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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 31,237 $ 22,507
Securities available-for-sale 156,302 165,927
Restricted securities 8,019 9,860
Loans, net of allowance for loan loss: 2017 - $8,944; 2016 - $8,904 679,148 676,871
Bank-owned life insurance 36,203 35,986
Mortgage servicing rights 1,993 2,033
Premises and equipment, net 16,150 16,371
Other real estate owned, net 4,911 5,042
Deferred tax assets, net 34,100 35,035
Other assets 7,688 8,147
Total assets 975,751 977,779
Deposits:    
Non-interest-bearing 152,196 152,524
Interest-bearing 576,293 587,522
Total deposits 728,489 740,046
Federal funds purchased and securities sold under agreements to repurchase 11,303 11,168
Federal Home Loan Bank advances 93,000 85,000
Series B mandatory redeemable preferred stock 209 209
Subordinated debentures 10,310 10,310
Other liabilities 4,037 4,117
Total liabilities 847,348 850,850
Commitments and contingent liabilities 0 0
Series D Fixed Rate, Non-Cumulative Perpetual Preferred Stock, 2,636 shares authorized and issued at March 31, 2017 and December 31, 2016; 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 March 31, 2017 and December 31, 2016 66 66
Surplus 140,711 140,664
Retained earnings 4,022 3,029
Accumulated other comprehensive loss (2,906) (3,340)
Stockholders' equity before treasury stock 144,529 143,055
Treasury stock, at cost, 67,850 shares at March 31, 2017 and December 31, 2016 (16,126) (16,126)
Total stockholders' equity 128,403 126,929
Total liabilities and stockholders' equity $ 975,751 $ 977,779