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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 20,634 $ 26,212
Interest-bearing deposits in other banks 66,678 56,151
Securities available for sale 320,566 313,376
Securities to be held to maturity (fair value of $375,327,000 at December 31, 2021, and $377,134,000 at December 31, 2020) 370,040 365,613
Restricted equity securities, at cost 5,365 10,545
Loans held for sale 835 5,855
Loans 1,647,649 1,476,761
Less allowance for loan losses 15,521 16,253
Net loans 1,632,128 1,460,508
Accrued interest receivable 7,544 9,298
Premises and equipment, net 28,949 27,251
Other real estate owned 0 908
Goodwill 30,646 30,646
Other assets 43,714 54,873
Total assets 2,527,099 2,361,236
Liabilities    
Demand deposits 334,945 250,219
NOW deposits 655,061 520,385
Money market deposits 206,901 163,819
Savings deposits 360,185 304,603
Certificates of deposit 566,205 605,585
Total deposits 2,123,297 1,844,611
Borrowed funds – short term 81,252 206,940
Borrowed funds – long term 55,090 55,098
Other liabilities 21,803 30,861
Total liabilities 2,281,442 2,137,510
Commitments and contingent liabilities
Shareholders' equity    
Common stock, one cent par value per share 110 110
Additional paid-in capital 66,830 65,285
Retained earnings 180,417 158,359
Accumulated other comprehensive income (loss)    
Net unrealized gain (loss) on securities available for sale (1,718) 5,009
Net unrealized loss on securities transferred from available for sale to held to maturity (87) (133)
Net unrealized loss on cash flow hedging derivative instruments 0 (4,932)
Net unrealized gain on postretirement costs 105 28
Total shareholders' equity 245,657 223,726
Total liabilities and shareholders' equity $ 2,527,099 $ 2,361,236
Common stock    
Number of shares authorized (in shares) 18,000,000 18,000,000
Number of shares issued (in shares) 10,998,765 10,950,289
Number of shares outstanding (in shares) 10,998,765 10,950,289
Book value per common share (usd per share) $ 22.33 $ 20.43
Tangible book value per common share (usd per share) $ 19.52 $ 17.60