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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 7,577 $ 7,018
Interest-bearing deposits in banks 19,547 16,512
Total cash and cash equivalents 27,124 23,530
Federal funds sold 15,000
Investment securities available-for-sale, at fair value 153,871 181,910
Investment securities held-to-maturity, at amortized cost 26,279 25,904
Federal Home Loan Bank stock, at cost 1,609 1,581
Loans, net of allowance for loan losses of $4,774 and $4,856, respectively 346,121 322,772
Premises and equipment, net of accumulated depreciation of $20,304 and $19,490, respectively 26,433 18,340
Cash surrender value of bank-owned life insurance 14,923 14,603
Accrued interest receivable 2,057 1,987
Other real estate owned 3,792 4,858
Other assets 8,372 11,407
Total assets 625,581 606,892
Deposits:    
Non-interest-bearing 81,831 75,995
Interest-bearing 435,248 421,561
Total deposits 517,079 497,556
Accrued interest expense 381 241
Other liabilities 6,319 7,735
Short-term borrowings 15,594 10,119
Long-term debt 10,000 15,000
Total liabilities 549,373 530,651
Commitments and contingencies
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,345,946 and 7,329,060 shares issued, respectively; 6,081,744 and 6,043,102 shares outstanding, respectively 73 73
Surplus 10,755 10,786
Accumulated other comprehensive income (loss), net of tax (868) (1,277)
Retained earnings 86,673 87,434
Less treasury stock: 1,264,202 and 1,285,958 shares at cost, respectively (20,414) (20,764)
Noncontrolling interest (11) (11)
Total shareholders’ equity 76,208 76,241
Total liabilities and shareholders’ equity $ 625,581 $ 606,892