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Consolidated Balance Sheet (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 47,731 $ 31,395
Federal funds sold 1,200 1,100
Cash and cash equivalents 48,931 32,495
Investment securities available for sale, at fair value 98,334 114,376
Loans held for sale 5,930 634
Loans 878,541 609,140
Less allowance for loan and lease losses 6,852 6,598
Net loans 871,689 602,542
Premises and equipment, net 11,768 11,203
Goodwill 15,299 4,559
Core deposit intangibles 2,848 36
Bank-owned life insurance 15,542 13,540
Other real estate owned 557 934
Accrued interest and other assets 9,928 7,502
TOTAL ASSETS 1,080,826 787,821
LIABILITIES    
Noninterest-bearing demand 181,550 133,630
Interest-bearing demand 91,184 59,560
Money market 161,101 74,940
Savings 212,371 172,370
Time 251,449 189,434
Total deposits 897,655 629,934
Short-term borrowings 20,274 68,359
Other borrowings 39,273 9,437
Accrued interest and other liabilities 5,130 3,131
TOTAL LIABILITIES 962,332 710,861
STOCKHOLDERS' EQUITY    
Common stock, no par value; 10,000,000 shares authorized, 3,600,902 and 2,640,418 shares issued; 3,214,737 and 2,254,253 shares outstanding 84,722 47,943
Retained earnings 45,913 41,334
Accumulated other comprehensive income [1] 1,377 1,201
Treasury stock, at cost; 386,165 shares (13,518) (13,518)
TOTAL STOCKHOLDERS' EQUITY 118,494 76,960
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,080,826 $ 787,821
[1] All amounts are net of tax. Amounts in parentheses indicate debits to accumulated other comprehensive income.