XML 16 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 3,623,000 $ 3,072,000
Interest earning deposits with banks 14,070,000 11,302,000
Total cash and cash equivalents 17,693,000 14,374,000
Securities-available for sale 97,718,000 99,350,000
Securities-equity investments 7,000 1,817,000
Loans held for sale 504,000
Loans receivable, net of allowance for loan losses of $6,508 and $6,127 708,664,000 577,234,000
Federal bank stocks, at cost 6,351,000 4,662,000
Bank-owned life insurance 14,881,000 11,724,000
Accrued interest receivable 2,570,000 2,217,000
Premises and equipment, net 18,911,000 18,010,000
Goodwill 19,448,000 10,288,000
Core deposit intangible, net 1,423,000 481,000
Prepaid expenses and other assets 11,209,000 9,423,000
Total Assets 898,875,000 750,084,000
Deposits:    
Non-interest bearing 148,893,000 126,263,000
Interest bearing 612,653,000 528,380,000
Total deposits 761,546,000 654,643,000
Short-term borrowed funds 12,850,000 2,500,000
Long-term borrowed funds 32,500,000 23,500,000
Accrued interest payable 495,000 413,000
Accrued expenses and other liabilities 11,476,000 9,937,000
Total Liabilities 818,867,000 690,993,000
Commitments and Contingent Liabilities (Note 11)
Stockholders' Equity    
Preferred stock, $1.00 par value, 3,000,000 shares authorized; Series C, non-cumulative preferred stock, $2.9 million and $0 liquidation value, 286,888 shares and no shares issued and outstanding; Series D, non-cumulative preferred stock, $1.3 million and $0 liquidation value, 133,705 shares and no shares issued and outstanding 4,206,000
Common stock, $1.25 par value, 12,000,000 shares authorized; 2,800,729 and 2,373,156 shares issued; 2,698,712 and 2,271,139 shares outstanding, respectively 3,501,000 2,966,000
Additional paid-in capital 46,401,000 31,031,000
Treasury stock, at cost; 102,017 shares (2,114,000) (2,114,000)
Retained earnings 34,371,000 32,726,000
Accumulated other comprehensive loss (6,357,000) (5,518,000)
Total Stockholders' Equity 80,008,000 59,091,000
Total Liabilities and Stockholders' Equity $ 898,875,000 $ 750,084,000