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Consolidated Balance Sheet - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 39,886 $ 31,395
Federal funds sold 1,100
Cash and cash equivalents 39,886 32,495
Investment securities available for sale, at fair value 95,283 114,376
Loans held for sale 463 634
Loans 923,213 609,140
Less allowance for loan and lease losses 7,190 6,598
Net loans 916,023 602,542
Premises and equipment, net 11,853 11,203
Goodwill 15,071 4,559
Core deposit intangibles 2,749 36
Bank-owned life insurance 15,652 13,540
Other real estate owned 212 934
Accrued interest receivable and other assets 9,144 7,502
TOTAL ASSETS 1,106,336 787,821
LIABILITIES    
Noninterest-bearing demand 192,438 133,630
Interest-bearing demand 83,990 59,560
Money market 150,277 74,940
Savings 208,502 172,370
Time 242,987 189,434
Total deposits 878,194 629,934
Short-term borrowings 74,707 68,359
Other borrowings 29,065 9,437
Accrued interest payable and other liabilities 4,507 3,131
TOTAL LIABILITIES 986,473 710,861
STOCKHOLDERS' EQUITY    
Common stock, no par value; 10,000,000 shares authorized, 3,603,881 and 2,640,418 shares issued; 3,217,716 and 2,254,253 shares outstanding 84,859 47,943
Retained earnings 47,431 41,334
Accumulated other comprehensive income [1] 1,091 1,201
Treasury stock, at cost; 386,165 shares (13,518) (13,518)
TOTAL STOCKHOLDERS' EQUITY 119,863 76,960
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,106,336 $ 787,821
[1] All amounts are net of tax. Amounts in parentheses indicate debits to accumulated other comprehensive income.