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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from depository institutions $ 25,897,000 $ 20,427,000
Interest bearing deposits 4,285,000 2,585,000
Short-term investments 5,795,000 8,492,000
Cash and cash equivalents 35,977,000 31,504,000
Investment securities:    
Available for sale, at fair value 160,353,000 144,165,000
Held to maturity (fair value $56,070 on September 30, 2021 and $47,106 on December 31, 2020) 53,942,000 44,222,000
Loans held for sale   6,250,000
Loans 997,091,000 973,297,000
Less: Unearned income 1,062,000 1,202,000
Less: Allowance for loan losses 12,124,000 11,345,000
Net loans 983,905,000 960,750,000
Premises and equipment:    
Operating lease right-of-use asset 690,000 758,000
Financing lease right-of-use asset 2,752,000 2,956,000
Other premises and equipment, net 14,092,000 14,336,000
Accrued interest income receivable 4,920,000 5,068,000
Goodwill 13,611,000 11,944,000
Core deposit intangible 166,000  
Bank owned life insurance 39,161,000 39,033,000
Net deferred tax asset 346,000 1,572,000
Federal Home Loan Bank stock 3,224,000 4,821,000
Federal Reserve Bank stock 2,125,000 2,125,000
Other assets 23,622,000 10,209,000
TOTAL ASSETS 1,338,886,000 1,279,713,000
LIABILITIES    
Non-interest bearing deposits 216,253,000 177,533,000
Interest bearing deposits 928,138,000 877,387,000
Total deposits 1,144,391,000 1,054,920,000
Short-term borrowings 0 24,702,000
Advances from Federal Home Loan Bank 43,653,000 64,989,000
Operating lease liabilities 705,000 776,000
Financing lease liabilities 2,953,000 3,109,000
Guaranteed junior subordinated deferrable interest debentures   12,970,000
Subordinated debt 26,600,000 7,534,000
Total borrowed funds 73,911,000 114,080,000
Other liabilities 6,848,000 6,314,000
TOTAL LIABILITIES 1,225,150,000 1,175,314,000
SHAREHOLDERS' EQUITY    
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,703,819 shares issued and 17,075,000 shares outstanding on September 30, 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 September 30, 2021 and December 31, 2020 (83,280,000) (83,280,000)
Capital surplus 146,038,000 145,969,000
Retained earnings 58,581,000 54,641,000
Accumulated other comprehensive loss, net (7,870,000) (13,198,000)
TOTAL SHAREHOLDERS' EQUITY 113,736,000 104,399,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,338,886,000 $ 1,279,713,000