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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from financial institutions $ 41,156 $ 40,519
Securities available for sale 231,013 230,230
Equity securities 907 832
Loans held for sale 4,058 2,197
Loans, net of allowance of $12,867 and $13,134 1,167,165 1,151,527
Other securities 14,247 14,247
Premises and equipment, net 17,308 17,611
Accrued interest receivable 4,489 4,488
Goodwill 27,095 27,095
Other intangible assets 1,247 1,279
Bank owned life insurance 25,411 25,125
Other assets 14,358 10,707
Total assets 1,548,454 1,525,857
Deposits    
Noninterest-bearing 391,785 361,964
Interest-bearing 754,387 842,959
Total deposits 1,146,172 1,204,923
Federal Home Loan Bank advances 156,200 71,900
Securities sold under agreements to repurchase 14,230 21,755
Subordinated debentures 29,427 29,427
Accrued expenses and other liabilities 12,577 13,391
Total liabilities 1,358,606 1,341,396
SHAREHOLDERS’ EQUITY    
Preferred shares, no par value, 200,000 shares authorized, Series B Preferred shares, $1,000 liquidation preference, 14,320 shares issued at June 30, 2018 and 18,760 shares issued at December 31, 2017, net of issuance costs 13,250 17,358
Common shares, no par value, 20,000,000 shares authorized, 11,536,856 shares issued at June 30, 2018 and 10,946,439 shares issued at December 31, 2017 158,191 153,810
Retained earnings 39,898 31,652
Treasury shares, 747,964 common shares at cost (17,235) (17,235)
Accumulated other comprehensive loss (4,256) (1,124)
Total shareholders’ equity 189,848 184,461
Total liabilities and shareholders’ equity $ 1,548,454 $ 1,525,857