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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 33,402 $ 23,635
Interest-bearing deposits with banks 21,065 17,303
Federal funds sold 310 321
Total cash and cash equivalents 54,777 41,259
Securities held-to-maturity, at amortized cost 6,025 7,092
Securities available-for-sale, at fair value 242,855 239,732
Other securities 9,578 8,135
Total securities 258,458 254,959
Loans held for sale 8,937 3,974
Loans 824,083 772,515
Allowance for loan losses (7,259) (6,747)
Loans, net 825,761 769,742
Premises and equipment 33,502 33,623
Interest receivable 4,103 3,953
Cash surrender value of life insurance 20,963 14,872
Goodwill 13,776 13,776
Other real estate owned 4,716 3,083
Other assets 8,844 9,864
TOTAL ASSETS 1,224,900 1,145,131
Deposits:    
Noninterest-bearing 194,950 189,445
Interest-bearing 837,413 727,250
TOTAL DEPOSITS 1,032,363 916,695
Interest payable 244 246
Borrowed funds 68,000 110,321
Subordinated debentures 10,310 10,310
Other liabilities 3,685 4,123
TOTAL LIABILITIES 1,114,602 1,041,695
STOCKHOLDERS’ EQUITY:    
Preferred stock, no par value, $1,000 per share liquidation, 10,000,000 shares authorized; 17,123 issued and outstanding at June 30, 2016 and December 31, 2015, respectively 17,123 17,123
Common stock, par value $1 per share, 20,000,000 shares authorized and 5,458,508 shares issued at June 30,2016; and 5,403,159 shares issued at December 31, 2015, respectively 5,459 5,403
Additional paid-in capital 44,865 44,650
Retained earnings 40,299 35,625
Accumulated other comprehensive income 3,016 1,099
Treasury stock, at cost, 26,494 shares at June 30, 2016 and at December 31, 2015 (464) (464)
TOTAL STOCKHOLDERS’ EQUITY 110,298 103,436
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,224,900 $ 1,145,131