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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 2,071 $ 2,111
Interest-bearing deposits in other financial institutions 66,769 60,070
Cash and Cash Equivalents 68,840 62,181
Investment securities available for sale, at fair value 147,371 155,927
Restricted equity securities, at cost 1,074 1,062
Loans, net of deferred fees and costs 204,252 210,392
Less: Allowance for credit losses (2,380) (2,470)
Loans, net 201,872 207,922
Premises and equipment, net 3,492 3,564
Bank owned life insurance 8,375 8,338
Deferred tax assets, net 4,148 956
Accrued interest receivable 1,124 1,085
Accrued taxes receivable 280 301
Prepaid expenses 513 347
Other assets 356 383
Total Assets 437,445 442,066
LIABILITIES    
Noninterest-bearing deposits 155,027 155,624
Interest-bearing deposits 232,747 227,623
Total Deposits 387,774 383,247
Short-term borrowings 10,000 10,000
Long-term borrowings 10,000 10,000
Defined pension liability 311 304
Accrued expenses and other liabilities 2,080 2,799
Total Liabilities 410,165 406,350
STOCKHOLDERS' EQUITY    
Common stock, par value $1, authorized 15,000,000 shares, issued and outstanding 2,856,257 and 2,853,880 shares as of March 31, 2022 and December 31, 2021, respectively. 2,856 2,854
Additional paid-in capital 10,784 10,759
Retained earnings 22,922 22,977
Accumulated other comprehensive loss (9,282) (874)
Total Stockholders' Equity 27,280 35,716
Total Liabilities and Stockholders' Equity $ 437,445 $ 442,066