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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and noninterest-bearing deposits in other banks $ 28,949 $ 35,237
Due from Federal Reserve Bank (FRB) 191,388 72,697
Cash and cash equivalents 220,337 107,934
Investment securities (at fair value)    
Available for sale (AFS) securities 66,426 41,985
Marketable equity securities 3,659 3,737
Total investment securities 70,085 45,722
Loans    
Loans 587,933 601,351
Unearned fees and unamortized loan origination (fees) costs, net (119) 1,039
Allowance for credit losses (8,395) (9,267)
Net loans 579,419 593,123
Premises and equipment – net 9,837 10,165
Accrued interest receivable 8,341 6,526
Other real estate owned (OREO) 5,745 5,745
Goodwill 4,488 4,488
Deferred tax assets - net 3,174 2,389
Cash surrender value of life insurance 20,244 19,752
Investment in limited partnerships 1,911 1,601
Other assets 9,477 8,391
Total assets 933,058 805,836
Deposits    
Noninterest-bearing 292,720 307,299
Interest bearing 512,923 380,394
Total deposits 805,643 687,693
Accrued interest payable 57 44
Other liabilities 7,963 7,017
Junior subordinated debentures (at fair value) 10,155 9,730
Total liabilities 823,818 704,484
Shareholders' Equity    
Common stock, no par value; 20,000,000 shares authorized; issued and outstanding: 16,946,622 at December 31, 2018 and 16,885,615 at December 31, 2017 58,624 57,880
Retained earnings 49,942 44,182
Accumulated other comprehensive income (loss) 674 (710)
Total shareholders' equity 109,240 101,352
Total liabilities and shareholders' equity $ 933,058 $ 805,836