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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 7,806 $ 7,577
Interest-bearing deposits in banks 26,667 19,547
Total cash and cash equivalents 34,473 27,124
Federal funds sold 15,000
Investment securities available-for-sale, at fair value 156,642 153,871
Investment securities held-to-maturity, at amortized cost 25,300 26,279
Federal Home Loan Bank stock, at cost 1,413 1,609
Loans, net of allowance for loan losses of $4,829 and $4,774, respectively 353,805 346,121
Premises and equipment, net 26,197 26,433
Cash surrender value of bank-owned life insurance 15,000 14,923
Accrued interest receivable 2,011 2,057
Other real estate owned 3,343 3,792
Other assets 9,135 8,372
Total assets 627,319 625,581
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 525,273 517,079
Accrued interest payable 387 381
Other liabilities 5,836 6,319
Short-term borrowings 10,298 15,594
Long-term debt 10,000 10,000
Total liabilities 551,794 549,373
Commitments and contingencies
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,351,466 and 7,345,946 shares issued, respectively; 6,087,264 and 6,081,744 shares outstanding, respectively 73 73
Surplus 10,867 10,755
Accumulated other comprehensive loss, net of tax (1,955) (868)
Retained earnings 86,965 86,673
Less treasury stock: 1,264,202 shares at cost (20,414) (20,414)
Noncontrolling interest (11) (11)
Total shareholders’ equity 75,525 76,208
Total liabilities and shareholders’ equity $ 627,319 $ 625,581