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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and noninterest-bearing deposits with banks $ 11,349 $ 12,664
Interest-bearing deposits with banks 53,770 61,909
Total cash and cash equivalents 65,119 74,573
Certificates of deposit in financial institutions 2,310 1,820
Securities available for sale 104,877 101,125
Securities held to maturity (estimated fair value: 2018 - $17,538; 2017 - $18,079) 17,219 17,581
Restricted investments in bank stocks 7,506 7,506
Total loans 782,377 769,319
Less: Allowance for loan losses (8,315) (7,499)
Net loans 774,062 761,820
Premises and equipment, net 13,856 13,281
Other real estate owned, net 1,332 1,574
Accrued interest receivable 2,862 2,503
Goodwill 7,371 7,371
Other intangible assets, net 410 514
Bank owned life insurance and annuity assets 29,198 28,675
Other assets 7,394 7,947
Total assets 1,033,516 1,026,290
LIABILITIES    
Noninterest-bearing deposits 232,575 253,655
Interest-bearing deposits 620,320 603,069
Total deposits 852,895 856,724
Other borrowed funds 40,514 35,949
Subordinated debentures 8,500 8,500
Accrued liabilities 17,768 15,756
Total liabilities 919,677 916,929
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)
SHAREHOLDERS’ EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2018 - 5,392,859 shares issued; 2017 - 5,362,005 shares issued) 5,393 5,362
Additional paid-in capital 49,208 47,895
Retained earnings 77,982 72,694
Accumulated other comprehensive loss (3,032) (878)
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 113,839 109,361
Total liabilities and shareholders’ equity $ 1,033,516 $ 1,026,290