XML 52 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 58,058 $ 46,942
Investment securities available for sale 159,247 159,320
Loans, less allowance for loan losses of $7,804 at March 31, 2020 and $7,243 at December 31, 2019 619,487 616,036
Real estate acquired through foreclosure 707 707
Premises and equipment, net 14,774 14,629
Bank owned life insurance 13,275 13,184
Accrued interest receivable and other assets 14,023 14,373
Total assets 879,571 865,191
Deposits:    
Non-interest bearing 336,375 331,619
Interest bearing 426,511 415,705
Total deposits 762,886 747,324
Repurchase agreements 8,383 16,013
Accrued interest payable and other liabilities 7,765 7,039
Junior subordinated deferrable interest debentures 10,310 10,310
Total liabilities 789,344 780,686
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding – 5,176,032 shares at March 31, 2020 and 5,165,760 at December 31, 2019 7,425 7,312
Retained earnings 78,460 75,144
Accumulated other comprehensive income, net 4,342 2,049
Total shareholders’ equity 90,227 84,505
Total liabilities and shareholders’ equity $ 879,571 $ 865,191