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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
[1]
Assets    
Cash and due from banks $ 11,885 $ 13,378
Interest-bearing deposits in banks 18,488 15,240
Securities available for sale, at fair value 114,568 99,857
Securities held to maturity, at amortized cost (fair value, 2019, $18,259; 2018, $42,394) 18,222 43,408
Restricted securities, at cost 1,806 1,688
Loans held for sale 1,098 419
Loans, net of allowance for loan losses, 2019, $4,912; 2018, $5,009 566,341 537,847
Premises and equipment, net 19,946 20,066
Accrued interest receivable 2,053 2,113
Bank owned life insurance 17,324 13,991
Core deposit intangibles, net 231 472
Other assets 5,231 4,490
Total assets 777,193 752,969
Liabilities    
Noninterest-bearing demand deposits 189,797 181,964
Savings and interest-bearing demand deposits 376,047 369,383
Time deposits 119,777 119,219
Total deposits 685,621 670,566
Subordinated debt 4,978 4,965
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 1,999 1,485
Total liabilities 701,877 686,295
Shareholders’ Equity    
Preferred stock, par value $1.25 per share; authorized 1,000,000 shares; none issued and outstanding
Common stock, par value $1.25 per share; authorized 8,000,000 shares; issued and outstanding, 2019, 4,968,277 shares; 2018, 4,957,694 shares 6,210 6,197
Surplus 7,648 7,471
Retained earnings 60,314 54,814
Accumulated other comprehensive income (loss), net 1,144 (1,808)
Total shareholders’ equity 75,316 66,674
Total liabilities and shareholders’ equity $ 777,193 $ 752,969
[1] Derived from audited consolidated financial statements.