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Consolidated Balance Sheets (Current Period Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and noninterest-bearing deposits with banks $ 9,404 $ 9,841
Interest-bearing deposits with banks 13,240 18,503
Total cash and cash equivalents 22,644 28,344
Securities available for sale 85,570 84,068
Securities held to maturity (estimated fair value: 2014 - $23,469; 2013 - $22,984) 22,929 22,826
Federal Home Loan Bank and Federal Reserve Bank stock 6,576 7,776
Total loans 587,918 566,319
Less: Allowance for loan losses (7,928) (6,155)
Net loans 579,990 560,164
Premises and equipment, net 9,423 9,005
Other real estate owned 1,723 1,354
Accrued interest receivable 1,839 1,901
Goodwill 1,267 1,267
Bank owned life insurance and annuity assets 25,270 24,940
Other assets 6,582 5,723
Total assets 763,813 747,368
LIABILITIES    
Noninterest-bearing deposits 155,493 149,823
Interest-bearing deposits 482,164 479,054
Total deposits 637,657 628,877
Other borrowed funds 21,901 18,748
Subordinated debentures 8,500 8,500
Accrued liabilities 11,382 10,824
Total liabilities 679,440 666,949
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 59,427 56,241
Accumulated other comprehensive income 1,017 249
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 84,373 80,419
Total liabilities and shareholders’ equity $ 763,813 $ 747,368