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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 36,073 $ 19,830
Interest bearing deposits with banks 25,869 14,724
Cash and cash equivalents 61,942 34,554
Investment securities available for sale, at fair value 464,430 369,739
Investment securities held to maturity, at amortized cost (fair value of $463,799 and $425,183, respectively) 472,213 432,499
Restricted stock, at cost 1,918 1,366
Loans held for sale (includes $43,375 and $23,911 at fair value respectively) 45,700 28,065
Loans receivable (net of allowance for loan losses of $8,599 and $9,155, respectively) 1,153,679 955,817
Premises and equipment, net 74,947 57,040
Other real estate owned, net 6,966 10,174
Accrued interest receivable 7,009 5,497
Goodwill 5,011 5,011
Intangible asset 61
Other assets 28,532 24,108
Total Assets 2,322,347 1,923,931
Deposits    
Demand - non-interest bearing 438,500 324,912
Demand - interest bearing 807,736 605,950
Money market and savings 700,322 635,644
Time deposits 116,737 111,164
Total Deposits 2,063,295 1,677,670
Accrued interest payable 293 444
Other liabilities 10,618 8,883
Subordinated debt 21,681 21,881
Total Liabilities 2,095,887 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 57,518,609 as of December 31, 2017 and 57,283,712 as of December 31, 2016; shares outstanding 56,989,764 as of December 31, 2017 and 56,754,867 as of December 31, 2016 575 573
Additional paid in capital 256,285 253,570
Accumulated deficit (18,983) (27,888)
Treasury stock at cost (503,408 shares as of December 31, 2017 and December 31, 2016) (3,725) (3,725)
Stock held by deferred compensation plan (25,437 shares as of December 31, 2017 and December 31, 2016) (183) (183)
Accumulated other comprehensive loss (7,509) (7,294)
Total Shareholders’ Equity 226,460 215,053
Total Liabilities and Shareholders’ Equity $ 2,322,347 $ 1,923,931