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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 27,024 $ 27,655
Securities available-for-sale 160,582 171,440
Restricted securities 10,027 9,116
Loans held for sale 187 735
Loans, net of allowance for loan loss: 2016 - $8,925; 2015 - $8,591 648,829 624,956
Branch assets held for sale 0 16,673
Bank-owned life insurance 35,544 35,103
Mortgage servicing rights 2,065 2,129
Premises and equipment, net 16,682 16,852
Intangible assets, net 404 880
Other real estate owned, net 6,765 8,401
Deferred tax assets, net 36,235 38,180
Other assets 8,313 9,098
Total assets 952,657 961,218
Deposits:    
Non-interest-bearing 146,765 164,137
Interest-bearing 569,659 554,367
Total deposits 716,424 718,504
Federal funds purchased and securities sold under agreements to repurchase 10,605 18,730
Federal Home Loan Bank advances 75,000 76,000
Series B mandatory redeemable preferred stock 209 268
Subordinated debentures 20,620 20,620
Other liabilities 4,805 5,815
Total liabilities 827,663 839,937
Commitments and contingent liabilities 0 0
Series D Fixed Rate, Non-Cumulative Perpetual Preferred Stock, 2,363 shares authorized and issued at June 30, 2016 and December 31, 2015; aggregate liquidation preference of $2,636 2,636 2,636
Common stock, $0.01 par value; 215,000,000 shares authorized; 6,581,544 shares issued at June 30, 2016 and December 31, 2015 66 66
Surplus 140,640 140,609
Accumulated deficit (77) (2,958)
Accumulated other comprehensive loss (2,145) (2,946)
Stockholders' equity before treasury stock 141,120 137,407
Treasury stock, at cost, 67,850 shares at June 30, 2016 and December 31, 2015 (16,126) (16,126)
Total stockholders' equity 124,994 121,281
Total liabilities and stockholders' equity $ 952,657 $ 961,218