Consolidated Balance Sheets - USD ($)
$ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Assets |
|
|
| Cash and due from banks |
$ 14,596
|
$ 14,640
|
| Short-term investments |
62,921
|
98,924
|
| Cash and cash equivalents |
77,517
|
113,564
|
| Securities available-for-sale, at fair value |
145,893
|
140,548
|
| Securities held-to-maturity, at amortized cost |
38,612
|
37,282
|
| Loans held for sale |
1,111
|
2,702
|
| Loans and leases receivable, net of allowance for loan and lease losses of $20,912 and $16,316, respectively |
1,429,763
|
1,414,649
|
| Premises and equipment, net |
3,772
|
3,954
|
| Foreclosed properties |
1,472
|
1,677
|
| Bank-owned life insurance |
39,048
|
28,298
|
| Federal Home Loan Bank and Federal Reserve Bank stock, at cost |
2,131
|
2,843
|
| Goodwill and other intangible assets |
12,773
|
12,493
|
| Accrued interest receivable and other assets |
28,607
|
24,071
|
| Total assets |
1,780,699
|
1,782,081
|
| Liabilities and Stockholders’ Equity |
|
|
| Deposits |
1,538,855
|
1,577,231
|
| Federal Home Loan Bank advances and other borrowings |
59,676
|
34,740
|
| Junior subordinated notes |
10,004
|
9,990
|
| Accrued interest payable and other liabilities |
10,514
|
9,288
|
| Total liabilities |
1,619,049
|
1,631,249
|
| Stockholders’ equity: |
|
|
| Preferred stock, $0.01 par value, 2,500,000 shares authorized, none issued or outstanding |
0
|
0
|
| Common stock, $0.01 par value, 25,000,000 shares authorized, 8,959,239 and 8,922,375 shares issued, 8,715,856 and 8,699,410 shares outstanding at December 31, 2016 and 2015, respectively |
90
|
89
|
| Additional paid-in capital |
77,542
|
76,549
|
| Retained earnings |
91,317
|
80,584
|
| Accumulated other comprehensive loss |
(522)
|
(80)
|
| Treasury stock (243,383 and 222,965 shares at December 31, 2016 and 2015, respectively), at cost |
(6,777)
|
(6,310)
|
| Total stockholders’ equity |
161,650
|
150,832
|
| Total liabilities and stockholders’ equity |
$ 1,780,699
|
$ 1,782,081
|