XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 23,061,000 $ 13,777,000
Interest bearing deposits with banks 126,980,000 13,362,000
Cash and cash equivalents 150,041,000 27,139,000
Investment securities available for sale, at fair value 299,385,000 284,795,000
Investment securities held to maturity, at amortized cost (fair value of $223,247 and $171,845, respectively) 220,470,000 172,277,000
Restricted stock, at cost 1,366,000 3,059,000
Loans held for sale 29,715,000 3,653,000
Loans receivable (net of allowance for loan losses of $9,453 and $8,703, respectively) 936,088,000 866,066,000
Premises and equipment, net 55,573,000 46,164,000
Other real estate owned, net 10,271,000 11,313,000
Accrued interest receivable 4,588,000 4,216,000
Goodwill 4,892,000
Intangible asset 87,000
Other assets 21,986,000 20,761,000
Total Assets 1,734,462,000 1,439,443,000
LIABILITIES AND SHAREHOLDERS' EQUITY    
Demand - non-interest bearing 302,372,000 243,695,000
Demand - interest bearing 587,197,000 381,499,000
Money market and savings 583,536,000 556,526,000
Time deposits 109,127,000 67,578,000
Total Deposits 1,582,232,000 1,249,298,000
Short-term borrowings 47,000,000
Accrued interest payable 339,000 245,000
Other liabilities 9,763,000 7,049,000
Subordinated debt 22,476,000 22,476,000
Total Liabilities 1,614,810,000 1,326,068,000
Shareholders’ Equity    
Preferred stock, par value $0.01 per share: 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, par value $0.01 per share: 100,000,000 shares authorized; shares issued 38,446,223 as of September 30, 2016 and 38,365,848 as of December 31, 2015; shares outstanding 37,917,378 as of September 30, 2016 and 37,837,003 as of December 31, 2015 384,000 384,000
Additional paid in capital 153,887,000 152,897,000
Accumulated deficit (29,385,000) (32,833,000)
Treasury stock at cost (503,408 shares as of September 30, 2016 and December 31, 2015) (3,725,000) (3,725,000)
Stock held by deferred compensation plan (25,437 shares as of September 30, 2016 and December 31, 2015) (183,000) (183,000)
Accumulated other comprehensive loss [1] (1,326,000) (3,165,000)
Total Shareholders’ Equity 119,652,000 113,375,000
Total Liabilities and Shareholders’ Equity $ 1,734,462,000 $ 1,439,443,000
[1] All amounts are net of tax. Amounts in parentheses indicate reductions to other comprehensive income.