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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from depository institutions $ 18,523,000 $ 24,748,000
Interest bearing deposits 7,715,000 10,942,000
Short-term investments 5,873,000 5,411,000
Cash and cash equivalents 32,111,000 41,101,000
Investment securities:    
Available for sale, at fair value 164,867,000 163,171,000
Held to maturity (fair value $57,121 on March 31, 2022 and $55,516 on December 31, 2021) 58,419,000 53,751,000
Loans held for sale 320,000 983,000
Loans 978,968,000 985,880,000
Less: Unearned income 596,000 826,000
Less: Allowance for loan losses 11,922,000 12,398,000
Net loans 966,450,000 972,656,000
Premises and equipment:    
Operating lease right-of-use asset 644,000 667,000
Financing lease right-of-use asset 2,616,000 2,684,000
Other premises and equipment, net 14,037,000 14,082,000
Accrued interest income receivable 4,384,000 3,984,000
Goodwill 13,611,000 13,611,000
Core deposit intangible 150,000 158,000
Bank owned life insurance 38,952,000 38,842,000
Net deferred tax asset 311,000  
Federal Home Loan Bank stock 2,500,000 2,692,000
Federal Reserve Bank stock 2,125,000 2,125,000
Other assets 29,768,000 25,053,000
TOTAL ASSETS 1,331,265,000 1,335,560,000
LIABILITIES    
Non-interest bearing deposits 207,044,000 211,106,000
Interest bearing deposits 933,845,000 928,272,000
Total deposits 1,140,889,000 1,139,378,000
Short-term borrowings 0 0
Advances from Federal Home Loan Bank 37,863,000 42,653,000
Operating lease liabilities 658,000 682,000
Financing lease liabilities 2,845,000 2,899,000
Subordinated debt 26,613,000 26,603,000
Total borrowed funds 67,979,000 72,837,000
Net deferred tax liability   934,000
Other liabilities 8,705,000 5,862,000
TOTAL LIABILITIES 1,217,573,000 1,219,011,000
SHAREHOLDERS' EQUITY    
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,737,903 shares issued and 17,109,084 shares outstanding on March 31, 2022; 26,710,319 shares issued and 17,081,500 shares outstanding on December 31, 2021 267,000 267,000
Treasury stock at cost, 9,628,819 shares on March 31, 2022 and December 31, 2021 (83,280,000) (83,280,000)
Capital surplus 146,162,000 146,069,000
Retained earnings 61,996,000 60,005,000
Accumulated other comprehensive loss, net (11,453,000) (6,512,000)
TOTAL SHAREHOLDERS' EQUITY 113,692,000 116,549,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,331,265,000 $ 1,335,560,000