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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 24,954 $ 38,286
Interest-earning deposits in other banks 6,725 62,080
Federal funds sold 48 17
Total cash and cash equivalents 31,727 100,383
Available-for-sale debt securities 463,905 535,281
Equity securities 7,254 7,423
Loans, less allowance for credit losses of $9,104 at December 31, 2018 and $8,778 at December 31, 2017 909,591 891,901
Bank premises and equipment, net 8,484 9,398
Bank owned life insurance 28,502 27,807
Federal Home Loan Bank stock 6,843 6,843
Goodwill 53,777 53,777
Core deposit intangibles 2,572 3,027
Accrued interest receivable and other assets 25,181 25,815
Total assets 1,537,836 1,661,655
Deposits:    
Non-interest bearing 550,657 585,039
Interest bearing 731,641 840,648
Total deposits 1,282,298 1,425,687
Short-term borrowings 10,000 0
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 20,645 21,254
Total liabilities 1,318,098 1,452,096
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Preferred stock, no par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 13,754,965 at December 31, 2018 and 13,696,722 at December 31, 2017 103,851 103,314
Retained earnings 120,294 103,419
Accumulated other comprehensive (loss) income, net of tax (4,407) 2,826
Total shareholders’ equity 219,738 209,559
Total liabilities and shareholders’ equity $ 1,537,836 $ 1,661,655