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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and noninterest-bearing deposits with banks $ 11,176 $ 13,806
Interest-bearing deposits with banks 59,070 57,374
Total cash and cash equivalents 70,246 71,180
Certificates of deposit in financial institutions 2,115 2,065
Securities available for sale 107,053 102,164
Securities held to maturity (estimated fair value: 2019 - $13,983; 2018 - $16,234) 13,576 15,816
Restricted investments in bank stocks 7,506 7,506
Total loans 776,126 777,052
Less: Allowance for loan losses (7,401) (6,728)
Net loans 768,725 770,324
Premises and equipment, net 17,214 14,855
Premises and equipment held for sale, net 471
Other real estate owned, net 203 430
Accrued interest receivable 2,720 2,638
Goodwill 7,371 7,371
Other intangible assets, net 318 379
Bank owned life insurance and annuity assets 29,748 29,392
Operating lease right-of-use asset, net 1,190
Other assets 6,519 6,373
Total assets 1,034,975 1,030,493
LIABILITIES    
Noninterest-bearing deposits 225,898 237,821
Noninterest-bearing deposits held for sale 7,598
Interest-bearing deposits 595,371 608,883
Interest-bearing deposits held for sale 18,629
Total deposits 847,496 846,704
Other borrowed funds 36,681 39,713
Subordinated debentures 8,500 8,500
Operating lease liability 1,190
Accrued liabilities 17,188 17,702
Total liabilities 911,055 912,619
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)
SHAREHOLDERS’ EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2019 - 5,427,497 shares issued; 2018 - 5,400,065 shares issued) 5,427 5,400
Additional paid-in capital 50,492 49,477
Retained earnings 83,121 80,844
Accumulated other comprehensive income (loss) 592 (2,135)
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 123,920 117,874
Total liabilities and shareholders’ equity $ 1,034,975 $ 1,030,493