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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 24,195 $ 24,954
Interest-earning deposits in other banks 28,379 6,773
Total cash and cash equivalents 52,574 31,727
Available-for-sale debt securities 470,746 463,905
Equity securities 7,472 7,254
Loans, less allowance for credit losses of $9,130 at December 31, 2019 and $9,104 at December 31, 2018 934,250 909,591
Bank premises and equipment, net 7,618 8,484
Bank owned life insurance 30,230 28,502
Federal Home Loan Bank stock 6,062 6,843
Goodwill 53,777 53,777
Core deposit intangibles 1,878 2,572
Accrued interest receivable and other assets 32,148 25,181
Total assets 1,596,755 1,537,836
Deposits:    
Non-interest bearing 594,627 550,657
Interest bearing 738,658 731,641
Total deposits 1,333,285 1,282,298
Short-term borrowings 0 10,000
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 30,187 20,645
Total liabilities 1,368,627 1,318,098
Commitments and contingencies (Note 13)
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: 13,052,407 at December 31, 2019 and 13,754,965 at December 31, 2018 89,379 103,851
Retained earnings 135,932 120,294
Accumulated other comprehensive income (loss), net of tax 2,817 (4,407)
Total shareholders’ equity 228,128 219,738
Total liabilities and shareholders’ equity $ 1,596,755 $ 1,537,836