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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Cash and cash equivalents:    
Cash and due from banks $ 18,071 $ 14,747
Interest bearing balances with banks 3,138 7,474
Total cash and cash equivalents 21,209 22,221
Certificates of deposit with other banks 14,530 14,778
Investment securities available-for-sale, at fair value 215,587 221,614
Equity securities 18,364 9,599
Loans held for sale 119,906 75,807
Loans: 1,326,682 1,304,366
Less: Allowance for loan losses (11,168) (10,939)
Net Loans 1,315,514 1,293,427
Premises and equipment, net 25,691 26,545
Bank owned life insurance 34,352 34,291
Accrued interest receivable and other assets 49,385 34,207
Goodwill 18,480 18,480
TOTAL ASSETS 1,833,018 1,750,969
Deposits:    
Noninterest bearing 270,592 213,597
Interest bearing 1,107,145 1,095,557
Total deposits 1,377,737 1,309,154
Accrued interest payable and other liabilities 41,752 17,706
Repurchase agreements 9,429 14,925
FHLB and other borrowings 186,900 214,887
Subordinated debt 16,524 17,524
Total liabilities 1,632,342 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; 11,763,996 shares issued and 11,712,919 shares outstanding in 2019 and 11,658,370 shares issued and 11,607,293 shares outstanding in 2018 11,764 11,658
Additional paid-in capital 118,948 116,897
Retained earnings 65,728 48,274
Accumulated other comprehensive loss (2,514) (6,806)
Treasury stock, 51,077 shares, at cost (1,084) (1,084)
Total stockholders’ equity 200,676 176,773
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,833,018 $ 1,750,969