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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets    
Cash and non-interest bearing deposits in other banks $ 21,107 $ 29,733
Cash and due from Federal Reserve Bank 73,457 96,018
Cash and cash equivalents 94,564 125,751
Interest-bearing deposits in other banks 1,532 1,528
Investment securities available for sale (at fair value) [1] 42,635 30,893
Loans 557,209 515,318
Unearned fees and unamortized loan origination costs, net 1,459 58
Allowance for credit losses (8,909) (9,713)
Net loans 549,759 505,663
Accrued interest receivable 3,138 2,220
Premises and equipment – net 10,414 10,800
Other real estate owned 7,454 12,873
Goodwill 4,488 4,488
Cash surrender value of life insurance 18,607 18,337
Investment in limited partnerships 910 917
Deferred tax assets - net 4,901 5,228
Other assets 5,668 6,946
Total assets 744,070 725,644
Deposits    
Noninterest bearing 272,058 262,168
Interest bearing 364,891 359,637
Total deposits 636,949 621,805
Accrued interest payable 28 29
Accounts payable and other liabilities 5,618 5,875
Junior subordinated debentures (at fair value) 7,837 8,300
Total liabilities 650,432 636,009
Shareholders' Equity    
Common stock, no par value 20,000,000 shares authorized, 16,373,996 issued and outstanding at June 30, 2016, and 16,051,406 at December 31, 2015 54,259 52,572
Retained earnings 39,382 37,265
Accumulated other comprehensive loss (3) (202)
Total shareholders' equity 93,638 89,635
Total liabilities and shareholders' equity $ 744,070 $ 725,644
[1] Recurring