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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets:    
Cash and due from banks $ 14,969 $ 9,730
Interest-bearing deposits in other banks 70,781 41,462
Total cash and cash equivalents 85,750 51,192
Securities available-for-sale, at fair value 174,251 159,030
Securities held-to-maturity, at amortized cost 35,357 35,899
Loans, net of deferred fees and costs 725,228 717,509
Allowance for loan and lease losses (11,495) (11,180)
Net loans 713,733 706,329
Premises and equipment, net 15,494 11,072
Other real estate owned 1,011 1,423
Life insurance 22,642 22,485
Deferred tax asset, net 8,389 9,760
Goodwill and core deposit intangibles, net 2,469  
Other assets 17,987 18,251
Total assets 1,077,083 1,015,441
Liabilities:    
Demand - noninterest bearing 212,758 169,507
Demand - interest bearing 392,325 315,658
Savings accounts 105,828 94,503
Certificates of deposit 226,756 224,067
Total deposits 937,667 803,735
Term debt:    
Principal amount 19,839 94,917
Less unamortized debt issuance costs (213) (223)
Net term debt 19,626 94,694
Junior subordinated debentures 10,310 10,310
Other liabilities 18,762 16,180
Total liabilities $ 986,365 $ 924,919
Commitments and contingencies (Note 12)
Shareholders' equity:    
Common stock, no par value, 50,000,000 shares authorized: 17,161,096 issued; 13,441,606 outstanding as of March 31, 2016 and 13,385,154 outstanding as of December 31, 2015 $ 24,325 $ 24,214
Retained earnings 65,201 66,562
Accumulated other comprehensive income (loss) 1,192 (254)
Total shareholders' equity 90,718 90,522
Total liabilities and shareholders' equity $ 1,077,083 $ 1,015,441