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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 6,610 $ 9,396 [1]
Interest-bearing deposits 15,906 41,971 [1]
Certificates of deposit 2,976 3,224 [1]
Federal funds sold 197 6,961 [1]
Available-for-sale securities, at fair value 81,215 77,153 [1]
Restricted securities 6,750 5,787 [1]
Loans receivable, net of allowance for loan losses of $7,287 and $7,770, respectively 846,993 758,726 [1]
Loans held for sale [1]   1,651
Premises and equipment, net 18,315 17,463 [1]
Accrued interest receivable 3,060 3,194 [1]
Other real estate owned, net 3,663 4,284 [1]
Bank owned life insurance 19,147 18,773 [1]
Goodwill 10,374 10,374 [1]
Mortgage servicing rights 981 999 [1]
Core deposit intangible 2,381 2,991 [1]
Other assets 8,872 7,609 [1]
Total assets 1,027,440 970,556 [1]
LIABILITIES    
Noninterest-bearing deposits 108,602 103,037 [1]
Savings and interest-bearing demand deposits 330,690 299,820 [1]
Time deposits 369,836 358,989 [1]
Total deposits 809,128 761,846 [1]
Securities sold under repurchase agreements 6,083 9,498 [1]
Federal Home Loan Bank advances 80,000 70,000 [1]
Subordinated notes, net of issuance costs 6,889 6,877 [1]
Other liabilities 8,793 7,781 [1]
Total liabilities 910,893 856,002 [1]
SHAREHOLDERS’ EQUITY    
Common stock ($5 par value; authorized - 30,000,000 shares; outstanding - 13,238,716 and 13,203,605 shares, respectively) [2] 66,194 66,018 [1]
Additional paid-in capital 37,276 37,142 [1]
Unearned employee stock ownership plan shares (1,006) (1,129) [1]
Retained earnings 16,775 13,679 [1]
Accumulated other comprehensive loss, net (2,692) (1,156) [1]
Total shareholders’ equity 116,547 114,554 [1]
Total liabilities and shareholders’ equity $ 1,027,440 $ 970,556 [1]
[1] Derived from audited December 31, 2017 Consolidated Financial Statements.
[2] Preferred stock is authorized; however, none was outstanding as of September 30, 2018 and December 31, 2017.