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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 18,345 $ 22,105
Federal funds sold and interest-bearing deposits 84,859 83,790
Cash and cash equivalents 103,204 105,895
Securities:    
Securities available for sale 52,246 40,568
Securities held to maturity (fair value of $20,729 and $20,968 respectively) 20,776 20,979
Total securities 73,022 61,547
Loans:    
SBA loans held for sale 12,163 14,773
SBA loans held for investment 42,403 42,492
SBA 504 loans 25,111 26,344
Commercial loans 519,338 509,171
Residential mortgage loans 305,578 289,093
Consumer loans 96,084 91,541
Total loans 1,000,677 973,414
Allowance for loan losses (12,681) (12,579)
Net loans 987,996 960,835
Premises and equipment, net 23,261 23,398
Bank owned life insurance (BOLI) 13,847 13,758
Deferred tax assets 5,552 5,512
Federal Home Loan Bank (FHLB) stock 5,992 6,037
Accrued interest receivable 4,483 4,462
Other real estate owned (OREO) 1,172 1,050
Goodwill and other intangibles 1,516 1,516
Other assets 6,123 5,896
Total assets 1,226,168 1,189,906
Deposits:    
Noninterest-bearing demand 220,750 215,963
Interest-bearing demand 146,091 145,654
Savings 389,802 363,462
Time, under $100,000 124,907 123,724
Time, $100,000 to $250,000 76,835 75,567
Time, $250,000 and over 22,318 21,353
Total deposits 980,703 945,723
Borrowed funds 120,000 121,000
Subordinated debentures 10,310 10,310
Accrued interest payable 405 430
Accrued expenses and other liabilities 5,445 6,152
Total liabilities 1,116,863 1,083,615
Commitments and contingencies
Shareholders' equity:    
Common stock 85,757 85,383
Retained earnings 23,414 20,748
Accumulated other comprehensive income 134 160
Total shareholders' equity 109,305 106,291
Total liabilities and shareholders' equity $ 1,226,168 $ 1,189,906
Outstanding common shares (in shares) 10,535 10,477
Issued common shares (in shares) 10,535 10,477