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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 6,583 $ 2,920
Interest-bearing deposits in banks 55,016 102,879
Total cash and cash equivalents 61,599 105,799
Securities available-for-sale, at fair value 357,576 239,300
Securities held-to-maturity, fair value of $81,161 and $103,258 as of December 31, 2022 and December 31, 2021, respectively 99,415 105,509
Restricted securities, at cost 4,425 4,951
Equity securities, at fair value 2,115 1,869
Loans, net of unearned income 1,789,508 1,666,469
Allowance for loan losses (20,208) (20,032)
Net loans 1,769,300 1,646,437
Bank premises and equipment, net 1,219 1,620
Accrued interest receivable 5,531 4,943
Bank owned life insurance 21,170 20,998
Right of use assets 4,611 4,913
Other assets 21,274 12,970
Total assets 2,348,235 2,149,309
Deposits:    
Non-interest bearing demand deposits 476,697 488,838
Interest-bearing demand deposits 691,945 633,901
Savings deposits 95,241 101,376
Time deposits 803,857 657,438
Total deposits 2,067,740 1,881,553
Federal funds purchased 25,500  
Federal Home Loan Bank advances   18,000
Subordinated debt 24,624 24,728
Accrued interest payable 1,035 843
Lease liabilities 4,858 5,182
Other liabilities 11,678 10,533
Total liabilities 2,135,435 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 94,726 91,107
Retained earnings 146,630 117,626
Accumulated other comprehensive loss (28,697) (400)
Total shareholders' equity 212,800 208,470
Total liabilities and shareholders' equity 2,348,235 2,149,309
Common stock, voting    
Shareholders' Equity    
Common stock 141 137
Common stock, non voting    
Shareholders' Equity    
Common stock