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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 44,753 $ 46,686
Investment securities available for sale 173,227 171,507
Loans, less allowance for loan losses of $7,067 at March 31, 2019 and $6,958 at December 31, 2018 569,778 562,498
Real estate acquired through foreclosure 1,170 1,170
Premises and equipment, net 14,224 14,287
Bank owned life insurance 12,938 12,856
Accrued interest receivable and other assets 15,287 15,394
Total assets 831,377 824,398
Deposits:    
Non-interest bearing 312,121 304,039
Interest bearing 418,802 422,526
Total deposits 730,923 726,565
Repurchase agreements 8,910 13,058
Accrued interest payable and other liabilities 8,527 7,533
Junior subordinated deferrable interest debentures 10,310 10,310
Total liabilities 758,670 757,466
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding – 5,150,876 shares at March 31, 2019 and 5,137,476 at December 31, 2018 7,070 6,944
Retained earnings 65,823 62,005
Accumulated other comprehensive loss, net (186) (2,017)
Total shareholders’ equity 72,707 66,932
Total liabilities and shareholders’ equity $ 831,377 $ 824,398