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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Cash and cash equivalents:    
Cash and due from banks $ 14,747 $ 16,345
Interest bearing balances with banks 7,474 3,960
Total cash and cash equivalents 22,221 20,305
Certificates of deposit with other banks 14,778 14,778
Investment Securities:    
Securities available-for-sale, at fair value 221,614 231,507
Equity securities 9,599 0
Loans held for sale 75,807 66,794
Loans receivable 1,304,366 1,105,941
Less: Allowance for loan losses (10,939) (9,878)
Net Loans 1,293,427 1,096,063
Premises and equipment, net 26,545 26,686
Bank owned life insurance 34,291 32,666
Accrued interest receivable and other assets 34,207 27,023
Goodwill 18,480 18,480
TOTAL ASSETS 1,750,969 1,534,302
Deposits:    
Noninterest bearing 213,597 125,963
Interest bearing 1,095,557 1,033,617
Total deposits 1,309,154 1,159,580
Accrued interest payable and other liabilities 17,706 16,434
Repurchase agreements 14,925 22,403
FHLB and other borrowings 214,887 152,169
Subordinated debt 17,524 33,524
Total liabilities 1,574,196 1,384,110
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $1,000; 20,000 authorized; 783 issued in 2018 and 2017 (See Note 12) 7,834 7,834
Common stock, par value $1; 20,000,000 shares authorized; 11,658,370 shares issued and 11,607,293 shares outstanding in 2018; 10,495,704 shares issued and 10,444,627 shares outstanding in 2017 11,658 10,496
Additional paid-in capital 116,897 98,698
Retained earnings 48,274 37,236
Accumulated other comprehensive loss (6,806) (2,988)
Treasury Stock, 51,077 shares, at cost (1,084) (1,084)
Total stockholders’ equity 176,773 150,192
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,750,969 $ 1,534,302