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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 12,358 $ 9,796
Interest-bearing deposits in banks 23,077 39,803
Total cash and cash equivalents 35,435 49,599
Federal funds sold 10,080 8,354
Investment securities available-for-sale, at fair value 96,550 132,487
Investment securities held-to-maturity, at amortized cost 17,759 21,462
Federal Home Loan Bank stock, at cost 713 703
Loans, net of allowance for loan and lease losses of $5,585 and $5,055, respectively 544,519 514,867
Premises and equipment, net of accumulated depreciation 29,319 27,643
Cash surrender value of bank-owned life insurance 15,469 15,237
Accrued interest receivable 2,348 2,816
Goodwill and core deposit intangible, net 8,934 9,312
Other real estate owned 1,248 1,505
Other assets 9,556 7,954
Total assets 771,930 791,939
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 677,640 704,725
Accrued interest expense 548 424
Other liabilities 9,731 6,826
Short-term borrowings 221 527
Total liabilities 688,140 712,502
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,568,053 and 7,562,264 shares issued, respectively; 6,222,230 and 6,298,062 shares outstanding, respectively 75 75
Surplus 13,730 13,496
Accumulated other comprehensive loss, net of tax (573) (2,377)
Retained earnings 91,731 88,668
Less treasury stock: 1,345,823 and 1,264,202 shares at cost, respectively (21,173) (20,414)
Noncontrolling interest   (11)
Total shareholders’ equity 83,790 79,437
Total liabilities and shareholders’ equity $ 771,930 $ 791,939