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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from depository institutions $ 18,051,000 $ 18,830,000
Interest bearing deposits and short-term investments 4,116,000 4,132,000
Cash and cash equivalents 22,167,000 22,962,000
Investment securities, net of allowance for credit losses:    
Available for sale, at fair value (allowance for credit losses $926 on March 31, 2023) 177,873,000 179,508,000
Held to maturity (fair value $54,957 on March 31, 2023 and $55,192 on December 31, 2022; allowance for credit losses $83 on March 31, 2023) 60,740,000 61,878,000
Loans held for sale 417,000 59,000
Loans 980,781,000 991,109,000
Less: Unearned income 321,000 343,000
Less: Allowance for credit losses 12,132,000 10,743,000
Net loans 968,328,000 980,023,000
Premises and equipment:    
Operating lease right-of-use asset 614,000 630,000
Financing lease right-of-use asset 2,345,000 2,413,000
Other premises and equipment, net 14,394,000 14,460,000
Accrued interest income receivable 5,090,000 4,804,000
Goodwill 13,611,000 13,611,000
Core deposit intangible 120,000 128,000
Bank owned life insurance 39,021,000 38,895,000
Net deferred tax asset 3,272,000 2,789,000
Federal Home Loan Bank stock 4,031,000 5,754,000
Federal Reserve Bank stock 2,125,000 2,125,000
Other assets 31,809,000 33,835,000
TOTAL ASSETS 1,345,957,000 1,363,874,000
LIABILITIES    
Non-interest bearing deposits 194,817,000 195,123,000
Interest bearing deposits 936,972,000 913,414,000
Total deposits 1,131,789,000 1,108,537,000
Short-term borrowings 52,989,000 88,641,000
Advances from Federal Home Loan Bank 16,135,000 19,765,000
Operating lease liabilities 627,000 643,000
Financing lease liabilities 2,625,000 2,680,000
Subordinated debt 26,654,000 26,644,000
Total borrowed funds 99,030,000 138,373,000
Other liabilities 9,239,000 10,786,000
TOTAL LIABILITIES 1,240,058,000 1,257,696,000
SHAREHOLDERS' EQUITY    
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,776,089 shares issued and 17,147,270 shares outstanding on March 31, 2023; 26,746,436 shares issued and 17,117,617 shares outstanding on December 31, 2022 268,000 267,000
Treasury stock at cost, 9,628,819 shares on March 31, 2023 and December 31, 2022 (83,280,000) (83,280,000)
Capital surplus 146,331,000 146,225,000
Retained earnings 65,306,000 65,486,000
Accumulated other comprehensive loss, net (22,726,000) (22,520,000)
TOTAL SHAREHOLDERS' EQUITY 105,899,000 106,178,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,345,957,000 $ 1,363,874,000