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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 85,661 $ 27,064
Interest bearing time deposits 10,542  
Available-for-sale securities 104,289 100,948
Loans held for sale 13,742 7,258
Loans, net of unearned income 901,548 825,510
Allowance for loan losses (10,013) (8,755)
Premises and equipment, net 23,662 23,385
Federal Reserve and Federal Home Loan Bank Stock, at cost 4,837 4,648
Foreclosed assets held for sale, net 382 305
Interest receivable 4,272 3,106
Goodwill 22,117 17,792
Cash value of life insurance 17,375 17,221
Mortgage servicing rights 8,168 11,017
Other assets 16,354 9,078
Total assets 1,202,936 1,038,577
Deposits    
Non interest bearing demand 229,042 158,357
Interest bearing demand 154,143 131,084
Savings 161,182 119,359
Money market 189,380 173,666
Time deposits 256,840 257,753
Total deposits 990,587 840,219
Short term borrowings 23,826 12,945
Federal Home Loan Bank advances 13,000 16,000
Trust preferred securities 10,310 10,310
Interest payable 929 1,191
Other liabilities 26,403 21,818
Total liabilities 1,065,055 902,483
Commitments & Contingent Liabilities
Shareholders’ Equity    
Common stock, no par value; (authorized 10,000,000 shares; 2020 - 8,180,712 shares issued, 2019 - 8,180,712 shares issued) 54,463 54,463
Additional paid-in capital 14,780 15,023
Retained earnings 75,526 72,704
Accumulated other comprehensive income 2,320 659
Treasury stock, at cost; (2020 - 524,834 common shares, 2019 - 417,785 common shares) (9,208) (6,755)
Total shareholders’ equity 137,881 136,094
Total liabilities and shareholders’ equity $ 1,202,936 $ 1,038,577