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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 25,119 $ 19,830
Interest bearing deposits with banks 11,472 14,724
Cash and cash equivalents 36,591 34,554
Investment securities available for sale, at fair value 362,328 369,739
Investment securities held to maturity, at amortized cost (fair value of $413,699 and $425,183, respectively) 421,850 432,499
Restricted stock, at cost 1,366 1,366
Loans held for sale 25,098 28,065
Loans receivable (net of allowance for loan losses of $9,181 and $9,155 respectively) 1,016,962 955,817
Premises and equipment, net 58,926 57,040
Other real estate owned, net 9,944 10,174
Accrued interest receivable 5,987 5,497
Goodwill 5,011 5,011
Intangible asset 35 61
Other assets 24,490 24,108
Total Assets 1,968,588 1,923,931
LIABILITIES AND SHAREHOLDERS' EQUITY    
Demand - non-interest bearing 364,278 324,912
Demand - interest bearing 629,583 605,950
Money market and savings 620,218 635,644
Time deposits 106,433 111,164
Total Deposits 1,720,512 1,677,670
Accrued interest payable 490 444
Other liabilities 7,614 8,883
Subordinated debt 21,648 21,881
Total Liabilities 1,750,264 1,708,878
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 57,415,434 as of March 31, 2017 and 57,283,712 as of December 31, 2016; shares outstanding 56,886,589 as of March 31, 2017 and 56,754,867 as of December 31, 2016 574 573
Additional paid in capital 254,403 253,570
Accumulated deficit (26,101) (27,888)
Treasury stock at cost (503,408 shares as of March 31, 2017 and December 31, 2016) (3,725) (3,725)
Stock held by deferred compensation plan (25,437 shares as of March 31, 2017 and December 31, 2016) (183) (183)
Accumulated other comprehensive loss [1] (6,644) (7,294)
Total Shareholders’ Equity 218,324 215,053
Total Liabilities and Shareholders’ Equity $ 1,968,588 $ 1,923,931
[1] All amounts are net of tax. Amounts in parentheses indicate reductions to other comprehensive income.