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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and noninterest-bearing deposits with banks $ 11,652 $ 12,664
Interest-bearing deposits with banks 51,539 61,909
Total cash and cash equivalents 63,191 74,573
Certificates of deposit in financial institutions 1,820 1,820
Securities available for sale 100,165 101,125
Securities held to maturity (estimated fair value: 2018 - $17,752; 2017 - $18,079) 17,313 17,581
Restricted investments in bank stocks 7,506 7,506
Total loans 781,980 769,319
Less: Allowance for loan losses (7,639) (7,499)
Net loans 774,341 761,820
Premises and equipment, net 13,694 13,281
Other real estate owned, net 1,328 1,574
Accrued interest receivable 2,548 2,503
Goodwill 7,371 7,371
Other intangible assets, net 442 514
Bank owned life insurance and annuity assets 29,024 28,675
Other assets 6,621 7,947
Total assets 1,025,364 1,026,290
LIABILITIES    
Noninterest-bearing deposits 243,090 253,655
Interest-bearing deposits 603,245 603,069
Total deposits 846,335 856,724
Other borrowed funds 41,443 35,949
Subordinated debentures 8,500 8,500
Accrued liabilities 15,858 15,756
Total liabilities 912,136 916,929
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)
SHAREHOLDERS’ EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2018 - 5,387,119 shares issued; 2017 - 5,362,005 shares issued) 5,387 5,362
Additional paid-in capital 48,933 47,895
Retained earnings 77,230 72,694
Accumulated other comprehensive loss (2,610) (878)
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 113,228 109,361
Total liabilities and shareholders’ equity $ 1,025,364 $ 1,026,290