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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 30,669 $ 30,794
Federal funds sold 60,131 8,317
Total cash and cash equivalents 90,800 39,111
Securities held-to-maturity (fair value of $4,283 in 2020 and $3,861 in 2019) 3,679 3,688
Securities available-for-sale, at fair value 55,072 59,655
Restricted stock, at cost 1,551 1,506
Loans, net of allowance for loan losses of $6,193 in 2020 and $4,829 in 2019 623,564 573,274
Loans held for sale 6,098 4,221
Premises and equipment, net 16,622 16,698
Interest receivable 2,505 1,866
Cash value - bank owned life insurance 16,387 13,686
Other real estate owned 1,616 2,339
Deferred tax asset, net 622 1,177
Other assets 8,582 8,173
Total assets 827,098 725,394
Deposits    
Noninterest bearing demand 134,523 93,936
NOW, money market and savings 424,842 362,821
Time 186,621 192,702
Total deposits 745,986 649,459
Capital notes 7,275 5,000
Income taxes payable 107 124
Interest payable 172 173
Other liabilities 9,093 9,193
Total liabilities 762,633 663,949
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 June 30, 2020 and December 31, 2019 9,286 9,325
Additional paid-in-capital 30,989 31,225
Retained earnings 22,109 20,900
Accumulated other comprehensive income (loss) 2,081 (5)
Total stockholders' equity 64,465 61,445
Total liabilities and stockholders' equity $ 827,098 $ 725,394