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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 5,701 $ 7,018
Interest-bearing deposits in banks 27,204 16,512
Total cash and cash equivalents 32,905 23,530
Investment securities available-for-sale, at fair value 183,858 181,910
Investment securities held-to-maturity, at amortized cost 29,639 25,904
Federal Home Loan Bank stock, at cost 1,609 1,581
Loans, net of allowance for loan losses of $4,879 and $4,856, respectively 317,677 322,772
Premises and equipment, net 22,192 18,340
Cash surrender value of bank-owned life insurance 14,683 14,603
Accrued interest receivable 1,924 1,987
Other real estate owned 4,587 4,858
Other assets 10,753 11,407
Total assets 619,827 606,892
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 509,078 497,556
Accrued interest expense 229 241
Other liabilities 7,473 7,735
Short-term borrowings 10,750 10,119
Long-term debt 15,000 15,000
Total liabilities 542,530 530,651
Commitments and contingencies
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,341,061 and 7,329,060 shares issued, respectively; 6,055,103 and 6,043,102 shares outstanding 73 73
Surplus 10,826 10,786
Accumulated other comprehensive loss, net of tax (543) (1,277)
Retained earnings 87,717 87,434
Less treasury stock: 1,285,958 shares at cost (20,764) (20,764)
Noncontrolling interest (12) (11)
Total shareholders’ equity 77,297 76,241
Total liabilities and shareholders’ equity $ 619,827 $ 606,892