XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Cash and due from banks $ 23,274 $ 23,339
Interest-earning deposits in other banks 21,803 70,988
Federal funds sold 1 290
Total cash and cash equivalents 45,078 94,617
Available-for-sale investment securities (Amortized cost of $533,044 at September 30, 2016 and $470,080 at December 31, 2015) 551,075 477,554
Held-to-maturity investment securities (Fair value of $35,142 at December 31, 2015) 0 31,712
Loans, less allowance for credit losses of $9,299 at September 30, 2016 and $9,610 at December 31, 2015 620,528 588,501
Bank premises and equipment, net 8,906 9,292
Bank-owned life insurance 20,377 20,702
Federal Home Loan Bank stock 4,823 4,823
Goodwill 29,917 29,917
Core deposit intangibles 922 1,024
Accrued interest receivable and other assets 26,149 18,594
Total assets 1,307,775 1,276,736
Deposits:    
Non-interest bearing 423,183 428,773
Interest bearing 704,314 687,494
Total deposits 1,127,497 1,116,267
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 18,801 15,991
Total liabilities 1,151,453 1,137,413
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Preferred stock, no par value, $1,000 per share liquidation preference; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 11,081,854 at September 30, 2016 and 10,996,773 at December 31, 2015 54,846 54,424
Retained earnings 91,026 80,437
Accumulated other comprehensive income, net of tax 10,450 4,462
Total shareholders’ equity 156,322 139,323
Total liabilities and shareholders’ equity $ 1,307,775 $ 1,276,736