accumulated other comprehensive loss, net (13,948,000) (13,198,000)
TOTAL SHAREHOLDERS’ EQUITY 105,331,000 104,399,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,311,412,000 $ 1,279,713,000