XML 14 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 39,396 $ 28,366
Interest bearing deposits in other banks 22,192 15,225
Federal funds sold 5,526 0
Cash and cash equivalents 67,114 43,591
Investment securities held to maturity (fair value: $62,827 at December 31, 2016; $76,310 at December 31, 2015) 62,757 76,133
Loans held for sale 10,307 13,203
Loans receivable, net of allowance for loan losses of $8,969 and $8,758 in 2016 and 2015, respectively 601,309 589,656
Premises and equipment, net 24,030 24,290
Foreclosed real estate 973 1,744
Federal Home Loan Bank stock, at cost 4,933 5,626
Net deferred income taxes 10,081 0
Accrued interest receivable and other assets 5,981 7,836
Total assets 787,485 762,079
Liabilities    
Deposits 571,946 523,771
Long-term borrowings 103,500 115,000
Subordinated debentures 20,619 24,119
Accrued interest payable and other liabilities 3,490 12,733
Total Liabilities 699,555 675,623
Stockholders' Equity    
Common stock, $0.01 par value, 20,000,000 shares authorized; 12,123,179 and 10,088,879 shares issued and outstanding, respectively 121 101
Additional paid-in capital 63,960 76,335
Retained earnings 23,845 10,016
Total stockholders' equity 87,930 86,456
Total liabilities and stockholders' equity 787,485 762,079
Series A Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock 4 4
Series B Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock $ 0 $ 0