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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 27,315 $ 26,725
Federal funds sold 22,141 23,600
Total cash and cash equivalents 49,456 50,325
Securities held-to-maturity (fair value of $3,938 in 2019 and $3,515 in 2018) 3,690 3,700
Securities available-for-sale, at fair value 54,400 52,727
Restricted stock, at cost 1,506 1,462
Loans, net of allowance for loan losses of $4,773 in 2019 and $4,581 in 2018 551,005 530,016
Loans held for sale 5,630 1,670
Premises and equipment, net 16,578 13,426
Interest receivable 1,755 1,742
Cash value - bank owned life insurance 13,606 13,359
Other real estate owned 2,242 2,430
Income taxes receivable 83 1,102
Deferred tax asset, net 1,085 1,755
Other assets 7,078 1,183
Total assets 708,114 674,897
Deposits    
Noninterest bearing demand 90,426 91,356
NOW, money market and savings 350,885 331,298
Time 191,722 189,389
Total deposits 633,033 612,043
Capital notes 5,000 5,000
Interest payable 167 127
Other liabilities 8,875 2,584
Total liabilities 647,075 619,754
Commitments and Contingencies
Stockholders' equity    
Preferred stock; authorized 1,000,000 shares; none issued and outstanding
Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,378,436 as of September 30, 2019 and December 31, 2018 9,370 9,370
Additional paid-in-capital 31,575 31,495
Retained earnings 19,817 16,521
Accumulated other comprehensive income (loss) 277 (2,243)
Total stockholders' equity 61,039 55,143
Total liabilities and stockholders' equity $ 708,114 $ 674,897