Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands |
Sep. 30, 2016 |
Dec. 31, 2015 |
| us-gaap_AssetsAbstract |
|
|
| Cash and cash equivalents |
$ 77,048
|
$ 68,195
|
| Investment securities available for sale |
100,618
|
96,704
|
| Loans, less allowance for loan losses of $6,477 at September 30, 2016 and $6,078 at December 31, 2015 |
442,399
|
396,833
|
| Real estate acquired through foreclosure |
2,517
|
1,756
|
| Premises and equipment, net |
11,921
|
12,234
|
| Bank owned life insurance |
12,443
|
12,187
|
| Accrued interest receivable and other assets |
10,173
|
11,377
|
| Total assets |
657,119
|
599,286
|
| Deposits: |
|
|
| Non-interest bearing |
238,312
|
209,044
|
| Interest bearing |
343,109
|
318,232
|
| Total deposits |
581,421
|
527,276
|
| Repurchase agreements |
8,166
|
7,671
|
| Note payable |
2,500
|
4,875
|
| Accrued interest payable and other liabilities |
6,416
|
6,658
|
| Junior subordinated deferrable interest debentures |
10,310
|
10,310
|
| Total liabilities |
608,813
|
556,790
|
| Shareholders equity: |
|
|
| Common stock, no par value; 22,500,000 shares authorized; issued and outstanding – 4,874,475 shares at September 30, 2016 and 4,835,432 at December 31, 2015 |
5,818
|
6,475
|
| Retained earnings |
41,429
|
36,063
|
| Accumulated other comprehensive income (loss), net |
1,059
|
(42)
|
| Total shareholders’ equity |
48,306
|
42,496
|
| Total liabilities and shareholders’ equity |
$ 657,119
|
$ 599,286
|