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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 2,380 $ 2,035
Interest-bearing deposits in other financial institutions 12,142 28,057
Cash and Cash Equivalents 14,522 30,092
Investment securities available for sale, at fair value 142,705 144,133
Restricted equity securities, at cost 980 221
Loans, net of deferred fees and costs 174,796 186,440
Less: Allowance for credit losses (2,094) (2,162)
Loans, net 172,702 184,278
Premises and equipment, net 3,177 3,277
Bank owned life insurance 8,614 8,493
Deferred tax assets, net 10,187 8,902
Accrued interest receivable 1,373 1,159
Accrued taxes receivable 189  
Prepaid expenses 538 493
Other assets 377 388
Total Assets 355,364 381,436
LIABILITIES    
Noninterest-bearing deposits 126,898 143,262
Interest-bearing deposits 187,943 219,685
Total Deposits 314,841 362,947
Short-term borrowings 25,000  
Defined pension liability 322 317
Accrued Taxes Payable   151
Accrued expenses and other liabilities 2,040 1,967
Total Liabilities 342,203 365,382
STOCKHOLDERS' EQUITY    
Common stock, par value $1, authorized 15,000,000 shares, issued and outstanding 2,877,084 and 2,865,046 shares as of September 30, 2023 and December 31, 2022, respectively. 2,877 2,865
Additional paid-in capital 10,940 10,862
Retained earnings 23,980 23,579
Accumulated other comprehensive loss (24,636) (21,252)
Total Stockholders' Equity 13,161 16,054
Total Liabilities and Stockholders' Equity $ 355,364 $ 381,436