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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 17,717 $ 9,675
Interest-bearing deposits in banks 90,562 36,110
Securities available for sale, at fair value 123,193 120,983
Securities held to maturity, at amortized cost (fair value, 2020, $16,737; 2019, $17,646) 16,211 17,627
Restricted securities, at cost 1,848 1,806
Loans held for sale 170 167
Loans, net of allowance for loan losses, 2020, $6,296; 2019, $4,934 645,220 569,412
Premises and equipment, net 19,792 19,747
Accrued interest receivable 3,863 2,065
Bank owned life insurance 17,661 17,447
Core deposit intangibles, net 76 170
Other assets 5,777 4,839
Total assets 942,090 800,048
Liabilities    
Noninterest-bearing demand deposits 253,974 189,623
Savings and interest-bearing demand deposits 470,764 399,255
Time deposits 114,277 117,564
Total deposits 839,015 706,442
Subordinated debt 9,982 4,983
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 3,026 2,125
Total liabilities 861,302 722,829
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, par value $1.25 per share; authorized 1,000,000 shares; none issued and outstanding 0 0
Common stock, par value $1.25 per share; authorized 8,000,000 shares; issued and outstanding, 2020, 4,852,187 shares; 2019, 4,969,716 shares 6,065 6,212
Surplus 5,967 7,700
Retained earnings 65,451 62,583
Accumulated other comprehensive income, net 3,305 724
Total shareholders’ equity 80,788 77,219
Total liabilities and shareholders’ equity $ 942,090 $ 800,048