CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	[1]
ASSETS
Cash and due from banks	$ 17,341	$ 17,375
Interest-earning deposits	25,720	9,380
Cash and cash equivalents	43,061	26,755
Certificates of deposits held for investment	22,540	23,520
Investment securities available-for-sale, at fair value	70,460	70,281
Investment securities held-to-maturity, at amortized cost	62,212	65,354
Total investment securities	132,672	135,635
Loans held for sale	730	1,145
Loans	475,843	458,313
Allowance for loan losses	(9,084)	(9,616)
Net loans	466,759	448,697
Accrued interest receivable	1,557	1,594
Bank premises and equipment, net	12,355	12,293
FHLB stock	3,596	3,288
Investment in life insurance	14,820	14,777
Foreclosed assets	2,482	1,760
Deferred tax assets, net	15,691	16,679
Other assets	5,451	5,244
TOTAL ASSETS	721,714	691,387
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing demand	136,477	132,044
Money market, NOW accounts and savings accounts	195,919	180,214
Time deposits, $250,000 and over	68,762	65,718
Other time deposits	160,220	164,358
Total deposits	561,378	542,334
Borrowings	70,000	60,000
Subordinated debentures	12,372	12,372
Subordinated promissory notes	11,500	11,500
Accrued interest payable	439	437
Other liabilities	3,781	4,338
TOTAL LIABILITIES	$ 659,470	$ 630,981
Commitments and Contingencies (Note F)
Shareholders’ equity:
Common stock, $1.00 par value, 80,000,000 shares authorized; 33,664,216 and 33,595,812 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	$ 33,664	$ 33,596
Additional paid-in capital	31,631	31,666
Accumulated deficit	(3,740)	(4,571)
Accumulated other comprehensive income (loss)	689	(285)
Total shareholders' equity	62,244	60,406
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 721,714	$ 691,387

[1] Derived from audited consolidated financial statements.