XML 15 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheet (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 61,364 $ 31,395
Federal funds sold 1,000 1,100
Cash and cash equivalents 62,364 32,495
Investment securities available for sale, at fair value 110,452 114,376
Loans held for sale 9,462 634
Loans 837,158 609,140
Less allowance for loan and lease losses 6,720 6,598
Net loans 830,438 602,542
Premises and equipment, net 11,481 11,203
Goodwill 15,646 4,559
Core deposit intangibles 3,051 36
Bank-owned life insurance 15,334 13,540
Other real estate owned 1,634 934
Accrued interest and other assets 9,605 7,502
TOTAL ASSETS 1,069,467 787,821
LIABILITIES    
Noninterest-bearing demand 162,614 133,630
Interest-bearing demand 94,605 59,560
Money market 162,843 74,940
Savings 183,845 172,370
Time 243,944 189,434
Total deposits 847,851 629,934
Short-term borrowings 76,213 68,359
Other borrowings 39,388 9,437
Accrued interest and other liabilities 6,700 3,131
TOTAL LIABILITIES 970,152 710,861
STOCKHOLDERS' EQUITY    
Common stock, no par value; 10,000,000 shares authorized, 3,189,722 and 2,640,418 shares issued; 2,803,557 2,254,253 shares outstanding 69,123 47,943
Retained earnings 42,678 41,334
Accumulated other comprehensive income [1] 1,032 1,201
Treasury stock, at cost; 386,165 shares (13,518) (13,518)
TOTAL STOCKHOLDERS' EQUITY 99,315 76,960
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,069,467 $ 787,821
[1] All amounts are net of tax. Amounts in parentheses indicate debits.