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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 33,560 $ 40,943
Federal funds sold 5,937 35,893
Cash and cash equivalents 39,497 76,836
Investment securities available for sale, at fair value 418,374 260,637
Investment securities held to maturity, at amortized cost (fair value of $46,356 and $47,789 at September 30, 2017 and December 31, 2016, respectively) 45,597 48,386
Federal Home Loan Bank stock, at cost 12,256 10,771
Loans 1,456,905 1,399,870
Allowance for loan losses (16,358) (16,112)
Loans, net 1,440,547 1,383,758
Premises and equipment, net 23,173 23,314
Accrued interest receivable 6,636 5,321
Bank-owned life insurance 33,451 33,111
Deferred tax assets, net 5,861 6,957
Other assets 4,956 5,113
Total assets 2,030,348 1,854,204
Deposits:    
Noninterest-bearing demand 384,625 479,311
Interest-bearing demand 328,156 282,592
Savings 776,921 668,688
Time of $250 or more 16,539 10,446
Other time 145,025 105,568
Total deposits 1,651,266 1,546,605
Federal funds purchased 925 9,690
Short-term borrowings 48,000 0
Subordinated notes, net 20,408 20,398
Federal Home Loan Bank advances, net 101,005 99,886
Long-term debt, net 24,195 5,126
Accrued expenses and other liabilities 6,462 7,123
Total liabilities 1,852,261 1,688,828
COMMITMENTS AND CONTINGENCIES (NOTE 9)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value; authorized 50,000,000 shares; no shares issued and outstanding at September 30, 2017 and December 31, 2016 0 0
Common stock, no par value; authorized 50,000,000 shares; 16,215,672 and 16,137,999 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 3,000 3,000
Additional paid-in capital 22,763 21,462
Retained earnings 152,252 141,956
Accumulated other comprehensive income (loss) 72 (1,042)
Total stockholders' equity 178,087 165,376
Total liabilities and stockholders' equity $ 2,030,348 $ 1,854,204