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Consolidated Balance Sheet (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 37,971 $ 31,395
Federal funds sold 1,600 1,100
Cash and cash equivalents 39,571 32,495
Investment securities available for sale, at fair value 104,951 114,376
Loans held for sale 9,791 634
Loans 867,864 609,140
Less allowance for loan and lease losses 6,605 6,598
Net loans 861,259 602,542
Premises and equipment, net 11,511 11,203
Goodwill 15,435 4,559
Core deposit intangibles 2,948 36
Bank-owned life insurance 15,432 13,540
Other real estate owned 650 934
Accrued interest and other assets 9,528 7,502
TOTAL ASSETS 1,071,076 787,821
LIABILITIES    
Noninterest-bearing demand 172,199 133,630
Interest-bearing demand 87,084 59,560
Money market 160,858 74,940
Savings 181,259 172,370
Time 245,383 189,434
Total deposits 846,783 629,934
Short-term borrowings 63,388 68,359
Other borrowings 39,346 9,437
Accrued interest and other liabilities 4,357 3,131
TOTAL LIABILITIES 953,874 710,861
STOCKHOLDERS' EQUITY    
Common stock, no par value; 10,000,000 shares authorized, 3,597,913 and 2,640,418 shares issued; 3,211,748 and 2,254,253 shares outstanding 84,587 47,943
Retained earnings 44,318 41,334
Accumulated other comprehensive income [1] 1,815 1,201
Treasury stock, at cost; 386,165 shares (13,518) (13,518)
TOTAL STOCKHOLDERS' EQUITY 117,202 76,960
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,071,076 $ 787,821
[1] All amounts are net of tax. Amounts in parentheses indicate debits to accumulated other comprehensive income.