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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 33,787 $ 24,954
Interest-earning deposits in other banks 14,739 6,725
Federal funds sold 77 48
Total cash and cash equivalents 48,603 31,727
Available-for-sale debt securities 476,211 463,905
Equity securities 7,458 7,254
Loans, less allowance for credit losses of $9,405 at June 30, 2019 and $9,104 at December 31, 2018 950,806 909,591
Bank premises and equipment, net 7,742 8,484
Bank-owned life insurance 29,863 28,502
Federal Home Loan Bank stock 6,062 6,843
Goodwill 53,777 53,777
Core deposit intangibles 2,225 2,572
Accrued interest receivable and other assets 30,480 25,181
Total assets 1,613,227 1,537,836
Deposits:    
Non-interest bearing 558,000 550,657
Interest bearing 736,087 731,641
Total deposits 1,294,087 1,282,298
Short-term borrowings 54,000 10,000
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 28,305 20,645
Total liabilities 1,381,547 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: 13,488,983 at June 30, 2019 and 13,754,965 at December 31, 2018 98,210 103,851
Retained earnings 128,723 120,294
Accumulated other comprehensive income (loss), net of tax 4,747 (4,407)
Total shareholders’ equity 231,680 219,738
Total liabilities and shareholders’ equity $ 1,613,227 $ 1,537,836