Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 9,755	$ 10,920
Interest-bearing deposits with other institutions	54,019	22,487
Federal funds sold	270	252
Total cash and cash equivalents	64,044	33,659
Securities available for sale, at fair value	152,420	165,003
Restricted investments	1,268	1,197
Loans	805,701	644,760
Allowance for loan losses	(6,661)	(4,973)
Net Loans	799,040	639,787
Bank premises and equipment, net	18,906	19,297
Other real estate owned, net of allowance	442	183
Other assets	37,140	18,194
Total assets	1,073,260	877,320
Deposits:
Noninterest bearing demand deposits	379,198	269,171
Savings and interest bearing demand deposits	446,687	364,175
Time deposits	129,353	138,198
Total deposits	955,238	771,544
Other liabilities	14,139	9,450
Total liabilities	969,377	780,994
Commitments and contingencies
Shareholders’ Equity
Preferred stock, $10 par value; 500,000 shares authorized and unissued
Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2020, 3,416,013 including 27,078 shares of unvested restricted stock; issued and outstanding 2019, 3,430,103 including 18,488 shares of unvested restricted stock	8,472	8,529
Surplus	10,862	11,406
Retained earnings	80,907	74,909
Accumulated other comprehensive income	3,642	1,482
Total shareholders’ equity	103,883	96,326
Total liabilities and shareholders’ equity	$ 1,073,260	$ 877,320