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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 27,064 $ 48,363
Available-for-sale securities 100,948 90,969
Loans held for sale 7,258 4,445
Loans, net of unearned income 825,510 771,883
Allowance for loan losses (8,755) (8,167)
Premises and equipment, net 23,385 22,084
Federal Reserve and Federal Home Loan Bank Stock, at cost 4,648 4,123
Foreclosed assets held for sale, net 305 131
Interest receivable 3,106 2,822
Goodwill and other intangibles 17,832 16,401
Cash value of life insurance 17,221 16,834
Mortgage servicing rights 11,017 11,365
Other assets 9,038 5,575
Total assets 1,038,577 986,828
Deposits    
Non interest bearing demand 158,357 144,592
Interest bearing demand 131,084 130,628
Savings 119,359 104,444
Money market 173,666 181,426
Time deposits 257,753 241,462
Total deposits 840,219 802,552
Repurchase agreements 12,945 15,184
Federal Home Loan Bank advances 16,000 16,000
Trust preferred securities 10,310 10,310
Interest payable 1,191 909
Other liabilities 21,818 11,438
Total liabilities 902,483 856,393
Commitments & Contingent Liabilities
Shareholders’ Equity    
Preferred stock, no par value; authorized 200,000 shares; 2019 - 0 shares outstanding, 2018 - 14,995 shares outstanding 13,979
Common stock, no par value; authorized 10,000,000 shares; 2019 - 8,180,712 shares issued, 2018 - 6,694,598 shares issued 54,463 40,485
Additional paid-in capital 15,023 15,226
Retained earnings 72,704 64,012
Accumulated other comprehensive income (loss) 659 (552)
Treasury stock, at cost; (2019 - 417,785 common shares, 2018 - 191,348 common shares) (6,755) (2,715)
Total shareholders’ equity 136,094 130,435
Total liabilities and shareholders’ equity $ 1,038,577 $ 986,828