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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from financial institutions $ 39,515 $ 36,695
Securities available for sale 230,197 195,864
Loans held for sale 4,728 2,268
Loans, net of allowance of $13,047 and $13,305 1,087,770 1,042,201
Other securities 14,225 14,055
Premises and equipment, net 17,777 17,920
Accrued interest receivable 3,928 3,854
Goodwill 27,095 27,095
Other intangibles 1,494 1,784
Bank owned life insurance 24,839 24,552
Other assets 10,447 10,975
Total assets 1,462,015 1,377,263
Deposits    
Noninterest-bearing 391,619 345,588
Interest-bearing 773,269 775,515
Total deposits 1,164,888 1,121,103
Federal Home Loan Bank advances 63,300 48,500
Securities sold under agreements to repurchase 12,730 28,925
Subordinated debentures 29,427 29,427
Accrued expenses and other liabilities 12,827 11,692
Total liabilities 1,283,172 1,239,647
SHAREHOLDERS' EQUITY    
Preferred shares, no par value, 200,000 shares authorized, Series B Preferred stock, $1,000 liquidation preference, 18,987 shares issued at June 30, 2017 and 20,481 shares issued at December 31, 2016, net of issuance costs 17,568 18,950
Common shares, no par value, 20,000,000 shares authorized, 10,917,145 shares issued at June 30, 2017 and 9,091,473 shares issued at December 31, 2016 153,495 118,975
Retained earnings 25,751 19,263
Treasury shares, 747,964 shares at cost (17,235) (17,235)
Accumulated other comprehensive loss (736) (2,337)
Total shareholders' equity 178,843 137,616
Total liabilities and shareholders' equity $ 1,462,015 $ 1,377,263