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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS:    
Cash and due from banks $ 16,151 $ 17,019
Interest-bearing demand deposits 8,334 3,746
Total cash and cash equivalents 24,485 20,765
Investment securities:    
Equity securities with a readily determinable fair value, at fair value 2,213 2,312
Equity securities without a readily determinable fair value, at cost 2,099 2,099
Debt securities, available-for-sale, at fair value 157,936 178,000
Debt securities, held-to-maturity, at cost 26,941 27,525
Federal Reserve Bank stock, at cost 4,652 4,652
Federal Home Loan Bank stock, at cost 5,203 5,203
Loans, net 1,334,186 1,239,406
Premises and equipment, net 35,309 34,787
Operating Lease, Right-of-Use Asset 5,729 5,444
Goodwill 59,221 59,221
Core deposit and other intangibles, net 3,539 4,006
Bank owned life insurance 41,871 41,667
Other assets 12,672 10,295
TOTAL ASSETS 1,725,615 1,639,308
Deposits:    
Noninterest-bearing 426,989 354,391
Interest-bearing 1,003,405 993,889
Total deposits 1,430,394 1,348,280
Long-term debt 31,999 40,994
Operating Lease, Liability 5,790 5,446
Accrued interest and other liabilities 18,847 16,540
TOTAL LIABILITIES 1,487,030 1,411,260
COMMITMENTS AND CONTINGENT LIABILITIES 0 0
SHAREHOLDERS' EQUITY:    
Preferred shares – no par value, authorized 1,000,000 shares, none outstanding 0 0
Common shares – no par value; authorized 19,000,000 shares; issued 14,157,303 and 14,111,810 shares at September 30, 2020 and December 31, 2019, respectively; outstanding 12,926,686 and 12,936,783 shares at September 30, 2020 and December 31, 2019, respectively 142,310 141,791
Retained earnings 111,760 104,431
Treasury shares at cost, 1,230,617 and 1,175,027 shares at September 30, 2020 and December 31, 2019, respectively (19,639) (18,847)
Accumulated other comprehensive income, net of taxes 4,154 673
TOTAL SHAREHOLDERS' EQUITY 238,585 228,048
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,725,615 1,639,308
Accrued interest receivable $ 9,559 $ 3,926