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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets    
Cash and due from banks $ 23,905 $ 20,158
Interest-bearing deposits in other financial institutions 130,170 92,447
Total cash and cash equivalents 154,075 112,605
Securities available-for-sale, at fair value 191,680 280,100
Securities held-to-maturity, at amortized cost (fair value of $93,161 at September 30, 2014 and $86,032 at December 31, 2013) 94,759 95,921
Loans held-for-sale - SBA, at lower of cost or fair value, including deferred costs 673 3,148
Loans, net of deferred fees 1,029,596 914,913
Allowance for loan losses (18,541) (19,164)
Loans, net 1,011,055 895,749
Federal Home Loan Bank and Federal Reserve Bank stock, at cost 10,501 10,435
Company owned life insurance 50,853 50,012
Premises and equipment, net 7,377 7,240
Intangible assets 1,182 1,527
Accrued interest receivable and other assets 36,159 34,895
Total assets 1,558,314 1,491,632
Deposits:    
Demand, noninterest-bearing 488,987 431,085
Demand, interest-bearing 223,121 195,451
Savings and money market 369,378 347,052
Time deposits-under $100 20,067 21,646
Time deposits-$100 and over 197,562 195,005
Time deposits-brokered 28,099 55,524
CDARS - money market and time deposits 14,608 40,458
Total deposits 1,341,822 1,286,221
Accrued interest payable and other liabilities 33,576 32,015
Total liabilities 1,375,398 1,318,236
Shareholders' equity:    
Common stock, no par value; 60,000,000 shares authorized; 26,374,980 shares issued and outstanding at September 30, 2014 and 26,350,938 shares issued and outstanding at December 31, 2013 133,195 132,561
Retained earnings 31,014 25,345
Accumulated other comprehensive loss (812) (4,029)
Total shareholders' equity 182,916 173,396
Total liabilities and shareholders' equity 1,558,314 1,491,632
Series C convertible perpetual preferred stock
   
Shareholders' equity:    
Preferred stock, no par value; 10,000,000 shares authorized Series C convertible perpetual preferred stock, 21,004 shares issued and outstanding at September 30, 2014 and December 31, 2013 (liquidation preference of $21,004 at September 30, 2014 and December 31, 2013) $ 19,519 $ 19,519