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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 3,028 $ 2,847
Interest-bearing deposits with other banks 7,741 11,791
Cash and cash equivalents 10,769 14,638
Interest bearing time deposits with other banks 100 100
Securities available for sale, at fair value 100,978 88,611
Securities held to maturity, at amortized cost (fair value of $8,238 and $11,739 at September 30, 2017 and December 31, 2016, respectively) 8,075 11,618
Federal Home Loan Bank Stock, at cost 5,081 5,106
Loans receivable, net of unearned income 795,124 695,257
Less: allowance for loan losses 7,502 6,696
Net loans receivable 787,622 688,561
Foreclosed real estate 2,275 2,367
Premises and equipment, net 7,683 8,728
Accrued interest receivable 2,562 2,058
Goodwill 2,820 2,820
Bank-owned life insurance 21,910 16,532
Other assets 6,927 7,589
Total Assets 956,802 848,728
Deposits:    
Non-interest bearing 148,861 132,434
Interest bearing 593,067 528,487
Total deposits 741,928 660,921
Short-term borrowings 33,710 29,805
Long-term borrowings 55,000 66,000
Accrued interest payable and other liabilities 4,374 4,090
Subordinated debentures 27,846 27,840
Total Liabilities 862,858 788,656
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; 6,040,180 and 4,741,068 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 65,304 36,538
Deferred compensation obligation under Rabbi Trust 1,371 1,383
Retained earnings 27,629 23,291
Accumulated other comprehensive income 1,011 243
Stock held by Rabbi Trust (1,371) (1,383)
Total Stockholders' Equity 93,944 60,072
Total Liabilities and Stockholders' Equity $ 956,802 $ 848,728