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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Cash and cash equivalents:    
Cash and due from banks $ 15,185 $ 14,747
Interest bearing balances with banks 2,773 7,474
Total cash and cash equivalents 17,958 22,221
Certificates of deposit with other banks 14,778 14,778
Investment Securities:    
Securities available-for-sale, at fair value 224,741 221,614
Equity securities 9,841 9,599
Loans held for sale 65,955 75,807
Loans: 1,341,218 1,304,366
Less: Allowance for loan losses (11,242) (10,939)
Net Loans 1,329,976 1,293,427
Premises and equipment 25,922 26,545
Bank owned life insurance 34,128 34,291
Accrued interest receivable and other assets 48,129 34,207
Goodwill 18,480 18,480
TOTAL ASSETS 1,789,908 1,750,969
Deposits:    
Noninterest bearing 236,086 213,597
Interest bearing 1,194,573 1,095,557
Total deposits 1,430,659 1,309,154
Accrued interest payable and other liabilities 33,416 17,706
Repurchase agreements 12,553 14,925
FHLB and other borrowings 114,884 214,887
Subordinated debt 17,524 17,524
Total liabilities 1,609,036 1,574,196
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $1,000; 20,000 authorized; 783 issued in 2019 and 2018, respectively (See Footnote 7) 7,834 7,834
Common stock, par value $1; 20,000,000 shares authorized; 11,665,870 shares issued and 11,614,793 shares outstanding in 2019 and 11,658,370 shares issued and 11,607,293 shares outstanding in 2018 11,666 11,658
Additional paid-in capital 117,408 116,897
Retained earnings 50,937 48,274
Accumulated other comprehensive loss (5,889) (6,806)
Treasury stock, 51,077 shares, at cost (1,084) (1,084)
Total stockholders’ equity 180,872 176,773
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,789,908 $ 1,750,969