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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 26,919 $ 22,681
Federal funds sold and interest-bearing deposits 99,554 65,476
Cash and cash equivalents 126,473 88,157
Securities:    
Securities available for sale 48,566 52,865
Securities held to maturity (fair value of $18,556 and $18,607, respectively) 18,163 18,471
Total securities 66,729 71,336
Loans:    
SBA loans held for sale 13,224 13,114
SBA loans held for investment 38,863 39,393
SBA 504 loans 27,482 29,353
Commercial loans 467,266 465,518
Residential mortgage loans 260,957 264,523
Consumer loans 79,198 77,057
Total loans 886,990 888,958
Allowance for loan losses (12,634) (12,759)
Net loans 874,356 876,199
Premises and equipment, net 19,211 15,171
Bank owned life insurance ("BOLI") 13,475 13,381
Deferred tax assets 6,029 5,968
Federal Home Loan Bank ("FHLB") stock 4,735 4,600
Accrued interest receivable 3,839 3,884
Other real estate owned ("OREO") 1,417 1,591
Goodwill and other intangibles 1,516 1,516
Other assets 3,175 3,063
Total assets 1,120,955 1,084,866
Liabilities:    
Deposits: Noninterest-bearing demand 188,026 185,267
Deposits: Interest-bearing demand 128,774 130,605
Deposits: Savings 320,982 301,447
Time deposits, under $100,000 145,784 134,468
Time deposits, $100,000 and over, under $250,000 106,419 104,106
Time deposits, $250,000 and over 36,834 38,600
Total deposits 926,819 894,493
Borrowed funds 95,000 92,000
Subordinated debentures 10,310 15,465
Accrued interest payable 390 461
Accrued expenses and other liabilities 6,160 3,977
Total liabilities $ 1,038,679 $ 1,006,396
Commitments and contingencies
Shareholders' equity:    
Common stock $ 59,546 $ 59,371
Retained earnings 23,431 19,566
Accumulated other comprehensive (loss) [1] (701) (467)
Total shareholders' equity 82,276 78,470
Total liabilities and shareholders' equity $ 1,120,955 $ 1,084,866
[1] All amounts are net of tax.