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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 7,088 $ 9,697
Interest-bearing deposits in banks 36,984 24,469
Total cash and cash equivalents 44,072 34,166
Investment securities available-for-sale, at fair value 198,843 204,966
Investment securities held-to-maturity, at amortized cost 32,359 29,120
Federal Home Loan Bank stock, at cost 1,025 738
Loans, net of allowance for loan losses of $3,781 and $6,168, respectively 255,432 259,516
Premises and equipment, net of accumulated depreciation of $19,333 and $18,688, respectively 12,084 9,764
Cash surrender value of bank-owned life insurance 14,292 13,975
Accrued interest receivable 1,833 2,235
Other real estate owned 6,038 7,735
Other assets 9,804 10,394
Total assets 575,782 572,609
Deposits:    
Non-interest-bearing 69,908 67,085
Interest-bearing 409,350 416,574
Total deposits 479,258 483,659
Accrued interest expense 180 221
Other liabilities 7,674 8,131
Short-term borrowings 7,354 436
Long-term debt 5,000 5,000
Total liabilities $ 499,466 $ 497,447
Commitments and contingencies
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,329,060 shares issued; 6,038,554 and 6,034,059 shares outstanding, respectively $ 73 $ 73
Surplus 9,844 9,577
Accumulated other comprehensive income, net of tax 536 1,829
Retained earnings 86,693 84,582
Less treasury stock: 1,290,506 and 1,295,001 shares at cost, respectively (20,817) (20,886)
Noncontrolling interest (13) (13)
Total shareholders’ equity 76,316 75,162
Total liabilities and shareholders’ equity $ 575,782 $ 572,609