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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Cash and cash equivalents:    
Cash and due from banks $ 16,338 $ 14,846
Interest bearing balances with banks 1,940 2,494
Total cash and cash equivalents 18,278 17,340
Certificates of deposit with other banks 14,527 14,527
Investment Securities:    
Securities available-for-sale 172,754 162,368
Loans held for sale 71,921 90,174
Loans: 1,076,782 1,052,865
Less: Allowance for loan losses (9,372) (9,101)
Net Loans 1,067,410 1,043,764
Premises and equipment 26,079 25,081
Bank owned life insurance 23,167 22,970
Accrued interest receivable and other assets 21,335 24,100
Goodwill 18,480 18,480
TOTAL ASSETS 1,433,951 1,418,804
Deposits:    
Noninterest bearing 119,271 115,692
Interest bearing 1,017,195 991,325
Total deposits 1,136,466 1,107,017
Accrued interest payable and other liabilities 12,930 16,557
Repurchase agreements 21,695 25,160
FHLB and other borrowings 90,611 90,921
Subordinated debt 33,524 33,524
Total liabilities 1,295,226 1,273,179
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $1,000; 20,000 authorized; 783 and 9,283 issued in 2017 and 2016, respectively (See Footnote 7) 7,834 16,334
Common stock, par value $1; 20,000,000 shares authorized; 10,047,621 issued and 9,996,544 outstanding in 2017 and 2016, respectively 10,048 10,048
Additional paid-in capital 93,560 93,412
Retained earnings 32,387 31,192
Accumulated other comprehensive loss (4,020) (4,277)
Treasury stock, 51,077 shares, at cost (1,084) (1,084)
Total stockholders’ equity 138,725 145,625
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,433,951 $ 1,418,804