XML 21 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Cash and cash equivalents:    
Cash and due from banks $ 16,345 $ 14,846
Interest bearing balances with banks 3,960 2,494
Total cash and cash equivalents 20,305 17,340
Certificates of deposit with other banks 14,778 14,527
Investment Securities:    
Securities available-for-sale 231,507 162,368
Loans held for sale 66,794 90,174
Loans receivable: 1,105,941 1,052,865
Less: Allowance for loan losses (9,878) (9,101)
Net Loans 1,096,063 1,043,764
Premises and equipment 26,686 25,081
Bank owned life insurance 32,666 22,970
Accrued interest receivable and other assets 27,023 24,100
Goodwill 18,480 18,480
TOTAL ASSETS 1,534,302 1,418,804
Deposits:    
Noninterest bearing 125,963 115,692
Interest bearing 1,033,617 991,325
Total deposits 1,159,580 1,107,017
Accrued interest payable and other liabilities 16,434 16,557
Repurchase agreements 22,403 25,160
FHLB and other borrowings 152,169 90,921
Subordinated debt 33,524 33,524
Total liabilities 1,384,110 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 12) 7,834 16,334
Common stock, par value $1; 20,000,000 shares authorized; 10,495,704 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 98,698 93,412
Retained earnings 37,236 31,192
Accumulated other comprehensive loss (2,988) (4,277)
Treasury Stock, 51,077 shares, at cost (1,084) (1,084)
Total stockholders’ equity 150,192 145,625
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,534,302 $ 1,418,804