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2018

Proxy Statement for 2019 Annual Meeting
2018 Annual Report
2018 10K

2017

Proxy Statement for 2018 Annual Meeting
2017 Annual Report
2017 10K

Shareholder's Reports

Assets (In thousands) Dec. 31, 2019 Mar. 31, 2020
Cash and due from banks $20,921 $27,599
Interest bearing deposits in banks $29,216 $22,245
Federal funds sold $1,159 $40,993
Total cash and cash equivalents $51,296 $90,837
Interest-bearing time deposits $4,309 $4,869
Securities - available for sale $222,293 $204,121
Securities, at cost $5,810 $5,810
Loans held for sale $4,248 $2,153
Loans, net $1,211,771 $1,239,108
Premises and equipment $22,283 $26,120
Construction in progress $68 $0
Goodwill $47,340 $47,340
Other assets $33,912 $34,767
TOTAL ASSETS $1,607,330 $1,655,125
Liabilities (In thousands) Dec. 31, 2019 Mar. 31, 2020
Deposits    
Non-interest bearing $265,156 $261,786
Interest bearing $1,023,191 $1,086,921
Total deposits $1,288,347 $1,348,707
Securities - sold under agreement to repurchase $48,073 $30,585
Federal Home Loan Bank advances $24,806 $24,788
Accrued expenses and other liabilities $15,846 $14,588
Total Liabilities $1,377,072 $1,418,668
Stockholder's Equity Dec. 31, 2019 Mar. 31, 2020

Common Stock, no par value - 20,000,000 shares authorized;

issued and outstanding 12,230,000 shares 3/31/20 and 12/31/19

$81,535 $81,844
Treasury stock - 1,100,579 shares 3/31/20, 1,093,065 shares 12/31/19 ($12,456) ($12,636)
Retained earnings $160,081 $162,416
Accumulated other comprehensive income $1,098 $4,833
Total stockholders' equity $230,258 $236,457
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $1,607,330 $1,655,125
Income Statement QTR: Mar.31, 2019 QTR: Dec. 31, 2019 YTD: Mar. 31, 2020
Summary of Income      
Interest Income

$15,862

$17,149

$17,464

Interest Expense
$3,085
$3,813
$3,411
Net Interest Income
$12,777
$13,336
$14,053
Provision for Loan Losses $30 $728 $1,430
Net Interest Income After Provision For Loan Losses $12,747 $12,608 $12,623
Other Income (Expense) ($8,816) ($6,783) ($7,573)
Income Before Federal Income Taxes $3,931 $5,825 $5,050
Income Taxes $707 $1,102 $945
Net Income $3,224 $4,723 $4,105
Earnings Per Common Share  $0.29 $0.43 $0.37
Average Common Shares Outstanding  11,089,839 11,137,004 11,134,870

This statement has not been reviewed or confirmed for accuracy or relevance by the Federal Deposit Insurance Corporation