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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 3,051 $ 2,847
Interest-bearing deposits with other banks 4,637 11,791
Cash and cash equivalents 7,688 14,638
Interest bearing time deposits with other banks 100 100
Securities available for sale, at fair value 99,797 88,611
Securities held to maturity, at amortized cost (fair value of $8,788 and $11,739 at March 31, 2017 and December 31, 2016, respectively) 8,630 11,618
Federal Home Loan Bank Stock, at cost 4,269 5,106
Loans receivable, net of unearned income 718,800 695,257
Less: allowance for loan losses 6,797 6,696
Net loans receivable 712,003 688,561
Foreclosed real estate 2,464 2,367
Premises and equipment, net 8,505 8,728
Accrued interest receivable 2,006 2,058
Goodwill 2,820 2,820
Bank-owned life insurance 16,638 16,532
Other assets 7,362 7,589
Total Assets 872,282 848,728
Deposits:    
Non-interest bearing 130,130 132,434
Interest bearing 566,446 528,487
Total deposits 696,576 660,921
Short-term borrowings 14,800 29,805
Long-term borrowings 66,000 66,000
Accrued interest payable and other liabilities 4,643 4,090
Subordinated debentures 27,841 27,840
Total Liabilities 809,860 788,656
Stockholders' Equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued 0 0
Common stock, no par value, 10,000,000 shares authorized; 4,785,159 and 4,741,068 shares issued and outstanding 36,703 36,538
Deferred compensation obligation under Rabbi Trust (1,272) (1,383)
Retained earnings 25,111 23,291
Accumulated other comprehensive income 608 243
Stock held by Rabbi Trust 1,272 1,383
Total Stockholders' Equity 62,422 60,072
Total Liabilities and Stockholders' Equity $ 872,282 $ 848,728