XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and noninterest-bearing deposits with banks $ 12,881 $ 12,664
Interest-bearing deposits with banks 131,281 61,909
Total cash and cash equivalents 144,162 74,573
Certificates of deposit in financial institutions 1,820 1,820
Securities available for sale 105,457 101,125
Securities held to maturity (estimated fair value: 2018 - $17,809; 2017 - $18,079) 17,353 17,581
Restricted investments in bank stocks 7,506 7,506
Total loans 768,065 769,319
Less: Allowance for loan losses (7,996) (7,499)
Net loans 760,069 761,820
Premises and equipment, net 13,475 13,281
Other real estate owned 1,343 1,574
Accrued interest receivable 2,552 2,503
Goodwill 7,371 7,371
Other intangible assets, net 478 514
Bank owned life insurance and annuity assets 28,851 28,675
Other assets 5,984 7,947
Total assets 1,096,421 1,026,290
LIABILITIES    
Noninterest-bearing deposits 314,413 253,655
Interest-bearing deposits 605,095 603,069
Total deposits 919,508 856,724
Other borrowed funds 42,603 35,949
Subordinated debentures 8,500 8,500
Accrued liabilities 14,599 15,756
Total liabilities 985,210 916,929
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)
SHAREHOLDERS’ EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2018 - 5,379,522 shares issued; 2017 - 5,362,005 shares issued) 5,379 5,362
Additional paid-in capital 48,586 47,895
Retained earnings 75,073 72,694
Accumulated other comprehensive loss (2,115) (878)
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 111,211 109,361
Total liabilities and shareholders’ equity $ 1,096,421 $ 1,026,290