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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Cash and cash equivalents:    
Cash and due from banks $ 10,564 $ 14,302
Interest bearing balances with banks 18,198 14,831
Total cash and cash equivalents 28,762 29,133
Certificates of deposit with other banks 13,150 13,150
Investment Securities:    
Securities available-for-sale 138,844 70,256
Securities held-to-maturity (fair value of $0 for 2016 and $54,470 for 2015)   52,859
Loans held for sale 131,671 102,623
Loans: 1,087,506 1,032,170
Less: Allowance for loan losses (9,091) (8,006)
Net Loans 1,078,415 1,024,164
Premises and equipment 25,846 26,275
Bank owned life insurance 22,651 22,332
Accrued interest receivable and other assets 27,143 25,204
Goodwill 18,480 18,480
Total assets 1,484,962 1,384,476
Deposits:    
Non-interest bearing 96,351 80,423
Interest bearing 970,891 931,891
Total Deposits 1,067,242 1,012,314
Accrued interest payable and other liabilities 21,121 13,291
Repurchase agreements 26,048 27,437
FHLB and other borrowings 213,008 183,198
Subordinated debt 33,524 33,524
Total Liabilities 1,360,943 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 74,472 74,228
Retained earnings 27,526 20,054
Accumulated other comprehensive loss (1,358) (2,933)
Treasury Stock, 51,077 shares, at cost (1,084) (1,084)
Total Stockholders' Equity 124,019 114,712
Total liabilities and stockholders’ equity $ 1,484,962 $ 1,384,476