XML 13 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Cash and cash equivalents:    
Cash and due from banks $ 15,314 $ 14,302
Interest bearing balances with banks 13,412 14,831
Total cash and cash equivalents 28,726 29,133
Certificates of deposit with other banks 13,150 13,150
Investment Securities:    
Securities available-for-sale 134,825 70,256
Securities held-to-maturity (fair value of $0 for 2016 and $54,470 for 2015)   52,859
Loans held for sale 98,876 102,623
Loans: 1,075,606 1,032,170
Less: Allowance for loan losses (8,447) (8,006)
Net Loans 1,067,159 1,024,164
Premises and equipment 26,377 26,275
Bank owned life insurance 22,493 22,332
Accrued interest receivable and other assets 22,554 25,204
Goodwill 18,480 18,480
Total assets 1,432,640 1,384,476
Deposits:    
Non-interest bearing 86,603 80,423
Interest bearing 1,004,965 931,891
Total Deposits 1,091,568 1,012,314
Accrued interest payable and other liabilities 14,655 13,291
Repurchase agreements 29,561 27,437
FHLB and other borrowings 146,267 183,198
Subordinated debt 33,524 33,524
Total Liabilities 1,315,575 1,269,764
STOCKHOLDERS' EQUITY    
Preferred stock, par value $1,000; 20,000 authorized and 9,283 issued in 2016 and 2015, respectively (See Footnote 7) 16,334 16,334
Common stock, par value $1; 20,000,000 shares authorized; 8,129,077 and 8,112,998 issued; and 8,078,000 and 8,061,921 outstanding in 2016 and 2015, respectively 8,129 8,113
Additional paid-in capital 74,309 74,228
Retained earnings 21,503 20,054
Accumulated other comprehensive loss (2,126) (2,933)
Treasury Stock, 51,077 shares, at cost (1,084) (1,084)
Total Stockholders' Equity 117,065 114,712
Total liabilities and stockholders’ equity $ 1,432,640 $ 1,384,476