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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 20,737 $ 20,028
Federal funds sold and interest-bearing deposits 128,400 125,487
Cash and cash equivalents 149,137 145,515
Securities:    
Debt securities available for sale (amortized cost of $46,770 in 2019 and $47,762 in 2018) 45,934 46,713
Securities held to maturity (fair value of $14,767 in 2019 and $14,802 in 2018) 14,780 14,875
Equity securities with readily determinable fair values (amortized cost of $2,398 in 2019 and $2,394 in 2018) 2,248 2,144
Total securities 62,962 63,732
Loans:    
SBA loans held for sale 8,010 11,171
SBA loans held for investment 38,815 39,333
Commercial loans 702,235 694,102
Residential mortgage loans 438,431 436,056
Consumer loans 125,503 123,904
Total loans 1,312,994 1,304,566
Allowance for loan losses (15,684) (15,488)
Net loans 1,297,310 1,289,078
Premises and equipment, net 23,059 23,371
Bank owned life insurance (BOLI) 24,861 24,710
Deferred tax assets 5,320 5,350
Federal Home Loan Bank (FHLB) stock 10,120 10,795
Accrued interest receivable 6,926 6,399
Other real estate owned (OREO) 273 56
Goodwill 1,516 1,516
Prepaid expenses and other assets 8,562 8,635
Total assets 1,590,046 1,579,157
Deposits:    
Noninterest-bearing demand 259,114 270,152
Interest-bearing demand 166,409 185,792
Savings 399,006 394,727
Time, under $100,000 205,491 184,022
Time, $100,000 to $250,000 117,355 116,147
Time, $250,000 and over 79,211 56,847
Total deposits 1,226,586 1,207,687
Borrowed funds 195,000 210,000
Subordinated debentures 10,310 10,310
Accrued interest payable 419 406
Accrued expenses and other liabilities 14,014 12,266
Total liabilities 1,446,329 1,440,669
Commitments and contingencies
Shareholders' equity:    
Common stock 88,779 88,484
Retained earnings 55,145 50,161
Accumulated other comprehensive income (207) (157)
Total shareholders' equity 143,717 138,488
Total liabilities and shareholders' equity $ 1,590,046 $ 1,579,157
Outstanding common shares (in shares) 10,822 10,780
Issued common shares (in shares) 10,822 10,780