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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
[1]
Assets    
Cash and due from banks $ 11,940 $ 13,115
Interest-bearing deposits in banks 164,322 114,182
Securities available for sale, at fair value 159,742 140,225
Securities held to maturity, at amortized cost (fair value, 2021, $13,843; 2020, $14,743) 13,424 14,234
Restricted securities, at cost 1,631 1,875
Loans held for sale 245
Loans, net of allowance for loan losses, 2021, $7,486; 2020, $7,485 630,716 622,429
Premises and equipment, net 19,087 19,319
Accrued interest receivable 2,609 2,717
Bank owned life insurance 18,029 17,916
Core deposit intangibles, net 5 19
Other assets 6,625 4,656
Total assets 1,028,130 950,932
Liabilities    
Noninterest-bearing demand deposits 292,280 263,229
Savings and interest-bearing demand deposits 526,012 479,035
Time deposits 97,765 100,197
Total deposits 916,057 842,461
Subordinated debt 9,992 9,991
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 6,876 4,285
Total liabilities 942,204 866,016
Commitments and contingencies
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, 2021, 4,868,462 shares; 2020, 4,860,399 shares 6,086 6,075
Surplus 6,214 6,151
Retained earnings 71,144 69,292
Accumulated other comprehensive income, net 2,482 3,398
Total shareholders’ equity 85,926 84,916
Total liabilities and shareholders’ equity $ 1,028,130 $ 950,932
[1] Derived from audited consolidated financial statements.