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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 45,221 $ 59,308
Time deposits in other financial institutions 250 250
Cash and cash equivalents 45,471 59,558
Equity securities at fair value (Note 2) 2,462 2,851
Securities available for sale (Note 2) 361,904 339,579
Federal Home Loan Bank stock 3,524 3,524
Federal Reserve Bank stock 2,946 2,934
Loans held for sale 7,385 3,095
Loans to other financial institutions 39,421 51,048
Loans (Note 3) 811,577 802,048
Allowance for loan losses (Note 3) (4,790) (4,057)
Loans, net 806,787 797,991
Premises and equipment, net 24,087 24,265
Other real estate owned, net 926 929
Cash value of life insurance policies 32,171 31,979
Goodwill 52,593 52,870
Core deposit intangible 5,653 6,006
Other assets 13,160 9,499
Total assets 1,398,490 1,386,128
Liabilities    
Deposits - noninterest-bearing 283,434 287,460
Deposits - interest-bearing 889,965 867,142
Total deposits 1,173,399 1,154,602
Advances from Federal Home Loan Bank 23,188 33,198
Other liabilities 6,101 6,189
Total liabilities 1,202,688 1,193,989
Shareholders' Equity    
Preferred stock; shares authorized: 100,000; shares outstanding: none  
Common stock and paid-in capital, no par value; shares authorized: 12,000,000; shares outstanding: 7,249,533 at March 31, 2020 and 7,245,088 at December 31, 2019 162,745 162,610
Retained earnings 29,856 28,051
Accumulated other comprehensive income, net 3,201 1,478
Total shareholders' equity 195,802 192,139
Total liabilities and shareholders' equity $ 1,398,490 $ 1,386,128