v3.7.0.1

Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 23,049,153	$ 22,854,712
Interest-bearing deposits with banks	17,022,773	23,320,968
Investment securities available for sale, at fair value	195,401,445	192,606,119
Investment securities held to maturity	506,553	509,617
Mortgage loans held for sale	6,380,856	5,098,518
Loans and leases held for investment	776,656,251	700,642,291
Allowance for loan and lease losses	(9,366,564)	(8,673,172)
Net loans and leases held for investment	767,289,687	691,969,119
Premises and equipment, net	11,152,205	11,291,596
Assets held for sale	185,906	192,720
Other real estate owned	2,437,946	3,229,423
Federal Home Loan Bank stock, at cost	1,847,700	1,573,700
Accrued interest receivable	3,448,043	3,525,684
Goodwill	4,218,576	4,218,576
Mortgage servicing rights	2,134,256	2,148,905
Identifiable intangible assets	1,490,348	1,611,187
Bank-owned life insurance	18,351,387	18,080,183
Prepaid expenses and other assets	6,462,221	8,470,887
Total assets	1,061,379,055	990,701,914
Liabilities and Stockholders' Equity
Non-interest bearing demand	208,671,921	196,917,165
Interest bearing demand	308,799,734	272,098,903
Savings	149,720,673	145,031,981
Large denomination certificates of deposit	136,978,726	122,819,510
Other time	127,363,292	133,732,804
Total deposits	931,534,346	870,600,363
Borrowed money	22,500,000	17,000,000
Junior subordinated debentures	10,310,000	10,310,000
Other liabilities	5,138,320	5,607,832
Total liabilities	969,482,666	903,518,195
Common stock, $.01 par value, 25,000,000 shares authorized; 9,502,520 and 9,494,935 shares outstanding, respectively	95,025	94,949
Additional paid-in capital	36,072,883	36,018,743
Retained earnings	52,822,834	49,560,595
Accumulated other comprehensive income	2,905,647	1,509,432
Total stockholders' equity	91,896,389	87,183,719
Total liabilities and stockholders' equity	$ 1,061,379,055	$ 990,701,914

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=84228862&loc=d3e637-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=84228862&loc=d3e681-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=84228862&loc=SL7669686-108580

FIRST SOUTH BANCORP INC /VA/ 10-Q