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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 13,322 $ 12,235
Interest-bearing deposits in banks 112,545 82,180
Total cash and cash equivalents 125,867 94,415
Federal funds sold 84 85
Investment securities available-for-sale, at fair value 70,104 84,993
Investment securities held-to-maturity, at amortized cost 5,679 6,429
Federal Home Loan Bank stock, at cost 870 1,135
Loans, net of allowance for loan and lease losses of $7,475 and $7,470, respectively 659,230 638,374
Premises and equipment, net of accumulated depreciation of $24,041 and $23,774, respectively 27,953 28,206
Cash surrender value of bank-owned life insurance 15,919 15,846
Accrued interest receivable 2,593 2,807
Goodwill and core deposit intangible, net 8,319 8,410
Other real estate owned 942 949
Other assets 8,975 8,862
Total assets 926,535 890,511
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 164,659 151,935
Interest-bearing 653,384 630,277
Total deposits 818,043 782,212
Accrued interest expense 242 292
Other liabilities 10,316 11,312
Short-term borrowings 10,017 10,017
Total liabilities 838,618 803,833
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,634,281 and 7,596,351 shares issued, respectively; 6,213,641 and 6,176,556 shares outstanding, respectively 75 75
Additional paid-in capital 13,889 13,786
Accumulated other comprehensive income (loss), net of tax 327 (52)
Retained earnings 95,486 94,722
Less treasury stock: 1,420,640 and 1,419,795 shares at cost, respectively (21,860) (21,853)
Total shareholders’ equity 87,917 86,678
Total liabilities and shareholders’ equity $ 926,535 $ 890,511