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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from depository institutions $ 24,748,000 $ 20,427,000
Interest bearing deposits 10,942,000 2,585,000
Short-term investments 5,411,000 8,492,000
Cash and cash equivalents 41,101,000 31,504,000
Investment securities:    
Available for sale, at fair value 163,171,000 144,165,000
Held to maturity (fair value $55,516 on December 31, 2021 and $47,106 on December 31, 2020) 53,751,000 44,222,000
Loans held for sale 983,000 6,250,000
Loans 985,880,000 973,297,000
Less: Unearned income 826,000 1,202,000
Less: Allowance for loan losses 12,398,000 11,345,000
Net loans 972,656,000 960,750,000
Premises and equipment:    
Operating lease right-of-use asset 667,000 758,000
Financing lease right-of-use asset 2,684,000 2,956,000
Other premises and equipment, net 14,082,000 14,336,000
Accrued interest income receivable 3,984,000 5,068,000
Goodwill 13,611,000 11,944,000
Core deposit intangible 158,000  
Bank owned life insurance 38,842,000 39,033,000
Net deferred tax asset   1,572,000
Federal Home Loan Bank stock 2,692,000 4,821,000
Federal Reserve Bank stock 2,125,000 2,125,000
Other assets 25,053,000 13,229,000
TOTAL ASSETS 1,335,560,000 1,282,733,000
LIABILITIES    
Non-interest bearing deposits 211,106,000 177,533,000
Interest bearing deposits 928,272,000 877,387,000
Total deposits 1,139,378,000 1,054,920,000
Short-term borrowings   24,702,000
Advances from Federal Home Loan Bank 42,653,000 64,989,000
Operating lease liabilities 682,000 776,000
Financing lease liabilities 2,899,000 3,109,000
Guaranteed junior subordinated deferrable interest debentures   12,970,000
Subordinated debt 26,603,000 7,534,000
Total borrowed funds 72,837,000 114,080,000
Net deferred tax liability 934,000  
Other liabilities 5,862,000 9,334,000
TOTAL LIABILITIES 1,219,011,000 1,178,334,000
SHAREHOLDERS' EQUITY    
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,710,319 shares issued and 17,081,500 shares outstanding on December 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 December 31, 2021 and December 31, 2020 (83,280,000) (83,280,000)
Capital surplus 146,069,000 145,969,000
Retained earnings 60,005,000 54,641,000
Accumulated other comprehensive loss, net (6,512,000) (13,198,000)
TOTAL SHAREHOLDERS' EQUITY 116,549,000 104,399,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,335,560,000 $ 1,282,733,000