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Consolidated Statements of Condition - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and noninterest-bearing deposits with banks $ 13,806 $ 12,664
Interest-bearing deposits with banks 57,374 61,909
Total cash and cash equivalents 71,180 74,573
Certificates of deposit in financial institutions 2,065 1,820
Securities available for sale 102,164 101,125
Securities held to maturity (estimated fair value: 2018 - $16,234; 2017 - $18,079) 15,816 17,581
Restricted investments in bank stocks 7,506 7,506
Total loans 777,052 769,319
Less: Allowance for loan losses (6,728) (7,499)
Net loans 770,324 761,820
Premises and equipment, net 14,855 13,281
Other real estate owned, net 430 1,574
Accrued interest receivable 2,638 2,503
Goodwill 7,371 7,371
Other intangible assets, net 379 514
Bank owned life insurance and annuity assets 29,392 28,675
Other assets 6,373 7,947
Total assets 1,030,493 1,026,290
Liabilities    
Noninterest-bearing deposits 237,821 253,655
Interest-bearing deposits 608,883 603,069
Total deposits 846,704 856,724
Other borrowed funds 39,713 35,949
Subordinated debentures 8,500 8,500
Accrued liabilities 17,702 15,756
Total liabilities 912,619 916,929
Commitments and Contingent Liabilities (See Note L)
Shareholders’ Equity    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2018 – 5,400,065 shares issued; 2017 - 5,362,005 shares issued) 5,400 5,362
Additional paid-in capital 49,477 47,895
Retained earnings 80,844 72,694
Accumulated other comprehensive loss (2,135) (878)
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 117,874 109,361
Total liabilities and shareholders’ equity $ 1,030,493 $ 1,026,290