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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
 [1]
Assets    
Cash and due from banks $ 13,349 $ 9,675
Interest-bearing deposits in banks 108,857 36,110
Securities available for sale, at fair value 117,132 120,983
Securities held to maturity, at amortized cost (fair value, 2020, $15,638; 2019, $17,646) 15,101 17,627
Restricted securities, at cost 1,848 1,806
Loans held for sale 0 167
Loans, net of allowance for loan losses, 2020, $7,777; 2019, $4,934 640,591 569,412
Premises and equipment, net 19,548 19,747
Accrued interest receivable 3,156 2,065
Bank owned life insurance 17,792 17,447
Core deposit intangibles, net 43 170
Other assets 5,316 4,839
Total assets 942,733 800,048
Liabilities    
Noninterest-bearing demand deposits 256,733 189,623
Savings and interest-bearing demand deposits 480,017 399,255
Time deposits 101,645 117,564
Total deposits 838,395 706,442
Subordinated debt 9,987 4,983
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 2,816 2,125
Total liabilities 860,477 722,829
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, 4,858,217 shares; 2019, 4,969,716 shares 6,073 6,212
Surplus 6,081 7,700
Retained earnings 66,670 62,583
Accumulated other comprehensive income, net 3,432 724
Total shareholders’ equity 82,256 77,219
Total liabilities and shareholders’ equity $ 942,733 $ 800,048
[1] Derived from audited consolidated financial statements.