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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Cash and cash equivalents:    
Cash and due from banks $ 16,522 $ 13,403
Interest bearing balances 8,613 16,674
Total cash and cash equivalents 25,135 30,077
Certificates of deposit with other banks 13,150 11,907
Investment Securities:    
Securities available-for-sale 68,158 68,213
Securities held-to-maturity (fair value of $53,923 for 2015 and $55,871 for 2014) 52,969 54,538
Loans held for sale 73,047 69,527
Loans: 994,833 798,297
Less: Allowance for loan losses (7,388) (6,223)
Net Loans 987,445 792,074
Bank premises, furniture and equipment 26,292 25,472
Bank owned life insurance 22,172 21,679
Accrued interest receivable and other assets 19,681 19,193
Goodwill 18,480 17,779
Total assets 1,306,529 1,110,459
Deposits:    
Non-interest bearing 87,244 67,066
Interest bearing 931,011 756,161
Total Deposits 1,018,255 823,227
Accrued interest, taxes, and other liabilities 11,591 10,310
Repurchase agreements 26,562 32,673
FHLB and other borrowings 102,468 101,287
Subordinated debt 33,524 33,524
Total Liabilities 1,192,400 1,001,021
STOCKHOLDERS' EQUITY    
Preferred stock, par value $1,000; 20,783 authorized and 9,283 issued in 2015 and 2014, respectively 16,334 16,334
Common stock, par value $1; 20,000,000 shares authorized; 8,112,998 and 8,034,362 issued; and 8,061,921 and 7,983,285 outstanding in 2015 and 2014, respectively 8,113 8,034
Additional paid-in capital 74,123 74,342
Retained earnings 18,958 14,454
Accumulated other comprehensive loss (2,315) (2,642)
Treasury Stock, 51,077 shares, at cost (1,084) (1,084)
Total Stockholders' Equity 114,129 109,438
Total liabilities and stockholders’ equity $ 1,306,529 $ 1,110,459