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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 8,705 $ 7,018
Interest-bearing deposits in banks 23,849 16,512
Total cash and cash equivalents 32,554 23,530
Investment securities available-for-sale, at fair value 158,425 181,910
Investment securities held-to-maturity, at amortized cost 27,377 25,904
Federal Home Loan Bank stock, at cost 1,396 1,581
Loans, net of allowance for loan losses of $4,808 and $4,856, respectively 338,026 322,772
Premises and equipment, net 26,242 18,340
Cash surrender value of bank-owned life insurance 14,843 14,603
Accrued interest receivable 1,877 1,987
Other real estate owned 3,819 4,858
Other assets 10,040 11,407
Total assets 614,599 606,892
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 508,385 497,556
Accrued interest expense 281 241
Other liabilities 6,444 7,735
Short-term borrowings 10,635 10,119
Long-term debt 10,000 15,000
Total liabilities 535,745 530,651
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; 6,077,354 and 6,043,102 shares outstanding, respectively 73 73
Surplus 10,657 10,786
Accumulated other comprehensive income (loss), net of tax 25 (1,277)
Retained earnings 88,525 87,434
Less treasury stock: 1,264,202 and 1,285,958 shares at cost, respectively (20,414) (20,764)
Noncontrolling interest (12) (11)
Total shareholders’ equity 78,854 76,241
Total liabilities and shareholders’ equity $ 614,599 $ 606,892