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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 19,989 $ 18,725
Interest-bearing deposits in banks 129,801 157,281
Securities available for sale, at fair value 284,893 289,495
Securities held to maturity, at amortized cost (fair value, 2022, $78,297; 2021, $33,617) 81,640 33,441
Restricted securities, at cost 1,908 1,813
Loans, net of allowance for loan losses, 2022, $5,828; 2021, $5,710 830,595 819,408
Other real estate owned, net of valuation allowance 1,767 1,848
Premises and equipment, net 22,278 22,403
Accrued interest receivable 4,056 3,903
Bank owned life insurance 24,438 24,294
Goodwill 3,030 3,030
Core deposit intangibles, net 150 154
Other assets 13,117 13,642
Total assets 1,417,662 1,389,437
Liabilities    
Noninterest-bearing demand deposits 417,776 413,188
Savings and interest-bearing demand deposits 734,051 689,998
Time deposits 141,065 145,566
Total deposits 1,292,892 1,248,752
Subordinated debt, net of issuance cost 4,994 9,993
Junior subordinated debt, net of issuance cost 9,279 9,279
Accrued interest payable and other liabilities 3,934 4,374
Total liabilities 1,311,099 1,272,398
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, par value $1.25 per share; authorized 1,000,000 shares; none issued and outstanding 0 0
Common stock, par value $1.25 per share; authorized 8,000,000 shares; issued and outstanding, 2022, 6,249,784 shares; 2021, 6,228,176 shares 7,812 7,785
Surplus 32,298 31,966
Retained earnings 79,845 76,990
Accumulated other comprehensive (loss) income, net (13,392) 298
Total shareholders’ equity 106,563 117,039
Total liabilities and shareholders’ equity $ 1,417,662 $ 1,389,437