XML 20 R3.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS:    
Noninterest-bearing balances $ 27,390 $ 19,233
Interest-bearing deposits in other financial institutions 12,943 194,629
Federal funds sold 0 50,000
Total cash and cash equivalents 40,333 263,862
Investment debt securities, available for sale, at fair value 193,673 166,410
Investment equity securities, at fair value 1,142 1,288
Restricted investment in bank stock, at cost 19,171 14,531
Loans held for sale 3,298 3,725
Loans 1,639,731 1,392,147
Allowance for loan losses (15,637) (14,176)
Loans, net 1,624,094 1,377,971
Premises and equipment, net 31,844 34,025
Accrued interest receivable 9,481 8,048
Bank-owned life insurance 34,452 33,768
Investment in limited partnerships 8,656 4,607
Goodwill 16,450 17,104
Intangibles 327 480
Operating lease right of use asset 2,651 2,851
Deferred tax assets 6,868 2,946
Other assets 7,640 9,193
TOTAL ASSETS 2,000,080 1,940,809
LIABILITIES:    
Interest-bearing deposits 1,037,397 1,126,955
Noninterest-bearing deposits 519,063 494,360
Total deposits 1,556,460 1,621,315
Short-term borrowings 153,349 5,747
Long-term borrowings 102,783 125,963
Accrued interest payable 603 651
Operating lease liability 2,708 2,898
Other liabilities 16,512 11,961
TOTAL LIABILITIES 1,832,415 1,768,535
SHAREHOLDERS’ EQUITY:    
Preferred stock, no par value, 3,000,000 shares authorized; no shares issued 0 0
Common stock, par value $5.55, 22,500,000 shares authorized; 7,566,810 and 7,550,272 shares issued; 7,056,585 and 7,070,047 shares outstanding 42,039 41,945
Additional paid-in capital 54,252 53,795
Retained earnings 98,147 89,761
Accumulated other comprehensive (loss) gain:    
Net unrealized (loss) gain on available for sale securities (9,819) 2,373
Defined benefit plan (4,139) (3,485)
Treasury stock at cost, 510,225 and 480,225 shares (12,815) (12,115)
TOTAL SHAREHOLDERS' EQUITY 167,665 172,274
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,000,080 $ 1,940,809
Treasury stock (in shares) 510,225 480,225