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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Cash and non-interest bearing deposits in other banks $ 29,156 $ 29,733
Cash and due from Federal Reserve Bank 82,591 96,018
Cash and cash equivalents 111,747 125,751
Interest-bearing deposits in other banks 1,534 1,528
Investment securities available for sale (at fair value) [1] 60,388 30,893
Loans 559,599 515,318
Unearned fees and unamortized loan origination costs, net 1,052 58
Allowance for credit losses (8,918) (9,713)
Net loans 551,733 505,663
Accrued interest receivable 3,581 2,220
Premises and equipment – net 10,225 10,800
Other real estate owned 7,065 12,873
Goodwill 4,488 4,488
Cash surrender value of life insurance 18,738 18,337
Investment in limited partnerships 792 917
Deferred tax assets - net 5,146 5,228
Other assets 6,155 6,946
Total assets 781,592 725,644
Deposits    
Noninterest bearing 283,462 262,168
Interest bearing 387,824 359,637
Total deposits 671,286 621,805
Accrued interest payable 39 29
Accounts payable and other liabilities 6,420 5,875
Junior subordinated debentures (at fair value) 8,262 8,300
Total liabilities 686,007 636,009
Shareholders' Equity    
Common stock, no par value 20,000,000 shares authorized, 16,540,185 issued and outstanding at September 30, 2016, and 16,051,406 at December 31, 2015 55,305 52,572
Retained earnings 40,390 37,265
Accumulated other comprehensive loss (110) (202)
Total shareholders' equity 95,585 89,635
Total liabilities and shareholders' equity $ 781,592 $ 725,644
[1] Recurring