XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 1,965 $ 2,035
Interest-bearing deposits in other financial institutions 9,783 28,057
Cash and Cash Equivalents 11,748 30,092
Investment securities available for sale, at fair value 150,820 144,133
Restricted equity securities, at cost 403 221
Loans, net of deferred fees and costs 180,551 186,440
Less: Allowance for credit losses (2,222) (2,162)
Loans, net 178,329 184,278
Premises and equipment, net 3,276 3,277
Bank owned life insurance 8,572 8,493
Deferred tax assets, net 8,520 8,902
Accrued interest receivable 1,139 1,159
Accrued taxes receivable 70  
Prepaid expenses 382 493
Other assets 348 388
Total Assets 363,607 381,436
LIABILITIES    
Noninterest-bearing deposits 130,430 143,262
Interest-bearing deposits 198,794 219,685
Total Deposits 329,224 362,947
Short-term borrowings 15,000  
Defined pension liability 320 317
Accrued Taxes Payable   151
Accrued expenses and other liabilities 1,804 1,967
Total Liabilities 346,348 365,382
STOCKHOLDERS' EQUITY    
Common stock, par value $1, authorized 15,000,000 shares, issued and outstanding 2,872,834 and 2,865,046 shares as of June 30, 2023 and December 31, 2022, respectively. 2,873 2,865
Additional paid-in capital 10,914 10,862
Retained earnings 23,716 23,579
Accumulated other comprehensive loss (20,244) (21,252)
Total Stockholders' Equity 17,259 16,054
Total Liabilities and Stockholders' Equity $ 363,607 $ 381,436