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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Cash and cash equivalents:    
Cash and due from banks $ 14,846 $ 14,302
Interest bearing balances with banks 2,494 14,831
Total cash and cash equivalents 17,340 29,133
Certificates of deposit with other banks 14,527 13,150
Investment Securities:    
Securities available-for-sale 162,368 70,256
Securities held-to-maturity (fair value of $0 for 2016 and $54,470 for 2015) 0 52,859
Loans held for sale 90,174 102,623
Loans: 1,052,865 1,032,170
Less: Allowance for loan losses (9,101) (8,006)
Net Loans 1,043,764 1,024,164
Premises and equipment 25,081 26,275
Bank owned life insurance 22,970 22,332
Accrued interest receivable and other assets 24,100 25,204
Goodwill 18,480 18,480
TOTAL ASSETS 1,418,804 1,384,476
Deposits:    
Noninterest bearing 115,692 80,423
Interest bearing 991,325 931,891
Total deposits 1,107,017 1,012,314
Accrued interest payable and other liabilities 16,557 13,291
Repurchase agreements 25,160 27,437
FHLB and other borrowings 90,921 183,198
Subordinated debt 33,524 33,524
Total liabilities 1,273,179 1,269,764
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $1,000; 20,000 authorized and 9,283 issued in 2016 and 2015, respectively (See Footnote 12) 16,334 16,334
Common stock, par value $1; 20,000,000 shares authorized; 10,047,621 and 8,112,998 issued; and 9,996,544 and 8,061,921 outstanding in 2016 and 2015, respectively 10,048 8,113
Additional paid-in capital 93,412 74,228
Retained earnings 31,192 20,054
Accumulated other comprehensive loss (4,277) (2,933)
Treasury Stock, 51,077 shares, at cost (1,084) (1,084)
Total stockholders’ equity 145,625 114,712
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,418,804 $ 1,384,476