XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 20,169 $ 22,681
Federal funds sold and interest-bearing deposits 75,908 65,476
Cash and cash equivalents 96,077 88,157
Securities:    
Securities available for sale 45,266 52,865
Securities held to maturity (fair value of $29,333 and $18,607 respectively) 28,728 18,471
Total securities 73,994 71,336
Loans:    
SBA loans held for sale 13,245 13,114
SBA loans held for investment 40,006 39,393
SBA 504 loans 27,038 29,353
Commercial loans 481,713 465,518
Residential mortgage loans 268,774 264,523
Consumer loans 84,267 77,057
Total loans 915,043 888,958
Allowance for loan losses (12,758) (12,759)
Net loans 902,285 876,199
Premises and equipment, net 20,397 15,171
Bank owned life insurance (BOLI) 13,568 13,381
Deferred tax assets 6,223 5,968
Federal Home Loan Bank (FHLB) stock 5,092 4,600
Accrued interest receivable 3,953 3,884
Other real estate owned (OREO) 1,702 1,591
Goodwill and other intangibles 1,516 1,516
Other assets 3,563 3,063
Total assets 1,128,370 1,084,866
Liabilities:    
Noninterest-bearing demand 210,024 185,267
Interest-bearing demand 117,189 130,605
Savings 318,184 301,447
Time, under $100,000 144,394 134,468
Time, $100,000 and over, under $250,000 91,770 104,106
Time, $250,000 and over 30,637 38,600
Total deposits 912,198 894,493
Borrowed funds 114,000 92,000
Subordinated debentures 10,310 15,465
Accrued interest payable 368 461
Accrued expenses and other liabilities 6,527 3,977
Total liabilities 1,043,403 1,006,396
Commitments and contingencies
Shareholders' equity:    
Common stock 59,844 59,371
Retained earnings 25,916 19,566
Accumulated other comprehensive (loss) (793) (467)
Total shareholders' equity 84,967 78,470
Total liabilities and shareholders' equity $ 1,128,370 $ 1,084,866
Common stock, shares outstanding 8,487 8,436
Common stock, shares issued 8,487 8,436