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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 25,746,000 $ 24,600,000
Interest-bearing balances with other financial institutions 4,657,000 4,572,000
Federal funds sold 108,627,000 10,893,000
Total cash and cash equivalents 139,030,000 40,065,000
Investment securities available for sale, at fair value 37,009,000 111,923,000
Investment securities held to maturity, at amortized cost (fair value $137,476 and $166,582) 136,477,000 168,370,000
Loans held for sale 8,422,000 1,702,000
Loans and leases, net of unearned interest 1,762,756,000 1,624,067,000
Less: Allowance for loan and lease losses (9,515,000) (8,397,000)
Net loans and leases 1,753,241,000 1,615,670,000
Bank premises and equipment, net 24,937,000 25,303,000
Operating lease right of use asset 11,442,000  
Finance lease right of use asset 3,447,000  
Cash surrender value of life insurance 16,881,000 16,691,000
Restricted investment in bank stocks 4,902,000 6,646,000
Accrued interest receivable 7,964,000 8,244,000
Deferred income taxes 2,810,000 4,696,000
Goodwill 62,840,000 62,840,000
Core deposit and other intangibles, net 5,758,000 7,221,000
Foreclosed assets held for sale 196,000 1,017,000
Other assets 15,819,000 7,593,000
Total Assets 2,231,175,000 2,077,981,000
LIABILITIES & SHAREHOLDERS’ EQUITY    
Deposits: Noninterest-bearing demand 310,036,000 269,870,000
Deposits: Interest-bearing demand 458,451,000 384,834,000
Deposits: Money Market 488,748,000 375,648,000
Deposits: Savings 177,737,000 209,345,000
Deposits: Time 477,422,000 486,329,000
Total Deposits 1,912,394,000 1,726,026,000
Short-term borrowings 0 43,100,000
Long-term debt 32,903,000 48,024,000
Subordinated debt 27,070,000 27,082,000
Operating lease liability 12,544,000  
Accrued interest payable 2,208,000 2,262,000
Other liabilities 6,182,000 8,278,000
Total Liabilities 1,993,301,000 1,854,772,000
Shareholders' Equity:    
Common stock, par value $1.00; 20,000,000 shares authorized at December 31, 2019; 10,000,000 shares authorized at December 31, 2018; 8,480,938 and 8,459,918 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively 8,481,000 8,460,000
Additional paid-in capital 178,159,000 177,565,000
Retained earnings 50,891,000 39,562,000
Accumulated other comprehensive income (loss) 343,000 (2,378,000)
Total Shareholders’ Equity 237,874,000 223,209,000
Total Liabilities and Shareholders' Equity $ 2,231,175,000 $ 2,077,981,000