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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 20,866 $ 19,795
Interest-bearing balances with other financial institutions 5,346 3,028
Federal funds sold 32,963 691
Total cash and cash equivalents 59,175 23,514
Available for sale debt securities, at fair value 122,342 92,959
Investment securities available for sale, at fair value 122,342 93,465
Investment securities held to maturity, at amortized cost (fair value $128,352 and $100,483) 131,293 101,356
Loans held for sale 1,348 1,040
Loans and leases, net of unearned interest 1,007,138 910,404
Less: Allowance for loan and lease losses (7,666) (7,606)
Net loans and leases 999,472 902,798
Bank premises and equipment, net 20,015 16,168
Cash surrender value of life insurance 13,106 13,042
Restricted investment in bank stocks 2,759 4,384
Foreclosed assets held for sale 745 189
Accrued interest receivable 5,079 4,564
Deferred income taxes 3,821 1,888
Goodwill 22,528 3,918
Core deposit and other intangibles, net 5,126 434
Other assets 4,408 3,594
Total Assets 1,391,217 1,170,354
LIABILITIES & SHAREHOLDERS’ EQUITY    
Deposits: Noninterest-bearing demand 195,330 163,714
Deposits: Interest-bearing demand 355,939 349,241
Deposits: Money Market 270,489 246,220
Deposits: Savings 174,920 62,770
Deposits: Time 215,745 201,623
Total Deposits 1,212,423 1,023,568
Short-term borrowings   34,611
Long-term debt 12,297 12,352
Subordinated debt 17,335 17,338
Accrued interest payable 922 645
Other liabilities 9,116 6,137
Total Liabilities 1,252,093 1,094,651
Shareholders' Equity:    
Common stock, par value $1.00; authorized 10,000,000 shares; 6,122,717 and 4,242,216 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 6,123 4,242
Additional paid-in capital 103,382 40,970
Retained earnings 33,525 32,565
Accumulated other comprehensive loss (3,906) (2,074)
Total Shareholders’ Equity 139,124 75,703
Total Liabilities and Shareholders' Equity $ 1,391,217 $ 1,170,354