Condensed Parent Information (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

CONDENSED BALANCE SHEETS
	December 31,		December 31,
	2016		2015
ASSETS
Cash	$	2,068	$	503
Investment in subsidiaries	100,023		97,020
Other assets	4,392		4,817
Total assets	$	106,483	$	102,340
LIABILITIES AND STOCKHOLDERS’ EQUITY
Other liabilities	$	1,243	$	163
Other borrowings	—		2,000
Total liabilities	1,243		2,163
Stockholders’ equity	105,240		100,177
Total liabilities and stockholders’ equity	$	106,483	$	102,340

Condensed Income Statement

CONDENSED STATEMENTS OF INCOME
	Years Ended December 31,
	2016		2015
INCOME
Dividends	$	3,000	$	—
Interest income	—		—
	3,000		—
EXPENSES
Interest expense	17		40
Other operating expenses	1,146		1,817
Income (loss) before equity in undistributed earnings of subsidiaries and income tax benefit	1,837		(1,857		)
Equity in undistributed earnings of subsidiaries	3,520		2,993
Income tax benefit	442		374
Net income	5,799		1,510
Preferred stock dividend requirements	1,022		120
Net income available to common stockholders	$	4,777	$	1,390

Condensed Cash Flow Statement

STATEMENTS OF CASH FLOWS
	2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	5,799		$	1,510
Adjustments to reconcile net income to net cash used in operating activities:
Equity in undistributed income of subsidiary	(3,520		)	(2,993		)
Other	1,234			(247		)
Net cash provided by (used in) operating activities	3,513			(1,730		)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of note payable	—			6,000
Repayment of note payable	(2,000		)	(4,000		)
Proceeds from issuance of common stock	804			4,043
Payment of dividends on preferred stock	(752		)	(120		)
Net cash (used in) provided by financing activities	(1,948		)	5,923
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of Cornerstone Bancshares, Inc.	—			(4,166		)
Net cash used in investing activities	—			(4,166		)
NET INCREASE IN CASH AND CASH EQUIVALENTS	1,565			27
CASH AND CASH EQUIVALENTS, beginning of year	503			476
CASH AND CASH EQUIVALENTS, end of year	$	2,068		$	503