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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 57,329 $ 27,936
Federal funds sold 15,322 11,845
Cash and cash equivalents 72,651 39,781
Available for sale securities, at fair value 320,714 272,790
Investment securities, held to maturity, at amortized cost (fair value of $51,918 and $51,501 at December 31, 2015 and 2014, respectively) 51,259 51,343
Federal Home Loan Bank stock, at cost 12,447 15,075
Loans 1,246,688 1,184,045
Allowance for loan losses (14,967) (13,607)
Loans, net 1,231,721 1,170,438
Premises and equipment, net 11,562 9,988
Accrued interest receivable 4,688 4,425
Bank-owned life insurance 32,834 32,107
Deferred tax assets, net 6,670 6,333
Other assets 4,094 13,553
Total assets 1,748,640 1,615,833
Deposits:    
Noninterest-bearing demand 486,707 362,827
Interest-bearing demand 267,824 241,722
Savings 570,391 527,277
Time of $250,000 or more 14,749 18,985
Other time 101,058 119,651
Total deposits 1,440,729 1,270,462
Federal funds purchased 2,760 2,975
Short-term borrowings 19,000 66,000
Subordinated notes 20,619 20,619
Federal Home Loan Bank advances, net of discount 98,385 96,888
Long-term debt 8,415 12,676
Accrued expenses and other liabilities 6,355 6,038
Total liabilities 1,596,263 1,475,658
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value, authorized 50,000,000 shares; no shares issued and outstanding at December 31, 2015 and 2014 0 0
Common stock, no par value; authorized 50,000,000 shares; 16,064,435 and 16,018,734 shares issued and outstanding at December 31, 2015 and 2014, respectively 3,000 3,000
Additional paid-in capital 20,067 18,971
Retained earnings 129,740 117,950
Accumulated other comprehensive income (loss) (430) 254
Total stockholders' equity 152,377 140,175
Total liabilities and stockholders' equity $ 1,748,640 $ 1,615,833