XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 5,572 $ 5,037
Interest-earning deposits 25,079 13,717
Total cash and cash equivalents 30,651 18,754
Investment securities:    
Available for sale, at fair value 130,075 105,458
Held to maturity (fair value of $95,670 and $111,865 at June 30, 2018 and December 31, 2017, respectively) 95,322 110,267
Total investment securities 225,397 215,725
Loans held for sale 9,291 4,254
Loans 899,912 789,906
Less: allowance for loan losses (8,498) (8,013)
Net loans 891,414 781,893
Premises and equipment, net 11,874 10,705
Accrued interest receivable 3,785 3,478
Bank-owned life insurance 28,403 25,051
Other real estate owned 1,223 0
Goodwill and intangible assets 12,387 12,496
Other assets 15,087 6,918
Total assets 1,229,512 1,079,274
Deposits    
Non-interest bearing 216,087 196,509
Interest bearing 740,700 725,497
Total deposits 956,787 922,006
Short-term borrowings 118,225 20,500
Redeemable subordinated debentures 18,557 18,557
Accrued interest payable 849 804
Accrued expenses and other liabilities 14,746 5,754
Total liabilities 1,109,164 967,621
Shareholders’ Equity    
Preferred stock, no par value; 5,000,000 shares authorized; none issued 0 0
Common stock, no par value; 30,000,000 shares authorized; 8,412,640 and 8,116,201 shares issued and 8,379,342 and 8,082,903 shares outstanding as of June 30, 2018 and December 31, 2017, respectively 79,003 72,935
Retained earnings 43,560 39,822
Treasury stock, 33,298 shares at June 30, 2018 and December 31, 2017 (368) (368)
Accumulated other comprehensive loss (1,847) (736)
Total shareholders’ equity 120,348 111,653
Total liabilities and shareholders’ equity $ 1,229,512 $ 1,079,274