CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Cash and cash equivalents:    
Cash and due from banks $ 26,524 $ 19,745
Interest bearing deposits 37,958 20,428
Federal funds sold 3,456 2,176
Total cash and cash equivalents 67,938 42,349
Investment securities:    
Available for sale, at fair value 335,609 332,736
Held to maturity, at historical cost 73,512 65,882
Total investment securities 409,121 398,618
Non-marketable equity securities 1,827 2,244
Loans held for sale 20,826 17,947
Loans:    
Loans held for investment 1,119,877 1,047,975
Less allowance for loan losses (16,715) (15,557)
Total loans held for investment, net 1,103,162 1,032,418
Premises and equipment, net 21,926 22,104
Accrued interest receivable 5,557 5,767
Deferred income tax assets 9,799 8,606
Other real estate owned 245 568
Bank-owned life insurance 19,714 19,170
Other assets 5,866 6,191
Total assets 1,665,981 1,555,982
Deposits:    
Non-interest bearing deposits 443,100 408,508
Interest bearing deposits 981,974 900,677
Total deposits 1,425,074 1,309,185
Short-term borrowings 3,199 27,204
Accrued interest payable 305 314
Other liabilities 8,886 9,871
Total liabilities 1,437,464 1,346,574
Commitments and contingencies
Shareholders’ equity:    
Preferred shares, $0.01 par value: 3,000,000 shares authorized, no shares issued
Common shares, $0.01 par value: 30,000,000 shares authorized; 17,819,538 and 17,567,154 shares issued and outstanding as of December 31, 2016 and December 31, 2015, respectively 178 176
Additional paid-in capital 68,657 67,338
Retained earnings 160,692 142,223
Accumulated other comprehensive income (loss) (1,010) (329)
Total shareholders’ equity 228,517 209,408
Total liabilities and shareholders’ equity $ 1,665,981 $ 1,555,982