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Consolidated Balance Sheets (June 30, 2020 Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 6,049 $ 5,405
Federal funds sold and overnight deposits 30,579 45,729
Cash and cash equivalents 36,628 51,134
Interest bearing deposits in banks 9,802 6,565
Investment securities available-for-sale 85,430 87,393
Other investments 791 690
Total investments 86,221 88,083
Loans held for sale 43,550 7,442
Loans 692,658 670,244
Allowance for loan losses (6,888) (6,122)
Net deferred loan (fees) costs (821) 1,043
Net loans 684,949 665,165
Premises and equipment, net 20,379 20,923
Goodwill 2,223 2,223
Company-owned life insurance 12,481 12,322
Other assets 20,850 19,055
Total assets 917,083 872,912
Deposits    
Noninterest bearing 188,741 136,434
Interest bearing 484,496 458,940
Time 146,255 148,653
Total deposits 819,492 744,027
Borrowed funds 9,497 47,164
Accrued interest and other liabilities 12,327 9,878
Total liabilities 841,316 801,069
Commitments and Contingencies
Stockholders’ Equity    
Common stock, $2.00 par value; 7,500,000 shares authorized; 4,950,430 shares issued at June 30, 2020 and 4,948,245 shares issued at December 31, 2019 9,901 9,897
Additional paid-in capital 1,306 1,124
Retained earnings 66,020 64,019
Treasury stock at cost; 475,531 shares at June 30, 2020 and 476,268 shares at December 31, 2019 (4,177) (4,183)
Accumulated other comprehensive income 2,717 986
Total stockholders' equity 75,767 71,843
Total liabilities and stockholders' equity $ 917,083 $ 872,912