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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 69,552 $ 74,213
Federal funds sold and other cash equivalents 96,500 44,500
Cash and cash equivalents 166,052 118,713
Interest-earning deposits in other financial institutions 100 345
Securities:    
Available for sale 55,697 39,277
Held to maturity (fair value of $5,485 and $6,553 at September 30, 2017 and December 31, 2016, respectively) 5,191 6,214
Mortgage loans held for sale 125,704 44,345
Loans held for investment:    
Real estate 827,535 755,301
Commercial 372,531 361,227
Total loans 1,200,066 1,116,528
Unaccreted discount on acquired loans (5,501) (8,085)
Deferred loan costs (fees), net 1,957 2,003
Total loans, gross 1,196,522 1,110,446
Allowance for loan losses (11,420) (14,162)
Net loans 1,185,102 1,096,284
Premises and equipment 6,300 6,585
Federal Home Loan Bank (FHLB) stock 6,770 6,770
Net deferred tax assets 9,517 11,097
Other real estate owned (OREO) 293 833
Cash surrender value of life insurance 32,578 21,958
Goodwill 29,940 29,940
Servicing assets 5,370 3,704
Core deposit intangibles 1,525 1,793
Accrued interest and other assets 12,575 7,693
Total Assets 1,642,714 1,395,551
Deposits:    
Noninterest-bearing demand 287,574 174,272
Savings, NOW and money market accounts 362,018 296,699
Time deposits under $250,000 317,627 310,969
Time deposits $250,000 and over 351,073 370,823
Total deposits 1,318,292 1,152,763
Reserve for unfunded commitments 489 604
Income tax payable   793
Long-term debt 49,492 49,383
Subordinated debentures 3,402 3,334
Accrued interest and other liabilities 10,708 7,089
Total liabilities 1,382,383 1,213,966
Commitments and contingencies - Note 13
Shareholders' equity:    
Preferred Stock - 100,000,000 shares authorized, no par value; none outstanding
Common Stock - 100,000,000 shares authorized, no par value; 15,790,611 shares issued and outstanding at September 30, 2017 and 12,827,803 shares at December 31,2016 204,206 142,651
Additional paid-in capital 8,686 8,417
Retained earnings 47,576 30,784
Accumulated other comprehensive income (loss) - net unrealized loss on securities available for sale, net of tax of $95 at September 30, 2017 and $186 at December 31, 2016 (137) (267)
Total shareholders’ equity 260,331 181,585
Total Liabilities and Shareholders’ Equity $ 1,642,714 $ 1,395,551