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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 2,196 $ 2,420
Interest-bearing deposits in other financial institutions 24,857 10,870
Cash and Cash Equivalents 27,053 13,290
Investment securities available for sale, at fair value 114,461 71,486
Restricted equity securities, at cost 1,624 1,437
Loans, net of deferred fees and costs 274,082 284,738
Less: Allowance for loan losses (1,663) (2,066)
Loans, net 272,419 282,672
Real estate acquired through foreclosure 705 705
Premises and equipment, net 3,878 3,761
Bank owned life insurance 8,141 8,023
Deferred tax assets, net 499 672
Accrued interest receivable 1,367 961
Accrued taxes receivable   1,221
Prepaid expenses 393 406
Other assets 382 308
Total Assets 430,922 384,942
LIABILITIES    
Noninterest-bearing deposits 129,745 107,158
Interest-bearing deposits 214,195 214,282
Total Deposits 343,940 321,440
Short-term borrowings 37,367 25,000
Long-term borrowings 10,000  
Defined pension liability 282 317
Accrued Taxes Payable (284)  
Accrued expenses and other liabilities 2,544 2,505
Total Liabilities 394,417 349,262
STOCKHOLDERS' EQUITY    
Common stock, par value $1, authorized 15,000,000 shares, issued and outstanding 2,838,357 and 2,827,473 shares as of September 30, 2020 and December 31, 2019, respectively. 2,839 2,827
Additional paid-in capital 10,610 10,525
Retained earnings 22,810 22,537
Accumulated other comprehensive gain (loss) 246 (209)
Total Stockholders' Equity 36,505 35,680
Total Liabilities and Stockholders' Equity $ 430,922 $ 384,942