CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS
Cash and due from banks	$ 12,172	$ 19,106
Federal funds sold	25,350	20,265
Cash and cash equivalents	37,522	39,371
Securities available-for-sale (amortized cost of $90,039 and $58,874 as of March 31, 2020 and December 31, 2019)	90,552	58,856
Securities held-to-maturity (fair value of $7,946 and $9,003 as of March 31, 2020 and December 31, 2019)	7,747	8,780
Equity Investments	1,025	1,009
Mortgage loans held for sale (amortized cost of $106,301 and $33,363 as of March 31, 2020 and December 31, 2019)	107,506	33,704
Loans, net of fees and costs (includes $10,553 and $10,546 of loans at fair value, amortized cost of $10,272 and $10,186 as of March 31, 2020 and December 31, 2019)	1,021,561	964,710
Allowance for loan and lease losses	(11,098)	(9,513)
Loans, net of the allowance for loan and lease losses	1,010,463	955,197
Restricted investment in bank stock	8,347	8,072
Bank premises and equipment, net	8,410	8,636
Bank owned life insurance	11,930	11,859
Accrued interest receivable	3,283	3,148
Other real estate owned		120
Deferred income taxes	1,581	2,115
Goodwill	899	899
Intangible assets	3,805	3,874
Other assets	10,372	14,379
Total assets	1,303,442	1,150,019
Deposits:
Noninterest bearing	140,826	139,450
Interest bearing	852,927	711,718
Total deposits	993,753	851,168
Short-term borrowings	129,707	123,676
Long-term debt	5,023	3,123
Subordinated debentures	40,885	40,962
Accrued interest payable	1,578	1,088
Other liabilities	14,463	9,307
Total liabilities	1,185,409	1,029,324
Stockholders’ equity:
Common stock, $1 par value. Authorized 10,000,000 shares; issued 6,414,341 and 6,407,685 as of March 31, 2020 and December 31, 2019	6,414	6,408
Surplus	80,286	80,196
Treasury Stock	(5,706)	(3)
Retained earnings	36,613	34,097
Accumulated other comprehensive income (loss)	426	(3)
Total stockholders’ equity	118,033	120,695
Total liabilities and stockholders’ equity	$ 1,303,442	$ 1,150,019