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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 8,536 $ 7,577
Interest-bearing deposits in banks 33,262 19,547
Total cash and cash equivalents 41,798 27,124
Federal funds sold 15,000 15,000
Investment securities available-for-sale, at fair value 141,421 153,871
Investment securities held-to-maturity, at amortized cost 24,319 26,279
Federal Home Loan Bank stock, at cost 1,413 1,609
Loans, net of allowance for loan losses of $4,952 and $4,774, respectively 355,529 346,121
Premises and equipment, net 26,336 26,433
Cash surrender value of bank-owned life insurance 15,079 14,923
Accrued interest receivable 1,959 2,057
Other real estate owned 2,181 3,792
Other assets 9,001 8,372
Total assets 634,036 625,581
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 531,428 517,079
Accrued interest payable 444 381
Other liabilities 6,164 6,319
Short-term borrowings 10,366 15,594
Long-term debt 10,000 10,000
Total liabilities 558,402 549,373
Commitments and contingencies
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,356,466 and 7,345,946 shares issued, respectively; 6,092,264 and 6,081,744 shares outstanding, respectively 73 73
Surplus 10,970 10,755
Accumulated other comprehensive income (loss), net of tax (2,187) (868)
Retained earnings 87,203 86,673
Less treasury stock: 1,264,202 shares at cost (20,414) (20,414)
Noncontrolling interest (11) (11)
Total shareholders’ equity 75,634 76,208
Total liabilities and shareholders’ equity $ 634,036 $ 625,581