Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 16,629	$ 14,536
Interest-bearing deposits with other institutions	49,902	49,304
Federal funds sold	363	228
Total cash and cash equivalents	66,894	64,068
Securities available for sale, at fair value	149,156	192,321
Restricted investments	9,233	1,049
Loans held for sale	153	876
Loans	1,323,783	985,720
Allowance for loan losses	(11,218)	(8,787)
Net Loans	1,312,565	976,933
Bank premises and equipment, net	18,064	18,249
Other real estate owned, net of allowance	108	0
Bank owned life insurance	23,862	23,236
Other assets	36,682	26,306
Total assets	1,616,717	1,303,038
Deposits:
Noninterest bearing demand deposits	478,750	470,355
Savings and interest bearing demand deposits	627,431	583,296
Time Deposits	157,894	123,584
Total deposits	1,264,075	1,177,235
Federal Funds Purchased	32,980	0
Federal Home Loan Bank advances	175,000	0
Subordinated Debt	29,377	0
Other Liabilities	13,556	15,523
Total liabilities	1,514,988	1,192,758
Commitments and Contingencies
Shareholders’ Equity
Preferred stock, $10 par value; 500,000 shares authorized and unissued	0	0
Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2022, 3,490,086 including 38,780 unvested restricted stock; issued and outstanding 2021, 3,454,128 including 31,738 unvested restricted stock	8,629	8,556
Surplus	13,268	12,115
Retained earnings	100,278	89,764
Accumulated other comprehensive (loss)	(20,446)	(155)
Total shareholders’ equity	101,729	110,280
Total liabilities and shareholders’ equity	$ 1,616,717	$ 1,303,038