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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 116,425,000 $ 142,968,000
Federal funds sold 9,720,000 6,205,000
Cash and cash equivalents 126,145,000 149,173,000
Securities - available for sale 206,712,000 179,248,000
Securities - equity investments 3,106,000 3,112,000
Loans, net of allowance for loan loss of $8,685 and $8,166 at December 31, 2018 and 2017, respectively 702,220,000 652,989,000
Cash surrender value of life insurance 19,029,000 18,517,000
Bank premises and equipment, net 14,937,000 14,478,000
Other real estate owned 0 253,000
Goodwill and other intangible assets, net 3,942,000 4,056,000
Interest receivable and other assets 18,797,000 13,026,000
1,094,887,000 1,034,852,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 986,495,000 938,882,000
Interest payable and other liabilities 9,354,000 5,203,000
Total liabilities 995,849,000 944,085,000
Shareholders’ equity    
Common stock, no par value; 50,000,000 shares authorized, 8,194,805 and 8,098,605 shares issued and outstanding at December 31, 2018 and 2017, respectively 25,429,000 24,773,000
Additional paid-in capital 3,358,000 3,576,000
Retained earnings 70,686,000 61,429,000
Accumulated other comprehensive (loss) income, net of tax (435,000) 989,000
Total shareholders’ equity 99,038,000 90,767,000
$ 1,094,887,000 $ 1,034,852,000