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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 30,324 $ 30,794
Federal funds sold 64,720 8,317
Total cash and cash equivalents 95,044 39,111
Securities held-to-maturity (fair value of $4,283 in 2020 and $3,861 in 2019) 3,675 3,688
Securities available-for-sale, at fair value 75,628 59,655
Restricted stock, at cost 1,551 1,506
Loans, net of allowance for loan losses of $6,966 in 2020 and $4,829 in 2019 616,581 573,274
Loans held for sale 10,232 4,221
Premises and equipment, net 17,074 16,698
Interest receivable 2,558 1,866
Cash value - bank owned life insurance 16,489 13,686
Other real estate owned 1,405 2,339
Income taxes receivable 396  
Deferred tax asset, net 577 1,177
Other assets 7,919 8,173
Total assets 849,129 725,394
Deposits    
Noninterest bearing demand 147,039 93,936
NOW, money market and savings 450,009 362,821
Time 166,885 192,702
Total deposits 763,933 649,459
Capital notes 10,026 5,000
Income taxes payable   124
Interest payable 140 173
Other liabilities 9,248 9,193
Total liabilities 783,347 663,949
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 September 30, 2020 and December 31, 2019 9,286 9,325
Additional paid-in-capital 30,989 31,225
Retained earnings 23,258 20,900
Accumulated other comprehensive income (loss) 2,249 (5)
Total stockholders' equity 65,782 61,445
Total liabilities and stockholders' equity $ 849,129 $ 725,394