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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 6,740 $ 7,018
Interest-bearing deposits in banks 19,987 16,512
Total cash and cash equivalents 26,727 23,530
Investment securities available-for-sale, at fair value 172,287 181,910
Investment securities held-to-maturity, at amortized cost 28,544 25,904
Federal Home Loan Bank stock, at cost 1,396 1,581
Loans, net of allowance for loan losses of $4,905 and $4,856, respectively 330,526 322,772
Premises and equipment, net 25,694 18,340
Cash surrender value of bank-owned life insurance 14,763 14,603
Accrued interest receivable 1,820 1,987
Other real estate owned 4,351 4,858
Other assets 10,110 11,407
Total assets 616,218 606,892
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 509,245 497,556
Accrued interest expense 253 241
Other liabilities 7,655 7,735
Short-term borrowings 10,692 10,119
Long-term debt 10,000 15,000
Total liabilities 537,845 530,651
Commitments and contingencies
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,341,556 and 7,329,060 shares issued, respectively; 6,072,758 and 6,043,102 shares outstanding, respectively 73 73
Surplus 10,636 10,786
Accumulated other comprehensive income (loss), net of tax 151 (1,277)
Retained earnings 88,011 87,434
Less treasury stock: 1,268,798 and 1,285,958 shares at cost, respectively (20,486) (20,764)
Noncontrolling interest (12) (11)
Total shareholders’ equity 78,373 76,241
Total liabilities and shareholders’ equity $ 616,218 $ 606,892