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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 31,656 $ 30,794
Federal funds sold 32,541 8,317
Total cash and cash equivalents 64,197 39,111
Securities held-to-maturity (fair value of $4,223 in 2020 and $3,861 in 2019) 3,683 3,688
Securities available-for-sale, at fair value 54,992 59,655
Restricted stock, at cost 1,506 1,506
Loans, net of allowance for loan losses of $5,474 in 2020 and $4,829 in 2019 570,659 573,274
Loans held for sale 6,134 4,221
Premises and equipment, net 16,493 16,698
Interest receivable 1,922 1,866
Cash value - bank owned life insurance 16,278 13,686
Other real estate owned 1,761 2,339
Deferred tax asset, net 788 1,177
Other assets 7,642 8,173
Total assets 746,055 725,394
Deposits    
Noninterest bearing demand 97,104 93,936
NOW, money market and savings 377,507 362,821
Time 193,659 192,702
Total deposits 668,270 649,459
Capital notes 5,000 5,000
Income taxes payable 347 124
Interest payable 176 173
Other liabilities 8,934 9,193
Total liabilities 682,727 663,949
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 4,339,436 and 4,357,436 as of March 31, 2020 and December 31, 2019 9,286 9,325
Additional paid-in-capital 30,989 31,225
Retained earnings 21,591 20,900
Accumulated other comprehensive income (loss) 1,462 (5)
Total stockholders' equity 63,328 61,445
Total liabilities and stockholders' equity $ 746,055 $ 725,394