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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 46,721 $ 48,757
Interest-earning deposits with other banks 28,688 9,068
Investment securities held-to-maturity (fair value $55,320 and $24,871 at December 31, 2017 and 2016, respectively) 55,564 24,881
Investment securities available-for-sale 398,518 443,637
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 27,204 24,869
Loans held for sale 1,642 5,890
Loans and leases held for investment 3,620,067 3,285,886
Less: Reserve for loan and lease losses (21,555) (17,499)
Net loans and leases held for investment 3,598,512 3,268,387
Premises and equipment, net 61,797 63,638
Goodwill 172,559 172,559
Other intangibles, net of accumulated amortization and fair value adjustments of $21,825 and $17,597 at December 31, 2017 and 2016, respectively 13,909 16,651
Bank owned life insurance 108,246 99,948
Accrued interest receivable and other assets 41,502 52,243
Total assets 4,554,862 4,230,528
LIABILITIES    
Noninterest-bearing deposits 1,040,026 918,337
Interest-bearing deposits:    
Demand deposits 1,109,438 909,963
Savings deposits 830,706 803,078
Time deposits 574,749 626,189
Total deposits 3,554,919 3,257,567
Short-term borrowings 105,431 196,171
Long-term debt 155,828 127,522
Subordinated notes 94,331 94,087
Accrued interest payable and other liabilities 40,979 49,972
Total liabilities 3,951,488 3,725,319
SHAREHOLDERS’ EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at December 31, 2017 and 2016; 31,556,799 and 28,911,799 shares issued at December 31, 2017 and 2016, respectively; 29,334,859 and 26,589,353 shares outstanding at December 31, 2017 and 2016, respectively 157,784 144,559
Additional paid-in capital 290,133 230,494
Retained earnings 216,761 194,516
Accumulated other comprehensive loss, net of tax benefit (17,771) (19,454)
Treasury stock, at cost; 2,221,940 and 2,322,446 shares at December 31, 2017 and 2016, respectively (43,533) (44,906)
Total shareholders’ equity 603,374 505,209
Total liabilities and shareholders’ equity $ 4,554,862 $ 4,230,528