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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Cash and cash equivalents:    
Cash and due from banks $ 17,201 $ 14,846
Interest bearing balances with banks 3,071 2,494
Total cash and cash equivalents 20,272 17,340
Certificates of deposit with other banks 14,778 14,527
Investment Securities available-for-sale 187,348 162,368
Loans held for sale 69,057 90,174
Loans: 1,094,467 1,052,865
Less: Allowance for loan losses (9,396) (9,101)
Net Loans 1,085,071 1,043,764
Premises and equipment 27,189 25,081
Bank owned life insurance 23,473 22,970
Accrued interest receivable and other assets 25,922 24,100
Goodwill 18,480 18,480
TOTAL ASSETS 1,471,590 1,418,804
Deposits:    
Noninterest bearing 121,541 115,692
Interest bearing 1,043,658 991,325
Total deposits 1,165,199 1,107,017
Accrued interest payable and other liabilities 14,442 16,557
Repurchase agreements 25,045 25,160
FHLB and other borrowings 84,403 90,921
Subordinated debt 33,524 33,524
Total liabilities 1,322,613 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; 10,495,704 shares issued and 10,444,627 shares outstanding in 2017; 10,047,621 shares issued and 9,996,544 shares outstanding in 2016 10,496 10,048
Additional paid-in capital 98,391 93,412
Retained earnings 36,197 31,192
Accumulated other comprehensive loss (2,857) (4,277)
Treasury stock, 51,077 shares, at cost (1,084) (1,084)
Total stockholders’ equity 148,977 145,625
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,471,590 $ 1,418,804