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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks, including reserve requirements of $0 at 3/31/20 and $13,210 at 12/31/19 $ 46,164 $ 48,337
Interest-bearing deposits 20,705 720
Federal funds sold 36,650 3,330
Cash and cash equivalents 103,519 52,387
Investment securities available for sale 201,514 195,746
Other investments 7,229 4,231
Total securities 208,743 199,977
Mortgage loans held for sale 6,149 4,417
Loans 880,564 849,874
Less allowance for loan losses (8,112) (6,680)
Net loans 872,452 843,194
Premises and equipment, net 18,370 18,604
Cash surrender value of life insurance 16,414 16,319
Right of use lease asset 3,427 3,622
Accrued interest receivable and other assets 15,753 16,362
Total assets 1,244,827 1,154,882
Deposits:    
Noninterest-bearing demand 349,513 338,004
NOW, MMDA & savings 535,366 516,757
Time, $250,000 or more 22,725 34,269
Other time 76,354 77,487
Total deposits 983,958 966,517
Securities sold under agreements to repurchase 28,535 24,221
FHLB borrowings 70,000 0
Junior subordinated debentures 15,464 15,619
Lease liability 3,458 3,647
Accrued interest payable and other liabilities 9,556 10,758
Total liabilities 1,110,971 1,020,762
Commitments
Shareholders' equity:    
Series A preferred stock, $1,000 stated value; authorized 5,000,000 shares; no shares issued and outstanding 0 0
Common stock, no par value; authorized 20,000,000 shares; issued and outstanding 5,787,504 shares at March 31, 2020 and 5,912,300 shares at December 31, 2019 56,871 59,813
Retained earnings 71,251 70,663
Accumulated other comprehensive income 5,734 3,644
Total shareholders' equity 133,856 134,120
Total liabilities and shareholders' equity $ 1,244,827 $ 1,154,882