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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and noninterest-bearing deposits with banks $ 15,884 $ 14,989
Interest-bearing deposits with banks 160,536 123,314
Total cash and cash equivalents 176,420 138,303
Certificates of deposit in financial institutions 2,255 2,500
Securities available for sale 126,394 112,322
Securities held to maturity (estimated fair value: 2021 - $11,376; 2020 - $10,344) 11,137 10,020
Restricted investments in bank stocks 7,506 7,506
Total loans 831,050 848,664
Less: Allowance for loan losses (6,887) (7,160)
Net loans 824,163 841,504
Premises and equipment, net 21,127 21,312
Premises and equipment held for sale, net 633 637
Other real estate owned, net 0 49
Accrued interest receivable 3,257 3,319
Goodwill 7,319 7,319
Other intangible assets, net 99 112
Bank owned life insurance and annuity assets 36,247 35,999
Operating lease right-of-use asset, net 1,133 880
Other assets 7,494 5,150
Total assets 1,225,184 1,186,932
LIABILITIES    
Noninterest-bearing deposits 327,976 314,777
Interest-bearing deposits 704,652 678,962
Total deposits 1,032,628 993,739
Other borrowed funds 26,691 27,863
Subordinated debentures 8,500 8,500
Operating lease liability 1,133 880
Accrued liabilities 18,492 19,626
Total liabilities 1,087,444 1,050,608
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)
SHAREHOLDERS' EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2021 - 5,447,185 shares issued; 2020 - 5,447,185 shares issued) 5,447 5,447
Additional paid-in capital 51,165 51,165
Retained earnings 95,514 92,988
Accumulated other comprehensive income 1,326 2,436
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders' equity 137,740 136,324
Total liabilities and shareholders' equity $ 1,225,184 $ 1,186,932