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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 3,607,000 $ 3,526,000
Interest earning deposits with banks 46,911,000 33,913,000
Total cash and cash equivalents 50,518,000 37,439,000
Interest earning time deposits 3,480,000 5,718,000
Securities - available-for-sale 183,675,000 113,041,000
Securities - equity investments 9,000 15,000
Loans held for sale 0 75,000
Loans receivable, net of allowance for loan losses of $9,848 and $9,580 794,291,000 800,338,000
Federal bank stocks, at cost 5,846,000 5,635,000
Bank-owned life insurance 15,680,000 15,468,000
Accrued interest receivable 4,140,000 3,786,000
Premises and equipment, net 16,770,000 18,202,000
Goodwill 19,460,000 19,460,000
Core deposit intangible, net 1,005,000 1,083,000
Prepaid expenses and other assets 12,185,000 12,063,000
Total Assets 1,107,059,000 1,032,323,000
Liabilities and Stockholders' Equity    
Non-interest bearing 218,992,000 193,752,000
Interest bearing 740,327,000 699,875,000
Total deposits 959,319,000 893,627,000
Short-term borrowed funds 2,050,000 2,050,000
Long-term borrowed funds 30,000,000 30,000,000
Accrued interest payable 448,000 474,000
Accrued expenses and other liabilities 22,009,000 14,692,000
Total Liabilities 1,013,826,000 940,843,000
Stockholders' Equity    
Preferred stock, $1.00 par value, 3,000,000 shares authorized; Series C, non-cumulative preferred stock, $2.9 million liquidation value, 286,888 shares issued and outstanding; Series D, non-cumulative preferred stock, $1.3 million liquidation value, 133,705 shares issued and outstanding 4,206,000 4,206,000
Common stock, $1.25 par value, 12,000,000 shares authorized; 2,823,229 shares issued; 2,721,212 shares outstanding 3,529,000 3,529,000
Additional paid-in capital 47,424,000 47,200,000
Treasury stock, at cost; 102,017 shares (2,114,000) (2,114,000)
Retained earnings 44,524,000 42,143,000
Accumulated other comprehensive loss (4,336,000) (3,484,000)
Total Stockholders' Equity 93,233,000 91,480,000
Total Liabilities and Stockholders' Equity $ 1,107,059,000 $ 1,032,323,000