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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Cash and cash equivalents:    
Cash and due from banks $ 17,026 $ 14,846
Interest bearing balances with banks 779 2,494
Total cash and cash equivalents 17,805 17,340
Certificates of deposit with other banks 14,527 14,527
Investment Securities:    
Securities available-for-sale 175,110 162,368
Loans held for sale 107,825 90,174
Loans: 1,102,378 1,052,865
Less: Allowance for loan losses (9,748) (9,101)
Net Loans 1,092,630 1,043,764
Premises and equipment 27,462 25,081
Bank owned life insurance 23,322 22,970
Accrued interest receivable and other assets 29,892 24,100
Goodwill 18,480 18,480
TOTAL ASSETS 1,507,053 1,418,804
Deposits:    
Noninterest bearing 121,355 115,692
Interest bearing 978,253 991,325
Total deposits 1,099,608 1,107,017
Accrued interest payable and other liabilities 15,509 16,557
Repurchase agreements 22,194 25,160
FHLB and other borrowings 189,384 90,921
Subordinated debt 33,524 33,524
Total liabilities 1,360,219 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; 10,494,350 shares issued and 10,443,273 shares outstanding in 2017; 10,047,621 shares issued and 9,996,544 shares outstanding in 2016 10,494 10,048
Additional paid-in capital 98,216 93,412
Retained earnings 34,264 31,192
Accumulated other comprehensive loss (2,890) (4,277)
Treasury stock, 51,077 shares, at cost (1,084) (1,084)
Total stockholders’ equity 146,834 145,625
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,507,053 $ 1,418,804