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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 94,641 $ 27,064
Interest bearing time deposits 8,956  
Available-for-sale securities 130,315 100,948
Loans held for sale 13,943 7,258
Loans, net of unearned income 885,850 825,510
Allowance for loan losses (11,793) (8,755)
Premises and equipment, net 23,785 23,385
Federal Reserve and Federal Home Loan Bank Stock, at cost 5,303 4,648
Foreclosed assets held for sale, net 76 305
Interest receivable 4,159 3,106
Goodwill 22,091 17,792
Cash value of life insurance 17,453 17,221
Mortgage servicing rights 8,535 11,017
Other assets 14,927 9,078
Total assets 1,218,241 1,038,577
Deposits    
Non interest bearing demand 225,003 158,357
Interest bearing demand 164,248 131,084
Savings 169,474 119,359
Money market 204,862 173,666
Time deposits 250,428 257,753
Total deposits 1,014,015 840,219
Short term borrowings 20,710 12,945
Federal Home Loan Bank advances 8,000 16,000
Trust preferred securities 10,310 10,310
Interest payable 946 1,191
Other liabilities 22,913 21,818
Total liabilities 1,076,894 902,483
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 14,782 15,023
Retained earnings 80,012 72,704
Accumulated other comprehensive income 2,221 659
Treasury stock, at cost; (2020 - 599,440 common shares, 2019 - 417,785 common shares) (10,131) (6,755)
Total shareholders’ equity 141,347 136,094
Total liabilities and shareholders’ equity $ 1,218,241 $ 1,038,577