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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 12,358 $ 10,578
Interest-bearing deposits with other institutions 5,995 22,094
Federal funds sold 0 3,176
Total cash and cash equivalents 18,353 35,848
Securities available for sale, at fair value 144,298 132,566
Restricted investments 1,170 1,107
Loans 606,827 568,817
Allowance for loan losses (5,456) (4,411)
Net Loans 601,371 564,406
Bank premises and equipment, net 19,083 19,579
Other real estate owned, net of allowance 106 106
Other assets 15,236 12,139
Total assets 799,617 765,751
Liabilities and Shareholders’ Equity    
Noninterest bearing demand deposits 251,184 234,990
Savings and interest bearing demand deposits 336,778 322,948
Time deposits 115,142 105,476
Total deposits 703,104 663,414
Federal funds purchased 1,871 0
Other liabilities 7,043 18,520
Total liabilities 712,018 681,934
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 2018, 3,445,914 including 16,701 unvested restricted stock; issued and outstanding 2017, 3,449,027 including 14,401 unvested restricted stock 8,573 8,587
Surplus 11,992 12,075
Retained earnings 68,587 62,845
Accumulated other comprehensive (loss) income (1,553) 310
Total shareholders’ equity 87,599 83,817
Total liabilities and shareholders’ equity $ 799,617 $ 765,751