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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 29,762 $ 24,954
Interest-earning deposits in other banks 2,404 6,725
Federal funds sold 69 48
Total cash and cash equivalents 32,235 31,727
Available-for-sale debt securities 479,622 463,905
Equity securities 7,346 7,254
Loans, less allowance for credit losses of $9,118 at March 31, 2019 and $9,104 at December 31, 2018 912,692 909,591
Bank premises and equipment, net 8,096 8,484
Bank-owned life insurance 29,673 28,502
Federal Home Loan Bank stock 6,843 6,843
Goodwill 53,777 53,777
Core deposit intangibles 2,399 2,572
Accrued interest receivable and other assets 31,554 25,181
Total assets 1,564,237 1,537,836
Deposits:    
Non-interest bearing 550,410 550,657
Interest bearing 742,154 731,641
Total deposits 1,292,564 1,282,298
Short-term borrowings 7,000 10,000
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 32,063 20,645
Total liabilities 1,336,782 1,318,098
Commitments and contingencies (Note 7)
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: 13,680,930 at March 31, 2019 and 13,754,965 at December 31, 2018 102,395 103,851
Retained earnings 124,138 120,294
Accumulated other comprehensive income (loss), net of tax 922 (4,407)
Total shareholders’ equity 227,455 219,738
Total liabilities and shareholders’ equity $ 1,564,237 $ 1,537,836