XML 36 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 11,939 $ 9,796
Interest-bearing deposits in banks 45,091 39,803
Total cash and cash equivalents 57,030 49,599
Federal funds sold 10,080 8,354
Investment securities available-for-sale, at fair value 94,016 132,487
Investment securities held-to-maturity, at amortized cost 14,340 21,462
Federal Home Loan Bank stock, at cost 1,137 703
Loans, net of allowance for loan and lease losses of $5,762 and $5,055, respectively 545,243 514,867
Premises and equipment, net of accumulated depreciation of $22,570 and $21,437, respectively 29,216 27,643
Cash surrender value of bank-owned life insurance 15,546 15,237
Accrued interest receivable 2,488 2,816
Goodwill and core deposit intangible, net 8,825 9,312
Other real estate owned 1,078 1,505
Other assets 9,739 7,954
Total assets 788,738 791,939
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 112,729 109,050
Interest-bearing 570,933 595,675
Total deposits 683,662 704,725
Accrued interest expense 537 424
Other liabilities 9,766 6,826
Short-term borrowings 10,025 527
Total liabilities 703,990 712,502
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,568,053 and 7,562,264 shares issued, respectively; 6,157,692 and 6,298,062 shares outstanding, respectively 75 75
Surplus 13,814 13,496
Accumulated other comprehensive loss, net of tax (46) (2,377)
Retained earnings 92,755 88,668
Less treasury stock: 1,410,361 and 1,264,202 shares at cost, respectively (21,850) (20,414)
Noncontrolling interest   (11)
Total shareholders’ equity 84,748 79,437
Total liabilities and shareholders’ equity $ 788,738 $ 791,939