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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Cash and cash equivalents:    
Cash and due from banks $ 17,088 $ 16,345
Interest bearing balances with banks 6,542 3,960
Total cash and cash equivalents 23,630 20,305
Certificates of deposit with other banks 14,778 14,778
Investment Securities:    
Securities available-for-sale 226,504 231,507
Equity securities 6,979 0
Loans held for sale 51,280 66,794
Loans: 1,157,173 1,105,941
Less: Allowance for loan losses (10,067) (9,878)
Net Loans 1,147,106 1,096,063
Premises and equipment 26,477 26,686
Bank owned life insurance 32,885 32,666
Accrued interest receivable and other assets 33,399 27,023
Goodwill 18,480 18,480
TOTAL ASSETS 1,581,518 1,534,302
Deposits:    
Noninterest bearing 142,826 125,963
Interest bearing 1,011,081 1,033,617
Total deposits 1,153,907 1,159,580
Accrued interest payable and other liabilities 15,620 16,434
Repurchase agreements 20,676 22,403
FHLB and other borrowings 207,370 152,169
Subordinated debt 33,524 33,524
Total liabilities 1,431,097 1,384,110
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $1,000; 20,000 authorized; 783 issued in 2018 and 2017, respectively (See Footnote 7) 7,834 7,834
Common stock, par value $1; 20,000,000 shares authorized; 10,589,704 shares issued and 10,538,627 shares outstanding in 2018 and 10,495,704 shares issued and 10,444,627 shares outstanding in 2017 10,590 10,496
Additional paid-in capital 100,108 98,698
Retained earnings 40,190 37,236
Accumulated other comprehensive loss (7,217) (2,988)
Treasury stock, 51,077 shares, at cost (1,084) (1,084)
Total stockholders’ equity 150,421 150,192
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,581,518 $ 1,534,302