XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and noninterest-bearing deposits with banks $ 11,498 $ 12,512
Interest-bearing deposits with banks 100,419 27,654
Total cash and cash equivalents 111,917 40,166
Certificates of deposit in financial institutions 1,425 1,670
Securities available for sale 103,172 96,490
Securities held to maturity (estimated fair value: 2017 - $19,376; 2016 - $19,171) 18,827 18,665
Restricted investments in bank stocks 7,506 7,506
Total loans 738,861 734,901
Less: Allowance for loan losses (7,315) (7,699)
Net loans 731,546 727,202
Premises and equipment, net 13,468 12,783
Other real estate owned 2,049 2,129
Accrued interest receivable 2,299 2,315
Goodwill 7,371 7,801
Other intangible assets, net 629 670
Bank owned life insurance and annuity assets 29,347 29,349
Other assets 7,176 7,894
Total assets 1,036,732 954,640
LIABILITIES    
Noninterest-bearing deposits 287,130 209,576
Interest-bearing deposits 580,773 580,876
Total deposits 867,903 790,452
Other borrowed funds 39,285 37,085
Subordinated debentures 8,500 8,500
Accrued liabilities 13,393 14,075
Total liabilities 929,081 850,112
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)
SHAREHOLDERS’ EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2017 - 5,340,622 shares issued; 2016 - 5,325,504 shares issued) 5,341 5,326
Additional paid-in capital 47,201 46,788
Retained earnings 71,354 69,117
Accumulated other comprehensive loss (533) (991)
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 107,651 104,528
Total liabilities and shareholders’ equity $ 1,036,732 $ 954,640