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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Cash and due from banks $ 16,419 $ 9,730
Interest-bearing deposits in other banks 51,988 41,462
Total cash and cash equivalents 68,407 51,192
Securities available-for-sale, at fair value 175,174 159,030
Securities held-to-maturity, at amortized cost 31,187 35,899
Loans, net of deferred fees and costs 805,535 717,509
Allowance for loan and lease losses (11,544) (11,180)
Net loans 793,991 706,329
Premises and equipment, net 16,226 11,072
Other real estate owned 759 1,423
Life insurance 23,098 22,485
Deferred tax asset, net 9,542 9,760
Goodwill and core deposit intangible, net 2,252
Other assets 20,356 18,251
Total assets 1,140,992 1,015,441
Liabilities:    
Demand - noninterest bearing 270,398 169,507
Demand - interest bearing 405,569 315,658
Savings 113,309 94,503
Certificates of deposit 215,390 224,067
Total deposits 1,004,666 803,735
Principal 18,917 94,917
Less unamortized debt issuance costs (184) (223)
Net term debt 18,733 94,694
Junior subordinated debentures 10,310 10,310
Other liabilities 13,177 16,180
Total liabilities 1,046,886 924,919
Commitments and contingencies (Note 16)
Shareholders’ equity:    
Common stock, no par value, 50,000,000 shares authorized; 17,162,996 issued; 13,440,422 outstanding as of December 31, 2016 and 13,385,154 outstanding as of December 31, 2015 24,547 24,214
Retained earnings 70,218 66,562
Accumulated other comprehensive loss (659) (254)
Total shareholders’ equity 94,106 90,522
Total liabilities and shareholders’ equity $ 1,140,992 $ 1,015,441