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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 13,219 $ 11,939
Interest-bearing deposits in banks 42,902 45,091
Total cash and cash equivalents 56,121 57,030
Federal funds sold 15,080 10,080
Investment securities available-for-sale, at fair value 96,541 94,016
Investment securities held-to-maturity, at amortized cost 13,538 14,340
Federal Home Loan Bank stock, at cost 1,135 1,137
Loans, net of allowance for loan and lease losses of $5,954 and $5,762, respectively 539,685 545,243
Premises and equipment, net of accumulated depreciation of $22,900 and $22,570, respectively 29,071 29,216
Cash surrender value of bank-owned life insurance 15,622 15,546
Accrued interest receivable 2,391 2,488
Goodwill and core deposit intangible, net 8,715 8,825
Other real estate owned 1,054 1,078
Other assets 9,612 9,739
Total assets 788,565 788,738
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 116,190 112,729
Interest-bearing 566,405 570,933
Total deposits 682,595 683,662
Accrued interest expense 487 537
Other liabilities 10,999 9,766
Short-term borrowings 10,152 10,025
Total liabilities 704,233 703,990
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,592,251 and 7,568,053 shares issued, respectively; 6,143,286 and 6,157,692 shares outstanding, respectively 75 75
Surplus 13,904 13,814
Accumulated other comprehensive loss, net of tax (763) (46)
Retained earnings 93,418 92,755
Less treasury stock: 1,448,965 and 1,410,361 shares at cost, respectively (22,302) (21,850)
Total shareholders’ equity 84,332 84,748
Total liabilities and shareholders’ equity $ 788,565 $ 788,738