XML 17 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets    
Cash and due from banks $ 14,640 $ 14,881
Short-term investments 98,924 88,356
Cash and cash equivalents 113,564 103,237
Securities available-for-sale, at fair value 140,548 144,698
Securities held-to-maturity, at amortized cost 37,282 41,563
Loans held for sale 2,702 1,340
Loans and leases receivable, net of allowance for loan and lease losses of $16,316 and $14,329, respectively 1,414,649 1,265,098
Premises and equipment, net 3,954 3,943
Foreclosed properties 1,677 1,693
Cash surrender value of bank-owned life insurance 28,298 27,314
Investment in Federal Home Loan Bank and Federal Reserve Bank stock, at cost 2,843 2,340
Accrued interest receivable and other assets 24,882 26,217
Goodwill and other intangible assets 12,493 11,944
Total assets 1,782,892 1,629,387
Liabilities and Stockholders’ Equity    
Deposits 1,577,231 1,438,268
Federal Home Loan Bank and other borrowings 35,226 33,994
Junior subordinated notes 10,315 10,315
Accrued interest payable and other liabilities 9,288 9,062
Total liabilities $ 1,632,060 $ 1,491,639
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,500,000 shares authorized, none issued or outstanding $ 0 $ 0
Common stock, $0.01 par value, 25,000,000 shares authorized, 8,922,375 and 9,074,852 shares issued, 8,699,410 and 8,671,854 shares outstanding at December 31, 2015 and 2014, respectively 89 45
Additional paid-in capital 76,549 74,963
Retained earnings 80,584 67,886
Accumulated other comprehensive (loss) income (80) 218
Treasury stock (222,965 and 201,499 shares at December 31, 2015 and 2014, respectively), at cost (6,310) (5,364)
Total stockholders’ equity 150,832 137,748
Total liabilities and stockholders’ equity $ 1,782,892 $ 1,629,387