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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 2,762 $ 2,847
Interest-bearing deposits with other banks 4,888 11,791
Cash and cash equivalents 7,650 14,638
Interest bearing time deposits with other banks 100 100
Securities available for sale, at fair value 98,067 88,611
Securities held to maturity, at amortized cost (fair value of $8,828 and $11,739 at June 30, 2017 and December 31, 2016, respectively) 8,654 11,618
Federal Home Loan Bank Stock, at cost 5,386 5,106
Loans receivable, net of unearned income 772,279 695,257
Less: allowance for loan losses 7,165 6,696
Net loans receivable 765,114 688,561
Foreclosed real estate 1,846 2,367
Premises and equipment, net 8,304 8,728
Accrued interest receivable 2,270 2,058
Goodwill 2,820 2,820
Bank-owned life insurance 21,766 16,532
Other assets 6,850 7,589
Total Assets 928,827 848,728
Deposits:    
Non-interest bearing 146,380 132,434
Interest bearing 564,107 528,487
Total deposits 710,487 660,921
Short-term borrowings 39,150 29,805
Long-term borrowings 55,000 66,000
Accrued interest payable and other liabilities 4,080 4,090
Subordinated debentures 27,843 27,840
Total Liabilities 836,560 788,656
Stockholders' Equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued 0 0
Common stock, no par value, 10,000,000 shares authorized; 6,041,002 and 4,741,068 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 65,199 36,538
Deferred compensation obligation under Rabbi Trust (1,352) (1,383)
Retained earnings 26,028 23,291
Accumulated other comprehensive income 1,040 243
Stock held by Rabbi Trust 1,352 1,383
Total Stockholders' Equity 92,267 60,072
Total Liabilities and Stockholders' Equity $ 928,827 $ 848,728