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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 10,895 $ 9,796
Interest-bearing deposits in banks 33,964 39,803
Total cash and cash equivalents 44,859 49,599
Federal funds sold 15,081 8,354
Investment securities available-for-sale, at fair value 117,961 132,487
Investment securities held-to-maturity, at amortized cost 18,688 21,462
Federal Home Loan Bank stock, at cost 713 703
Loans, net of allowance for loan and lease losses of $5,087 and $5,055, respectively 511,515 514,867
Premises and equipment, net 29,491 27,643
Cash surrender value of bank-owned life insurance 15,391 15,237
Accrued interest receivable 2,476 2,816
Goodwill and core deposit intangible, net 9,056 9,312
Other real estate owned 1,258 1,505
Other assets 10,682 7,954
Total assets 777,171 791,939
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 682,806 704,725
Accrued interest expense 526 424
Other liabilities 10,018 6,826
Short-term borrowings 73 527
Total liabilities 693,423 712,502
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; 6,306,161 and 6,298,062 shares outstanding, respectively 75 75
Surplus 13,646 13,496
Accumulated other comprehensive loss, net of tax (338) (2,377)
Retained earnings 90,737 88,668
Less treasury stock: 1,261,623 and 1,264,202 shares at cost, respectively (20,372) (20,414)
Noncontrolling interest (11)
Total shareholders’ equity 83,748 79,437
Total liabilities and shareholders’ equity $ 777,171 $ 791,939