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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 20,318 $ 22,105
Federal funds sold, interest-bearing deposits and repos 84,512 83,790
Cash and cash equivalents 104,830 105,895
Securities:    
Securities available for sale 52,750 40,568
Securities held to maturity (fair value of $19,525 and $20,968, respectively) 19,355 20,979
Total securities 72,105 61,547
Loans:    
SBA loans held for sale 17,724 14,773
SBA loans held for investment 44,001 42,492
SBA 504 loans 22,239 26,344
Commercial loans 568,766 509,171
Residential mortgage loans 330,787 289,093
Consumer loans 109,356 91,541
Total loans 1,092,873 973,414
Allowance for loan losses (13,113) (12,579)
Net loans 1,079,760 960,835
Premises and equipment, net 23,080 23,398
Bank owned life insurance (BOLI) 24,047 13,758
Deferred tax assets 5,842 5,512
Federal Home Loan Bank (FHLB) stock 7,328 6,037
Accrued interest receivable 5,222 4,462
Other real estate owned (OREO) 707 1,050
Goodwill 1,516 1,516
Other assets 5,397 5,896
Total assets 1,329,834 1,189,906
Liabilities:    
Noninterest-bearing demand 258,519 215,963
Interest-bearing demand 166,529 145,654
Savings 403,871 363,462
Time, under $100,000 122,410 123,724
Time, $100,000 to $250,000 71,155 75,567
Time, $250,000 and over 21,148 21,353
Total deposits 1,043,632 945,723
Borrowed funds 152,000 121,000
Subordinated debentures 10,310 10,310
Accrued interest payable 400 430
Accrued expenses and other liabilities 7,678 6,152
Total liabilities 1,214,020 1,083,615
Shareholders' equity:    
Common stock 86,423 85,383
Retained earnings 29,260 20,748
Accumulated other comprehensive income 131 160
Total shareholders' equity 115,814 106,291
Total liabilities and shareholders' equity $ 1,329,834 $ 1,189,906
Outstanding common shares (in shares) 10,586 10,477
Issued common shares (in shares) 10,586 10,477