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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 12,784 $ 12,887 [1]
Interest bearing deposits in other financial institutions 210,935 297,902 [1]
Federal funds sold 24,573 28,040 [1]
Cash and cash equivalents 248,292 338,829 [1]
Securities available for sale, at fair value 131,465 122,021 [1]
Loans held for sale 201 4,064 [1]
Loans, less allowance for credit losses of $13,818 at September 30, 2022 and $14,656 at December 31, 2021 1,190,142 1,102,539 [1]
Accrued interest receivable 4,035 4,313 [1]
Premises and equipment, less accumulated depreciation 15,258 16,175 [1]
Restricted stock 4,889 4,869 [1]
Operating lease right-of-use assets 5,290 6,009 [1]
Financing lease right-of-use assets 1,584 1,687 [1]
Other investments 4,864 5,065 [1]
Bank owned life insurance 18,592 18,254 [1]
Other real estate owned, net [1]   837
Core deposit intangible, net 1,666 2,060 [1]
Goodwill 9,582 9,582 [1]
Other assets 14,850 8,675 [1]
Total assets 1,650,710 1,644,979 [1]
Deposits:    
Non-interest bearing demand 568,113 493,913 [1]
Interest bearing demand 143,564 159,421 [1]
Savings and money market 441,230 410,286 [1]
Time 303,037 379,256 [1]
Deposits, Total 1,455,944 1,442,876 [1]
Accrued interest payable on deposits 189 280 [1]
Long-term borrowings with the Federal Home Loan Bank 25,819 26,313 [1]
Subordinated notes payable, net 22,203 22,168 [1]
Other borrowings 811 755 [1]
Operating lease liabilities 5,688 6,372 [1]
Financing lease liabilities 2,036 2,125 [1]
Other liabilities 4,261 2,722 [1]
Total liabilities 1,516,951 1,503,611 [1]
COMMITMENTS, CONTINGENCIES & SUBSEQUENT EVENT [1]
STOCKHOLDERS' EQUITY    
Common stock, par value $0.01, authorized 40,000,000 shares, issued and outstanding 17,961,699 as of September 30, 2022 and 17,941,604 as of December 31, 2021, including 18,669 nonvested shares as of September 30, 2022 and 28,000 nonvested shares as of December 31, 2021 179 179 [1]
Surplus 88,576 88,390 [1]
Retained earnings 59,356 51,305 [1]
Noncontrolling interest in consolidated subsidiaries 727 1,179 [1]
Accumulated other comprehensive income (loss), net of tax (15,079) 315 [1]
Total stockholders' equity 133,759 141,368 [1]
Total liabilities and stockholders' equity $ 1,650,710 $ 1,644,979 [1]
[1] * Derived from audited consolidated financial statements.