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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 31,260 $ 32,356
Interest-earning deposits with other banks 7,287 28,443
Investment securities held-to-maturity (fair value $37,031 and $41,061 at March 31, 2016 and December 31, 2015, respectively) 36,932 40,990
Investment securities available-for-sale 292,425 329,770
Loans held for sale 3,818 4,680
Loans and leases held for investment 2,183,256 2,179,013
Less: Reserve for loan and lease losses (16,452) (17,628)
Net loans and leases held for investment 2,166,804 2,161,385
Premises and equipment, net 43,385 42,156
Goodwill 112,657 112,657
Other intangibles, net of accumulated amortization and fair value adjustments of $14,349 and $15,360 at March 31, 2016 and December 31, 2015, respectively 12,096 12,620
Bank owned life insurance 72,030 71,560
Accrued interest receivable and other assets 46,083 42,834
Total assets 2,824,777 2,879,451
LIABILITIES    
Noninterest-bearing deposits 559,827 541,460
Interest-bearing deposits:    
Demand deposits 748,576 790,800
Savings deposits 643,050 607,694
Time deposits 382,908 454,406
Total deposits 2,334,361 2,394,360
Customer repurchase agreements 25,851 24,211
Subordinated notes 49,414 49,377
Accrued interest payable and other liabilities 48,148 49,929
Total liabilities 2,457,774 2,517,877
SHAREHOLDERS’ EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at March 31, 2016 and December 31, 2015; 22,054,270 shares issued at March 31, 2016 and December 31, 2015; 19,592,798 and 19,530,930 shares outstanding at March 31, 2016 and December 31, 2015, respectively 110,271 110,271
Additional paid-in capital 120,906 121,280
Retained earnings 196,827 193,446
Accumulated other comprehensive loss, net of tax benefit (15,481) (16,708)
Treasury stock, at cost; 2,461,472 and 2,523,340 shares at March 31, 2016 and December 31, 2015, respectively (45,520) (46,715)
Total shareholders’ equity 367,003 361,574
Total liabilities and shareholders’ equity $ 2,824,777 $ 2,879,451