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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and due from financial institutions $ 33,229 $ 35,561
Securities available for sale 200,967 196,249
Loans held for sale 2,827 2,698
Loans, net of allowance of $13,451 and $14,361 1,033,516 987,166
Other securities 13,926 13,452
Premises and equipment, net 17,340 16,944
Accrued interest receivable 4,547 3,902
Goodwill 27,095 27,095
Other intangibles 1,943 2,409
Bank owned life insurance 24,404 20,104
Other assets 12,486 9,461
Total assets 1,372,280 1,315,041
Deposits    
Noninterest-bearing 341,653 300,615
Interest-bearing 792,500 751,418
Total deposits 1,134,153 1,052,033
Federal Home Loan Bank advances 35,000 71,200
Securities sold under agreements to repurchase 21,713 25,040
Subordinated debentures 29,427 29,427
Accrued expenses and other liabilities 13,678 12,168
Total liabilities 1,233,971 1,189,868
SHAREHOLDERS' EQUITY    
Preferred shares, no par value, 200,000 shares authorized, Series B Preferred stock, $1,000 liquidation preference, 21,374 shares issued at September 30, 2016 and 24,072 shares issued at December 31, 2015, net of issuance costs 19,776 22,273
Common shares, no par value, 20,000,000 shares authorized, 8,978,899 shares issued at September 30, 2016 and 8,591,542 shares issued at December 31, 2015 118,126 115,330
Retained earnings 16,471 5,300
Treasury shares, 747,964 common shares at cost (17,235) (17,235)
Accumulated other comprehensive income (loss) 1,171 (495)
Total shareholders' equity 138,309 125,173
Total liabilities and shareholders' equity $ 1,372,280 $ 1,315,041