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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 66,541 $ 59,308
Time deposits in other financial institutions 250 250
Cash and cash equivalents 66,791 59,558
Equity securities at fair value (Note 2) 2,905 2,851
Securities available for sale (Note 2) 372,525 339,579
Federal Home Loan Bank stock 3,524 3,524
Federal Reserve Bank stock 2,947 2,934
Loans held for sale 10,860 3,095
Loans to other financial institutions 49,895 51,048
Loans (Note 3) 907,993 802,048
Allowance for loan losses (Note 3) (5,750) (4,057)
Loans, net 902,243 797,991
Premises and equipment, net 23,779 24,265
Other real estate owned, net 854 929
Cash value of life insurance policies 32,363 31,979
Goodwill 52,593 52,870
Core deposit intangible 5,299 6,006
Other assets 18,501 9,499
Total assets 1,545,079 1,386,128
Liabilities    
Deposits – noninterest-bearing 392,086 287,460
Deposits – interest-bearing 932,222 867,142
Total deposits 1,324,308 1,154,602
Borrowings 10,179 33,198
Other liabilities 7,969 6,189
Total liabilities 1,342,456 1,193,989
Shareholders' Equity    
Preferred stock; shares authorized: 100,000; shares outstanding: none 0 0
Common stock and paid-in capital, no par value; shares authorized: 12,000,000; shares outstanding: 7,261,605 at June 30, 2020 and 7,245,088 at December 31, 2019 162,862 162,610
Retained earnings 32,835 28,051
Accumulated other comprehensive income, net 6,926 1,478
Total shareholders’ equity 202,623 192,139
Total liabilities and shareholders’ equity $ 1,545,079 $ 1,386,128