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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 14,709 $ 11,939
Interest-bearing deposits in banks 50,934 45,091
Total cash and cash equivalents 65,643 57,030
Federal funds sold 86 10,080
Investment securities available-for-sale, at fair value 85,682 94,016
Investment securities held-to-maturity, at amortized cost 7,723 14,340
Federal Home Loan Bank stock, at cost 1,135 1,137
Loans, net of allowance for loan and lease losses of $7,185 and $5,762, respectively 627,605 545,243
Premises and equipment, net of accumulated depreciation of $23,443 and $22,570, respectively 28,337 29,216
Cash surrender value of bank-owned life insurance 15,771 15,546
Accrued interest receivable 2,883 2,488
Goodwill and core deposit intangible, net 8,502 8,825
Other real estate owned 985 1,078
Other assets 8,589 9,739
Total assets 852,941 788,738
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 152,942 112,729
Interest-bearing 592,394 570,933
Total deposits 745,336 683,662
Accrued interest expense 365 537
Other liabilities 11,537 9,766
Short-term borrowings 10,045 10,025
Total liabilities 767,283 703,990
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,596,351 and 7,568,053 shares issued, respectively; 6,176,556 and 6,157,692 shares outstanding, respectively 75 75
Additional paid-in capital 13,680 13,814
Accumulated other comprehensive loss, net of tax (106) (46)
Retained earnings 93,862 92,755
Less treasury stock: 1,419,795 and 1,410,361 shares at cost, respectively (21,853) (21,850)
Total shareholders’ equity 85,658 84,748
Total liabilities and shareholders’ equity $ 852,941 $ 788,738