Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets:
Cash and due from banks	$ 9,730	$ 9,571
Interest-bearing deposits in other banks	41,462	48,851
Total cash and cash equivalents	51,192	58,422
Securities available-for-sale, at fair value	159,030	186,986
Securities held-to-maturity, at amortized cost	35,899	36,806
Loans, net of deferred fees and costs	717,509	661,055
Allowance for loan and lease losses	(11,180)	(10,820)
Net loans	706,329	650,235
Premises and equipment, net	11,072	12,294
Other real estate owned	1,423	502
Life insurance	22,485	21,844
Deferred tax asset, net	9,760	10,231
Other assets	18,251	19,872
Total assets	1,015,441	997,192
Liabilities:
Demand - noninterest bearing	169,507	157,557
Demand - interest bearing	315,658	298,160
Savings accounts	94,503	88,569
Certificates of deposit	224,067	244,749
Total deposits	803,735	789,035
Term debt:
Principal amount	94,917	75,000
Less unamortized discount and debt issuance costs	(223)
Net term debt	94,694	75,000
Junior subordinated debentures	10,310	10,310
Other liabilities	16,180	19,245
Total liabilities	$ 924,919	$ 893,590
Commitments and contingencies (Note 15)
Shareholders’ equity:
Preferred stock, no par value, 2,000,000 shares authorized: no shares issued or outstanding as of December 31, 2015. Series B (liquidation preference $1,000 per share) 20,000 issued and outstanding as of December 31, 2014		$ 19,931
Common stock, no par value, 50,000,000 shares authorized; 17,104,644 issued; 13,385,154 outstanding as of December 31, 2015 and 13,297,777 outstanding as of December 31, 2014	$ 24,214	23,891
Retained earnings	66,562	59,867
Accumulated other comprehensive loss	(254)	(87)
Total shareholders’ equity	90,522	103,602
Total liabilities and shareholders’ equity	$ 1,015,441	$ 997,192