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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 206,036 $ 140,690
Interest bearing time deposits 3,562 5,823
Available-for-sale securities 177,918 149,406
Loans held for sale 8,689 7,234
Loans, net of unearned income 848,176 872,723
Allowance for loan losses (13,326) (12,574)
Premises and equipment, net 23,233 23,557
Federal Reserve and Federal Home Loan Bank Stock, at cost 5,303 5,303
Foreclosed assets held for sale, net 43 23
Interest receivable 3,371 3,799
Goodwill 22,091 22,091
Cash value of life insurance 17,651 17,530
Mortgage servicing rights 10,490 7,759
Other assets 12,630 14,475
Total assets 1,325,867 1,257,839
Deposits    
Non interest bearing demand 273,026 251,649
Interest bearing demand 191,593 176,785
Savings 218,260 174,864
Money market 249,088 216,164
Time deposits 188,229 229,549
Total deposits 1,120,196 1,049,011
Short-term borrowings 24,321 20,189
Federal Home Loan Bank advances 8,000 8,000
Trust preferred securities 10,310 10,310
Interest payable 489 616
Other liabilities 18,585 26,790
Total liabilities 1,181,901 1,114,916
Commitments & Contingent Liabilities
Shareholders’ Equity    
Preferred stock, no par value; authorized 200,000 shares; 2021 - 0 shares outstanding, 2020 - 0 shares outstanding
Common stock, no par value; authorized 10,000,000 shares; 2021 - 8,180,712 shares issued, 2020 - 8,180,712 shares issued 54,463 54,463
Additional paid-in capital 14,755 14,845
Retained earnings 90,883 84,578
Accumulated other comprehensive income (loss) (457) 2,210
Treasury stock, at cost; (2021 - 938,705 common shares, 2020 - 808,456 common shares) (15,678) (13,173)
Total shareholders’ equity 143,966 142,923
Total liabilities and shareholders’ equity $ 1,325,867 $ 1,257,839