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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 20,028 $ 23,701
Federal funds sold, interest-bearing deposits and repos 125,487 126,553
Cash and cash equivalents 145,515 150,254
Securities:    
Securities available for sale (amortized cost of $47,762 and $52,763 in 2018 and 2017, respectively) 46,713 52,287
Securities held to maturity (fair value of $14,802 and $16,346 in 2018 and 2017, respectively) 14,875 16,307
Equity securities (amortized cost of $2,394 and $1,262 in 2018 and 2017, respectively) 2,144 1,206
Total securities 63,732 69,800
Loans:    
SBA loans held for sale 11,171 22,810
SBA loans held for investment 39,333 43,999
Commercial loans 694,102 628,865
Residential mortgage loans 436,056 365,145
Consumer loans 123,904 109,855
Total loans 1,304,566 1,170,674
Allowance for loan losses (15,488) (13,556)
Net loans 1,289,078 1,157,118
Premises and equipment, net 23,371 23,470
Bank owned life insurance (BOLI) 24,710 24,227
Deferred tax assets 5,350 4,017
Federal Home Loan Bank (FHLB) stock 10,795 12,863
Accrued interest receivable 6,399 5,447
Other real estate owned (OREO) 56 426
Goodwill 1,516 1,516
Prepaid expenses and other assets 8,635 6,358
Total assets 1,579,157 1,455,496
Liabilities:    
Noninterest-bearing demand 270,152 256,119
Interest-bearing demand 185,792 164,997
Savings 394,727 396,557
Time, under $100,000 184,022 133,881
Time, $100,000 to $250,000 116,147 71,480
Time, $250,000 and over 56,847 20,103
Total deposits 1,207,687 1,043,137
Borrowed funds 210,000 275,000
Subordinated debentures 10,310 10,310
Accrued interest payable 406 436
Accrued expenses and other liabilities 12,266 8,508
Total liabilities 1,440,669 1,337,391
Shareholders' equity:    
Common stock, no par value, 12,500 shares authorized, 10,780 shares issued and outstanding in 2018; 10,615 shares issued and outstanding in 2017 88,484 86,782
Retained earnings 50,161 31,117
Accumulated other comprehensive (loss) income (157) 206
Total shareholders' equity 138,488 118,105
Total liabilities and shareholders' equity $ 1,579,157 $ 1,455,496