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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from financial institutions $ 33,394 $ 36,695
Securities available for sale 229,419 195,864
Loans held for sale 4,662 2,268
Loans, net of allowance of $12,946 and $13,305 1,129,046 1,042,201
Other securities 14,247 14,055
Premises and equipment, net 17,688 17,920
Accrued interest receivable 4,999 3,854
Goodwill 27,095 27,095
Other intangibles 1,360 1,784
Bank owned life insurance 24,981 24,552
Other assets 9,197 10,975
Total assets 1,496,088 1,377,263
Deposits    
Noninterest-bearing 357,539 345,588
Interest-bearing 843,750 775,515
Total deposits 1,201,289 1,121,103
Federal Home Loan Bank advances 56,750 48,500
Securities sold under agreements to repurchase 15,148 28,925
Subordinated debentures 29,427 29,427
Accrued expenses and other liabilities 11,493 11,692
Total liabilities 1,314,107 1,239,647
SHAREHOLDERS’ EQUITY    
Preferred shares, no par value, 200,000 shares authorized, Series B Preferred shares, $1,000 liquidation preference, 18,975 shares issued at September 30, 2017 and 20,481 shares issued at December 31, 2016, net of issuance costs 17,557 18,950
Common shares, no par value, 20,000,000 shares authorized, 10,918,899 shares issued at September 30, 2017 and 9,091,473 shares issued at December 31, 2016 153,562 118,975
Retained earnings 28,494 19,263
Treasury shares, 747,964 common shares at cost (17,235) (17,235)
Accumulated other comprehensive loss (397) (2,337)
Total shareholders’ equity 181,981 137,616
Total liabilities and shareholders’ equity $ 1,496,088 $ 1,377,263