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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 8,479 $ 7,088
Interest-bearing deposits in banks 22,007 36,984
Total cash and cash equivalents 30,486 $ 44,072
Federal funds sold 3,000
Investment securities available-for-sale, at fair value 199,488 $ 198,843
Investment securities held-to-maturity, at amortized cost 31,978 32,359
Federal Home Loan Bank stock, at cost 730 1,025
Loans, net of allowance for loan losses of $3,375 and $3,781, respectively 263,975 255,432
Premises and equipment, net 15,058 12,084
Cash surrender value of bank-owned life insurance 14,370 14,292
Accrued interest receivable 1,756 1,833
Other real estate owned 5,356 6,038
Other assets 9,385 9,804
Total assets 575,582 575,782
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 485,537 479,258
Accrued interest expense 179 180
Other liabilities 6,693 6,960
Short-term borrowings 446 7,354
Long-term debt 5,000 5,000
Total liabilities $ 497,855 $ 498,752
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 shares outstanding $ 73 $ 73
Surplus 10,649 10,558
Accumulated other comprehensive income, net of tax 946 536
Retained earnings 86,889 86,693
Less treasury stock: 1,290,506 shares at cost (20,817) (20,817)
Noncontrolling interest (13) (13)
Total shareholders’ equity 77,727 77,030
Total liabilities and shareholders’ equity $ 575,582 $ 575,782