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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and noninterest-bearing deposits with banks $ 11,177 $ 9,315
Interest-bearing deposits with banks 52,983 21,662
Total cash and cash equivalents 64,160 30,977
Certificates of deposit in financial institutions 1,715 980
Securities available for sale 87,891 85,236
Securities held to maturity (estimated fair value: 2015 - $22,110; 2014 - $23,570) 21,433 22,820
Federal Home Loan Bank and Federal Reserve Bank stock 6,576 6,576
Total loans 585,168 594,768
Less: Allowance for loan losses (6,902) (8,334)
Net loans 578,266 586,434
Premises and equipment, net 10,112 9,195
Other real estate owned 1,624 1,525
Accrued interest receivable 1,896 1,806
Goodwill 1,267 1,267
Bank owned life insurance and annuity assets 26,097 25,612
Other assets 7,429 6,240
Total assets 808,466 778,668
LIABILITIES    
Noninterest-bearing deposits 166,133 161,794
Interest-bearing deposits 505,331 485,036
Total deposits 671,464 646,830
Other borrowed funds 24,257 24,972
Subordinated debentures 8,500 8,500
Accrued liabilities 14,290 12,150
Total liabilities $ 718,511 $ 692,452
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)
SHAREHOLDERS’ EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 4,777,414 shares issued) $ 4,777 $ 4,777
Additional paid-in capital 35,318 35,318
Retained earnings 64,748 60,873
Accumulated other comprehensive income 824 960
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 89,955 86,216
Total liabilities and shareholders’ equity $ 808,466 $ 778,668