Financial Highlights

Balance Sheet ($000) June 30, 2022 (unaudited)
December 31, 2021
December 31, 2020 December 31, 2019
Total Assets 448,902 426,783 380,710 324,402
Total Net Loans 272,660
244,808
239,867 217,274
Total Securities 135,077
148,306
111,998 86,746
Total Deposits 425,570
390,681
346,396 282,974
Shareholders' Equity 20,050
32,957
31,001 27,411

Performance Ratios (%) June 30, 2022 (unaudited) December 31, 2021
December 31, 2020 December 31, 2019
Return on Average Assets 0.75%
0.87% 0.82% 0.89%
Return on Average Shareholders' Equity 12.30%
11.43% 9.67% 10.84%
Net Interest Margin 2.89%
2.87% 3.19% 3.39%
Loans/Deposits 64.07%
62.66% 69.25% 76.78%
Securities/Assets 30.09%
34.75% 29.42% 26.74%
Shareholders' Equity/Assets 4.47%
7.72% 8.14% 8.45%
Efficiency Ratio 67.61%
65.49% 65.92% 69.03%

Summary of Operations ($000) June 30, 2022 (unaudited)
Year Ended December 31, 2021
Year Ended December 31, 2020 Year Ended December 31, 2019
Interest Income 6,790
12,851 12,388
12,364
Interest Expense 856
1,564 1,782
2,296
Net Interest Income 5,934
11,287 10,606
10,068
Provision for Loan Losses 215 80 800
143
Net Interest Income After
Provision for Loan Losses
5,719 11,207 9,806
9,925
Noninterest Income 1,081 2,106 2,097
1,915
Noninterest Expense
4,845
8,939
8,324

8,356
Income Before Income Taxes
1,955 4,374 3,579
3,484
Income Tax Expense
331 798 703 686
Net Income 1,624 3,576 2,876
2,798

Shareholder Information June 30, 2022 (unaudited)
Year Ended December 31, 2021
Year Ended December 31, 2020 Year Ended December 31, 2019
Common Shares Outstanding 275,746
275,746 279,246 279,246
Basic and Diluted Earnings Per Share ($) 5.89
12.93 10.30
10.02
Book Value Per Share ($) 72.71 119.52 111.02
98.16