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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 12,515 $ 11,082
Interest-bearing deposits with other institutions 22,610 12,139
Federal funds sold 156 0
Total cash and cash equivalents 35,281 23,221
Securities available for sale, at fair value 119,262 105,823
Restricted investments 1,068 1,896
Loans 516,942 495,573
Allowance for loan losses (4,505) (4,959)
Net Loans 512,437 490,614
Bank premises and equipment, net 20,169 20,964
Other real estate owned, net of allowance 370 571
Other assets 11,562 10,183
Total assets 700,149 653,272
Liabilities and Shareholders’ Equity    
Noninterest bearing demand deposits 208,948 186,133
Savings and interest bearing demand deposits 306,847 272,214
Time deposits 88,082 92,371
Total deposits 603,877 550,718
Federal Home Loan Bank advances 0 20,000
Other liabilities 16,856 4,333
Total liabilities 620,733 575,051
Shareholders’ Equity    
Preferred stock, $10 par value; 500,000 shares authorized and unissued 0 0
Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2016, 3,468,243 including 14,901 unvested restricted stock; issued and outstanding 2015, 3,517,648 including 14,401 unvested restricted stock 8,633 8,758
Surplus 12,642 13,730
Retained earnings 58,165 54,682
Accumulated other comprehensive (loss) income (24) 1,051
Total shareholders’ equity 79,416 78,221
Total liabilities and shareholders’ equity $ 700,149 $ 653,272