XML 81 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
[1]
ASSETS    
Cash and due from banks $ 7,419 $ 7,685
Interest-earning deposits 23,894 18,981
Federal funds sold 92 625
Certificates of deposit 3,498 3,746
Available-for-sale securities, at fair value 80,748 82,232
Restricted securities 6,684 7,600
Loans receivable, net of allowance for loan losses of $7,495 and $7,902, respectively 924,268 894,191
Loans held for sale 268 368
Premises and equipment, net 20,532 18,169
Accrued interest receivable 3,104 3,172
Other real estate owned, net 2,178 3,597
Bank owned life insurance 19,632 19,270
Goodwill 10,374 10,374
Mortgage servicing rights 910 977
Deferred tax asset, net 740 1,510
Other assets 6,203 5,927
Total assets 1,112,219 1,080,617
LIABILITIES    
Noninterest-bearing demand deposits 124,670 114,122
Savings and interest-bearing demand deposits 372,404 359,400
Time deposits 396,614 368,670
Total deposits 893,688 842,192
Securities sold under repurchase agreements 6,323 6,089
Federal Home Loan Bank advances 68,000 100,000
Subordinated notes, net of issuance costs 6,906 6,893
Other liabilities 12,445 7,967
Total liabilities 987,362 963,141
SHAREHOLDERS’ EQUITY    
Common stock ($5 par value; authorized - 30,000,000 shares; outstanding - 13,334,302 and 13,201,682 shares, respectively) [2] 66,671 66,008
Additional paid-in capital 36,781 36,972
Unearned employee stock ownership plan shares (1,593) (1,734)
Retained earnings 22,658 17,557
Accumulated other comprehensive income (loss), net 340 (1,327)
Total shareholders’ equity 124,857 117,476
Total liabilities and shareholders’ equity 1,112,219 1,080,617
Core Deposits    
ASSETS    
Intangible $ 1,675 $ 2,193
[1] Derived from audited December 31, 2018 Consolidated Financial Statements.
[2] Preferred stock is authorized; however, none was outstanding as of September 30, 2019 and December 31, 2018.