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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Cash and cash equivalents:    
Cash and due from banks $ 18,641 $ 16,345
Interest bearing balances with banks 3,404 3,960
Total cash and cash equivalents 22,045 20,305
Certificates of deposit with other banks 14,778 14,778
Investment Securities:    
Securities available-for-sale, at fair value 216,714  
Securities available-for-sale, including equity and other   231,507
Equity securities 9,592  
Loans held for sale 63,706 66,794
Loans: 1,296,460 1,105,941
Less: Allowance for loan losses (11,439) (9,878)
Net Loans 1,285,021 1,096,063
Premises and equipment 26,706 26,686
Bank owned life insurance 32,918 32,666
Accrued interest receivable and other assets 33,144 27,023
Goodwill 18,480 18,480
TOTAL ASSETS 1,723,104 1,534,302
Deposits:    
Noninterest bearing 240,847 125,963
Interest bearing 1,138,339 1,033,617
Total deposits 1,379,186 1,159,580
Accrued interest payable and other liabilities 16,763 16,434
Repurchase agreements 15,755 22,403
FHLB and other borrowings 122,000 152,169
Subordinated debt 18,524 33,524
Total liabilities 1,552,228 1,384,110
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $1,000; 20,000 authorized; 783 issued in 2018 and 2017, respectively (See Footnote 7) 7,834 7,834
Common stock, par value $1; 20,000,000 shares authorized; 11,588,070 shares issued and 11,536,993 shares outstanding in 2018 and 10,495,704 shares issued and 10,444,627 shares outstanding in 2017 11,588 10,496
Additional paid-in capital 115,497 98,698
Retained earnings 45,745 37,236
Accumulated other comprehensive loss (8,704) (2,988)
Treasury stock, 51,077 shares, at cost (1,084) (1,084)
Total stockholders’ equity 170,876 150,192
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,723,104 $ 1,534,302