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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets    
Cash and due from banks $ 15,952 $ 12,743
Federal funds sold 12,703  
Total cash and cash equivalents 28,655 12,743
Securities held-to-maturity (fair value of $2,649 in 2015 and $2,699 in 2014) 2,519 2,528
Securities available-for-sale, at fair value 35,996 24,395
Restricted stock, at cost 1,313 1,739
Loans, net of allowance for loan losses of $4,683 in 2015 and $4,790 in 2014 430,445 394,573
Loans held for sale 1,964 1,030
Premises and equipment, net 10,007 9,262
Interest receivable 1,248 1,246
Cash value - bank owned life insurance 9,781 9,512
Other real estate owned, net of valuation allowance 1,965 956
Income taxes receivable 1,096 945
Deferred tax asset, net 1,399 1,221
Other assets 755 715
Total assets 527,143 460,865
Deposits    
Noninterest bearing demand 91,325 74,682
NOW, money market and savings 232,864 227,761
Time 143,421 97,054
Total deposits 467,610 399,497
Federal funds purchased   3,189
FHLB borrowings   12,000
Capital notes 10,000 10,000
Interest payable 61 58
Other liabilities 1,276 1,345
Total liabilities $ 478,947 $ 426,089
Commitments and Contingencies
Stockholders' equity    
Preferred stock; authorized 1,000,000 shares; none issued and outstanding as of December 31, 2015 and December 31, 2014
Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,378,436 as of December 31, 2015 and 3,371,616 as of December 31, 2014 $ 9,370 $ 7,215
Additional paid-in-capital 31,495 22,919
Retained earnings 7,920 5,031
Accumulated other comprehensive (loss) (589) (389)
Total stockholders' equity 48,196 34,776
Total liabilities and stockholders' equity $ 527,143 $ 460,865