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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and due from financial institutions $ 29,618 $ 12,872
Interest-bearing deposits in other financial institutions 10,814 6,808
Deposit for partial redemption of acquiree's preferred stock and unpaid dividend   11,341
Securities available for sale 403,486 202,177
Loans held for sale 20,896  
Loans, net of allowance for loan losses of $6,416 and $6,465 986,206 597,110
Federal Home Loan Bank and Federal Reserve stock 3,891 4,964
Accrued interest receivable 5,151 3,152
Premises and equipment, net 30,314 18,124
Premises and equipment held for sale 3,898  
Company owned life insurance 32,828 22,058
Goodwill 4,115  
Core deposit intangibles 5,321 682
Foreclosed and repossessed assets 9,028 4,431
Other assets 27,121 5,027
Total Assets 1,572,687 888,746
Deposits    
Non interest-bearing 275,350 200,142
Interest-bearing 968,620 450,802
Total deposits 1,243,970 650,944
Short-term borrowings 74,034 45,818
Subscription agreement proceeds in escrow   20,774
Other borrowings 93,974 67,000
Accrued interest payable 375 158
Other liabilities 8,832 4,504
Total liabilities $ 1,421,185 $ 789,198
Commitments and contingent liabilities
Shareholders' equity    
Preferred stock, without par value; 5,000,000 authorized; 28,000 shares issued and outstanding in 2015 and 2014; aggregate liquidation preference of $28,000 $ 28,000 $ 28,000
Common stock, $.10 par value per share; 10,000,000 shares authorized; 5,776,244 and 3,863,937 shares issued in 2015 and 2014, respectively; 5,406,734 and 3,447,826 outstanding in 2015 and 2014, respectively 578 386
Additional paid-in capital 90,459 44,421
Retained earnings 36,336 32,110
Accumulated other comprehensive income 2,489 1,809
Treasury stock, at cost (2015- 369,510 shares, 2014- 416,111 shares) (6,360) (7,178)
Total shareholders' equity 151,502 99,548
Total Liabilities and Shareholders' Equity $ 1,572,687 $ 888,746