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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 15,406 $ 16,976 [1]
Interest bearing bank deposits 14,960 11,708 [1]
Total cash and cash equivalents 30,366 28,684 [1]
Securities available for sale, at fair value 202,711 186,969 [1]
Securities held to maturity, at cost (fair value of $36,633 and $42,253, respectively) 24,649 35,733 [1]
Equity securities, restricted, at cost 8,458 8,855 [1]
Total securities 235,818 231,557 [1]
Loans held for sale 2,470 501 [1]
Loans 1,079,229 1,058,323 [1]
Purchased credit impaired (PCI) loans 30,275 32,528 [1]
Total loans 1,109,504 1,090,851 [1]
Allowance for loan losses (loans of $8,429 and $8,983, respectively; PCI loans of $156 and $156, respectively) (11,975) (8,585) [1]
Net loans 1,097,529 1,082,266 [1]
Bank premises and equipment, net 29,065 29,472 [1]
Bank premises and equipment held for sale 1,589 1,589 [1]
Right-of-use lease assets 6,234 6,472 [1]
Other real estate owned 4,506 4,527 [1]
Bank owned life insurance 29,514 29,340 [1]
Other assets 16,449 16,432 [1]
Total assets 1,453,540 1,430,840 [1]
Deposits:    
Noninterest bearing 188,327 178,584 [1]
Interest bearing 1,032,731 984,864 [1]
Total deposits 1,221,058 1,163,448 [1]
Federal funds purchased [1]   24,437
Federal Home Loan Bank borrowings 58,333 68,500 [1]
Trust preferred capital notes 4,124 4,124 [1]
Lease liabilities 6,513 6,737 [1]
Other liabilities 8,044 8,115 [1]
Total liabilities 1,298,072 1,275,361 [1]
SHAREHOLDERS' EQUITY    
Common stock (200,000,000 shares authorized, $0.01 par value; 22,422,621 and 22,132,304 shares issued and outstanding, respectively) 223 224 [1]
Additional paid in capital 150,219 150,728 [1]
Retained earnings (deficit) 2,856 2,562 [1]
Accumulated other comprehensive income (loss) 2,170 1,965 [1]
Total shareholders’ equity 155,468 155,479 [1]
Total liabilities and shareholders’ equity $ 1,453,540 $ 1,430,840 [1]
[1] *Derived from audited consolidated financial statements