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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 23,217 $ 23,701
Federal funds sold, interest-bearing deposits and repos 121,339 126,553
Cash and cash equivalents 144,556 150,254
Securities:    
Securities available for sale (amortized cost of $48,596 and $52,763 in 2018 and 2017, respectively) 46,874 52,287
Securities held to maturity (fair value of $15,016 and $16,346 in 2018 and 2017, respectively) 15,325 16,307
Equity securities (amortized cost of $1,262 in 2018 and 2017) 1,200 1,206
Total securities 63,399 69,800
Loans:    
SBA loans held for sale 13,029 22,810
SBA loans held for investment 41,051 43,999
Commercial loans 697,075 628,865
Residential mortgage loans 413,652 365,145
Consumer loans 118,497 109,855
Total loans 1,283,304 1,170,674
Allowance for loan losses (14,988) (13,556)
Net loans 1,268,316 1,157,118
Premises and equipment, net 23,416 23,470
Bank owned life insurance (BOLI) 24,544 24,227
Deferred tax assets 5,310 4,017
Federal Home Loan Bank (FHLB) stock 9,445 12,863
Accrued interest receivable 6,412 5,447
Other real estate owned (OREO) 56 426
Goodwill 1,516 1,516
Prepaid expenses and other assets 6,182 6,358
Total assets 1,553,152 1,455,496
Liabilities:    
Noninterest-bearing demand 271,321 256,119
Interest-bearing demand 180,189 164,997
Savings 408,927 396,557
Time, under $100,000 187,078 133,881
Time, $100,000 to $250,000 112,916 71,480
Time, $250,000 and over 59,042 20,103
Total deposits 1,219,473 1,043,137
Borrowed funds 180,000 275,000
Subordinated debentures 10,310 10,310
Accrued interest payable 506 436
Accrued expenses and other liabilities 9,796 8,508
Total liabilities 1,420,085 1,337,391
Shareholders' equity:    
Common stock 88,149 86,782
Retained earnings 45,121 31,117
Accumulated other comprehensive (loss) income (203) 206
Total shareholders' equity 133,067 118,105
Total liabilities and shareholders' equity $ 1,553,152 $ 1,455,496
Outstanding common shares (in shares) 10,756 10,615
Issued common shares (in shares) 10,756 10,615