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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 2,130 $ 2,117
Interest-bearing deposits in other financial institutions 38,344 34,976
Cash and Cash Equivalents 40,474 37,093
Investment securities available for sale, at fair value 134,897 114,049
Restricted equity securities, at cost 1,062 1,199
Loans, net of deferred fees and costs 246,853 253,772
Less: Allowance for loan losses (2,921) (1,476)
Loans, net 243,932 252,296
Real estate acquired through foreclosure 575 575
Premises and equipment, net 3,793 3,853
Bank owned life insurance 8,219 8,181
Deferred tax assets, net 1,646 142
Accrued interest receivable 1,277 1,302
Accrued taxes receivable 75 116
Prepaid expenses 410 318
Other assets 364 362
Total Assets 436,724 419,486
LIABILITIES    
Noninterest-bearing deposits 147,822 132,626
Interest-bearing deposits 221,101 216,994
Total Deposits 368,923 349,620
Short-term borrowings 31,244 29,912
Defined pension liability 290 285
Accrued expenses and other liabilities 2,792 2,576
Total Liabilities 403,249 382,393
STOCKHOLDERS' EQUITY    
Common stock, par value $1, authorized 15,000,000 shares, issued and outstanding 2,842,040 and 2,827,473 shares as of December 31, 2020 and December 31, 2019, respectively. 2,845 2,842
Additional paid-in capital 10,670 10,640
Retained earnings 21,909 23,071
Accumulated other comprehensive gain (loss) (1,949) 540
Total Stockholders' Equity 33,475 37,093
Total Liabilities and Stockholders' Equity $ 436,724 $ 419,486