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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 12,751 $ 11,939
Interest-bearing deposits in banks 95,517 45,091
Total cash and cash equivalents 108,268 57,030
Federal funds sold 80 10,080
Investment securities available-for-sale, at fair value 94,658 94,016
Investment securities held-to-maturity, at amortized cost 9,306 14,340
Federal Home Loan Bank stock, at cost 1,135 1,137
Loans, net of allowance for loan and lease losses of $6,423 and $5,762, respectively 566,062 545,243
Premises and equipment, net of accumulated depreciation of $23,195 and $22,570, respectively 28,724 29,216
Cash surrender value of bank-owned life insurance 15,696 15,546
Accrued interest receivable 3,140 2,488
Goodwill and core deposit intangible, net 8,605 8,825
Other real estate owned 1,003 1,078
Other assets 9,070 9,739
Total assets 845,747 788,738
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 153,664 112,729
Interest-bearing 584,626 570,933
Total deposits 738,290 683,662
Accrued interest expense 438 537
Other liabilities 11,404 9,766
Short-term borrowings 10,334 10,025
Total liabilities 760,466 703,990
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,596,551 and 7,568,053 shares issued, respectively; 6,176,433 and 6,157,692 shares outstanding, respectively 75 75
Additional paid-in capital 13,573 13,814
Accumulated other comprehensive loss, net of tax (145) (46)
Retained earnings 93,636 92,755
Less treasury stock: 1,420,118 and 1,410,361 shares at cost, respectively (21,858) (21,850)
Total shareholders’ equity 85,281 84,748
Total liabilities and shareholders’ equity $ 845,747 $ 788,738