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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 12,424 $ 9,796
Interest-bearing deposits in banks 47,622 39,803
Total cash and cash equivalents 60,046 49,599
Federal funds sold 15,080 8,354
Investment securities available-for-sale, at fair value 127,185 132,487
Investment securities held-to-maturity, at amortized cost 20,840 21,462
Federal Home Loan Bank stock, at cost 713 703
Loans, net of allowance for loan and lease losses of $4,924 and $5,055, respectively 502,760 514,867
Premises and equipment, net 28,950 27,643
Cash surrender value of bank-owned life insurance 15,314 15,237
Accrued interest receivable 2,486 2,816
Goodwill and core deposit intangible, net 9,184 9,312
Other real estate owned 1,222 1,505
Other assets 11,554 7,954
Total assets 795,334 791,939
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 703,361 704,725
Accrued interest expense 493 424
Other liabilities 9,907 6,826
Short-term borrowings 0 527
Total liabilities 713,761 712,502
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,567,784 and 7,562,264 shares issued, respectively; 6,303,582 and 6,298,062 shares outstanding, respectively 75 75
Surplus 13,589 13,496
Accumulated other comprehensive loss, net of tax (1,536) (2,377)
Retained earnings 89,859 88,668
Less treasury stock: 1,264,202 shares at cost (20,414) (20,414)
Noncontrolling interest (11)
Total shareholders’ equity 81,573 79,437
Total liabilities and shareholders’ equity $ 795,334 $ 791,939