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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Cash and due from banks $ 7,018 $ 7,088
Interest-bearing deposits in banks 16,512 36,984
Total cash and cash equivalents 23,530 44,072
Investment securities available-for-sale, at fair value 181,910 198,843
Investment securities held-to-maturity, at amortized cost 25,904 32,359
Federal Home Loan Bank stock, at cost 1,581 1,025
Loans, net of allowance for loan losses of $4,856 and $3,781, respectively 322,772 255,432
Premises and equipment, net of accumulated depreciation of $19,490 and $19,333, respectively 18,340 12,084
Cash surrender value of bank-owned life insurance 14,603 14,292
Accrued interest receivable 1,987 1,833
Other real estate owned 4,858 6,038
Other assets 11,407 9,804
Total assets 606,892 575,782
Deposits:    
Non-interest-bearing 75,995 69,908
Interest-bearing 421,561 409,350
Total deposits 497,556 479,258
Accrued interest expense 241 180
Other liabilities 7,735 6,960
Short-term borrowings 10,119 7,354
Long-term debt 15,000 5,000
Total liabilities 530,651 498,752
Commitments and contingencies
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,329,060 shares issued; 6,043,102 and 6,038,554 shares outstanding, respectively 73 73
Surplus 10,786 10,558
Accumulated other comprehensive income (loss), net of tax (1,277) 536
Retained earnings 87,434 86,693
Less treasury stock: 1,285,958 and 1,290,506 shares at cost, respectively (20,764) (20,817)
Noncontrolling interest (11) (13)
Total shareholders’ equity 76,241 77,030
Total liabilities and shareholders’ equity $ 606,892 $ 575,782