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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 14,951 $ 14,328
Interest-bearing bank balances 32,741 17,883
Federal funds sold and securities purchased under agreements to resell 57
Investment securities - held-to-maturity 16,174
Investment securities - available-for-sale 286,800 237,893
Other investments, at cost 1,992 1,955
Loans held for sale 11,155 3,223
Loans 737,028 718,462
Less, allowance for loan losses 6,627 6,263
Net loans 730,401 712,199
Property, furniture and equipment - net 35,008 34,987
Right-of-use asset 3,215
Premises held-for-sale 591
Bank owned life insurance 28,041 25,754
Other real estate owned 1,410 1,460
Intangible assets 1,483 2,006
Goodwill 14,637 14,637
Other assets 7,853 9,039
Total assets 1,170,279 1,091,595
Deposits:    
Non-interest bearing 289,828 244,686
Interest bearing 698,372 680,837
Total deposits 988,201 925,523
Securities sold under agreements to repurchase 33,296 28,022
Federal Home Loan Bank advances 211 231
Junior subordinated debt 14,964 14,964
Lease liability 3,266
Other liabilities 10,147 10,358
Total liabilities 1,050,085 979,098
SHAREHOLDERS' EQUITY    
Preferred stock, par value $1.00 per share; 10,000,000 shares authorized; 0 issued and outstanding
Common stock, par value $1.00 per share; 20,000,000 shares authorized at December 31, 2019 and 10,000,000 shares authorized at December 31, 2018; issued and outstanding 7,440,026 at December 31, 2019 and 7,638,681 at December 31, 2018 7,440 7,639
Common stock warrants issued 31
Nonvested restricted stock (151) (149)
Additional paid in capital 90,488 95,048
Retained earnings (deficit) 19,927 12,262
Accumulated other comprehensive income (loss) 2,490 (2,334)
Total shareholders' equity 120,194 112,497
Total liabilities and shareholders' equity $ 1,170,279 $ 1,091,595