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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 14,957 $ 2,920
Interest-bearing deposits in banks 59,799 102,879
Total cash and cash equivalents 74,756 105,799
Securities available-for-sale, at fair value 366,546 239,300
Securities held-to-maturity, fair value of $81,765 and $103,258 as of September 30, 2022 and December 31, 2021, respectively 100,598 105,509
Restricted securities, at cost 4,421 4,951
Equity securities, at fair value 1,913 1,869
Loans, net of unearned income 1,725,114 1,666,469
Allowance for loan losses (20,032) (20,032)
Net loans 1,705,082 1,646,437
Bank premises and equipment, net 1,331 1,620
Accrued interest receivable 4,744 4,943
Bank owned life insurance 21,071 20,998
Right of use assets 3,936 4,913
Other assets 21,142 12,970
Total assets 2,305,540 2,149,309
Deposits:    
Non-interest bearing demand deposits 535,186 488,838
Interest-bearing demand deposits 705,593 633,901
Savings deposits 102,909 101,376
Time deposits 719,653 657,438
Total deposits 2,063,341 1,881,553
Federal Home Loan Bank advances   18,000
Subordinated debt 24,603 24,728
Accrued interest payable 643 843
Lease liabilities 4,186 5,182
Other liabilities 10,555 10,533
Total liabilities 2,103,328 1,940,839
Commitments and contingencies
Shareholders' Equity    
Preferred stock, par value $0.01 per share; authorized 1,000,000 shares; none issued
Additional paid-in capital 94,560 91,107
Retained earnings 138,428 117,626
Accumulated other comprehensive loss (30,916) (400)
Total shareholders' equity 202,212 208,470
Total liabilities and shareholders' equity 2,305,540 2,149,309
Common stock, voting    
Shareholders' Equity    
Common stock $ 140 $ 137