XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and noninterest-bearing deposits with banks $ 11,013 $ 12,512
Interest-bearing deposits with banks 24,473 27,654
Total cash and cash equivalents 35,486 40,166
Certificates of deposit in financial institutions 1,820 1,670
Securities available for sale 102,697 96,490
Securities held to maturity (estimated fair value: 2017 - $19,330; 2016 - $19,171) 18,605 18,665
Restricted investments in bank stocks 7,506 7,506
Total loans 756,905 734,901
Less: Allowance for loan losses (6,952) (7,699)
Net loans 749,953 727,202
Premises and equipment, net 13,233 12,783
Other real estate owned 2,436 2,129
Accrued interest receivable 2,264 2,315
Goodwill 7,371 7,801
Other intangible assets, net 588 670
Bank owned life insurance and annuity assets 29,529 29,349
Other assets 8,668 7,894
Total assets 980,156 954,640
LIABILITIES    
Noninterest-bearing deposits 227,064 209,576
Interest-bearing deposits 581,128 580,876
Total deposits 808,192 790,452
Other borrowed funds 40,655 37,085
Subordinated debentures 8,500 8,500
Accrued liabilities 13,822 14,075
Total liabilities 871,169 850,112
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)
SHAREHOLDERS’ EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2017 - 5,342,846 shares issued; 2016 - 5,325,504 shares issued) 5,343 5,326
Additional paid-in capital 47,268 46,788
Retained earnings 72,112 69,117
Accumulated other comprehensive loss (24) (991)
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 108,987 104,528
Total liabilities and shareholders’ equity $ 980,156 $ 954,640