XML 52 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and due from banks $ 58,730,000 $ 17,149,000
Interest-bearing deposits 48,150,000 6,389,000
Federal funds sold 11,973,000 123,427,000
Total cash and cash equivalents 118,853,000 146,965,000
Securities available for sale 475,275,000 [1] 131,178,000 [1]
Federal Home Loan Bank stock 19,226,000 [2] 11,961,000 [2]
Loans 2,073,482,000 1,053,243,000
Allowance for loan losses (20,856,000) (22,821,000)
Loans, net 2,052,626,000 1,030,422,000
Premises and equipment, net 49,003,000 24,898,000
Bank owned life insurance 55,693,000 51,377,000
Goodwill 50,870,000 0
Core deposit intangible 17,213,000 0
Net deferred tax asset 9,238,000 17,754,000
Accrued interest receivable 7,711,000 3,649,000
Other real estate owned and repossessed assets 2,878,000 2,851,000
Other assets 20,696,000 5,911,000
Total assets 2,879,282,000 1,426,966,000
Deposits    
Noninterest-bearing 515,646,000 224,580,000
Interest-bearing 1,787,615,000 894,331,000
Total deposits 2,303,261,000 1,118,911,000
Securities sold under agreements to repurchase 124,108,000 69,305,000
Federal Home Loan Bank advances 57,044,000 45,000,000
Subordinated debentures 54,131,000 32,990,000
Other borrowed money 14,348,000 1,620,000
Accrued interest and other liabilities 10,252,000 5,815,000
Total liabilities 2,563,144,000 1,273,641,000
Shareholders' equity    
Preferred stock, no par value; 1,000,000 shares authorized; none issued 0 0
Common stock, no par value; 40,000,000 shares authorized; 16,839,175 shares outstanding at June 30, 2014 and 8,739,108 shares outstanding at December 31, 2013 318,452,000 162,999,000
Retained earnings (deficit) 673,000 (4,101,000)
Accumulated other comprehensive income (loss) (2,987,000) (5,573,000)
Total shareholders’ equity 316,138,000 153,325,000
Total liabilities and shareholders’ equity $ 2,879,282,000 $ 1,426,966,000
[1] See Note 13 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities.
[2] It is not practical to determine the fair value of FHLB stock due to transferability restrictions.