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Consolidated Balance Sheets (Current Period Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and noninterest-bearing deposits with banks $ 11,048 $ 9,841
Interest-bearing deposits with banks 84,556 18,503
Total cash and cash equivalents 95,604 28,344
Securities available for sale 88,858 84,068
Securities held to maturity (estimated fair value: 2014 - $22,892; 2013 - $22,984) 22,620 22,826
Federal Home Loan Bank and Federal Reserve Bank stock 6,576 7,776
Total loans 574,327 566,319
Less: Allowance for loan losses (6,462) (6,155)
Net loans 567,865 560,164
Premises and equipment, net 9,478 9,005
Other real estate owned 1,422 1,354
Accrued interest receivable 1,933 1,901
Goodwill 1,267 1,267
Bank owned life insurance and annuity assets 25,099 24,940
Other assets 4,813 5,723
Total assets 825,535 747,368
LIABILITIES    
Noninterest-bearing deposits 219,202 149,823
Interest-bearing deposits 482,758 479,054
Total deposits 701,960 628,877
Other borrowed funds 20,161 18,748
Subordinated debentures 8,500 8,500
Accrued liabilities 11,497 10,824
Total liabilities 742,118 666,949
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)      
SHAREHOLDERS’ EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 4,758,492 shares issued) 4,758 4,758
Additional paid-in capital 34,883 34,883
Retained earnings 58,944 56,241
Accumulated other comprehensive income 544 249
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 83,417 80,419
Total liabilities and shareholders’ equity $ 825,535 $ 747,368