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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets:    
Cash and due from banks $ 17,979 $ 16,419
Interest-bearing deposits in other banks 48,991 51,988
Total cash and cash equivalents 66,970 68,407
Securities available-for-sale, at fair value 267,954 175,174
Securities held-to-maturity, at amortized cost 31,187
Loans, net of deferred fees and costs 881,545 805,535
Allowance for loan and lease losses (11,925) (11,544)
Net loans 869,620 793,991
Premises and equipment, net 14,748 16,226
Other real estate owned 35 759
Life insurance 21,898 23,098
Deferred tax asset, net 6,505 9,542
Goodwill and core deposit intangible, net 2,030 2,252
Other assets 19,661 20,356
Total assets 1,269,421 1,140,992
Liabilities:    
Demand - noninterest-bearing 305,650 270,398
Demand - interest-bearing 496,990 405,569
Savings 110,837 113,309
Certificates of deposit 189,255 215,390
Total deposits 1,102,732 1,004,666
Principal 17,096 18,917
Less unamortized debt issuance costs (138) (184)
Net term debt 16,958 18,733
Junior subordinated debentures 10,310 10,310
Other liabilities 12,157 13,177
Total liabilities 1,142,157 1,046,886
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Common stock, no par value, 50,000,000 shares authorized; issued and outstanding - 16,271,563 as of December 31, 2017 and 13,440,422 as of December 31, 2016 51,830 24,547
Retained earnings 75,700 70,218
Accumulated other comprehensive loss, net of tax (266) (659)
Total shareholders’ equity [1] 127,264 94,106
Total liabilities and shareholders’ equity $ 1,269,421 $ 1,140,992
[1] Excludes 43 unvested restricted shares