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Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and due from banks $ 49,707,000 $ 17,149,000
Interest-bearing deposits 72,443,000 6,389,000
Federal funds sold 10,102,000 123,427,000
Total cash and cash equivalents 132,252,000 146,965,000
Securities available for sale 454,009,000 [1] 131,178,000 [1]
Federal Home Loan Bank stock 19,226,000 [2] 11,961,000 [2]
Loans 2,068,265,000 1,053,243,000
Allowance for loan losses (20,374,000) (22,821,000)
Loans, net 2,047,891,000 1,030,422,000
Premises and equipment, net 48,570,000 24,898,000
Bank owned life insurance 55,992,000 51,377,000
Goodwill 50,870,000 0
Core deposit intangible 16,418,000 0
Accrued interest and other assets 37,876,000 30,165,000
Total assets 2,863,104,000 1,426,966,000
Deposits    
Noninterest-bearing 535,101,000 224,580,000
Interest-bearing 1,736,607,000 894,331,000
Total deposits 2,271,708,000 1,118,911,000
Securities sold under agreements to repurchase 142,869,000 69,305,000
Federal Home Loan Bank advances 57,033,000 45,000,000
Subordinated debentures 54,301,000 32,990,000
Accrued interest and other liabilities 16,200,000 7,435,000
Total liabilities 2,542,111,000 1,273,641,000
Shareholders' equity    
Preferred stock, no par value; 1,000,000 shares authorized; none issued 0 0
Common stock, no par value; 40,000,000 shares authorized; 16,862,583 shares outstanding at September 30, 2014 and 8,739,108 shares outstanding at December 31, 2013 317,374,000 162,999,000
Retained earnings (deficit) 5,948,000 (4,101,000)
Accumulated other comprehensive income (loss) (2,329,000) (5,573,000)
Total shareholders’ equity 320,993,000 153,325,000
Total liabilities and shareholders’ equity $ 2,863,104,000 $ 1,426,966,000
[1] See Note 12 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities.
[2] It is not practical to determine the fair value of FHLB stock due to transferability restrictions.