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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 9,372,000 $ 7,088,000
Interest-bearing deposits in banks 33,353,000 36,984,000
Total cash and cash equivalents 42,725,000 44,072,000
Investment securities available-for-sale, at fair value 179,613,000 198,843,000
Investment securities held-to-maturity, at amortized cost 33,552,000 32,359,000
Federal Home Loan Bank stock, at cost 1,368,000 1,025,000
Loans, net of allowance for loan losses of $3,591 and $3,781, respectively 298,901,000 255,432,000
Premises and equipment, net 14,960,000 12,084,000
Cash surrender value of bank-owned life insurance 14,448,000 14,292,000
Accrued interest receivable 1,804,000 1,833,000
Other real estate owned 5,405,000 6,038,000
Other assets 8,978,000 9,804,000
Total assets 601,754,000 575,782,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 495,618,000 479,258,000
Accrued interest expense 233,000 180,000
Other liabilities 7,026,000 6,960,000
Short-term Debt 5,352,000 7,354,000
Long-term debt 15,000,000 5,000,000
Total liabilities 523,229,000 498,752,000
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 73,000 73,000
Surplus 10,713,000 10,558,000
Accumulated other comprehensive income, net of tax 1,338,000 536,000
Retained earnings 87,231,000 86,693,000
Less treasury stock: 1,290,506 shares at cost (20,817,000) (20,817,000)
Noncontrolling interest (13,000) (13,000)
Total shareholders’ equity 78,525,000 77,030,000
Total liabilities and shareholders’ equity $ 601,754,000 $ 575,782,000