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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 61,573 $ 46,721
Interest-earning deposits with other banks 47,847 28,688
Cash and cash equivalents 109,420 75,409
Investment securities held-to-maturity (fair value $141,575 and $55,320 at December 31, 2018 and 2017, respectively) 142,634 55,564
Investment securities available-for-sale 328,507 391,457
Investments in equity securities 2,165  
Investments in equity securities   7,061
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 28,337 27,204
Loans held for sale 1,754 1,642
Loans and leases held for investment 4,006,574 3,620,067
Less: Reserve for loan and lease losses (29,364) (21,555)
Net loans and leases held for investment 3,977,210 3,598,512
Premises and equipment, net 59,559 61,797
Goodwill 172,559 172,559
Other intangibles, net of accumulated amortization and fair value adjustments of $25,203 and $21,825 at December 31, 2018 and 2017, respectively 11,990 13,909
Bank owned life insurance 111,599 108,246
Accrued interest receivable and other assets 38,613 41,502
Total assets 4,984,347 4,554,862
LIABILITIES    
Noninterest-bearing deposits 1,055,919 1,040,026
Interest-bearing deposits:    
Demand deposits 1,377,171 1,109,438
Savings deposits 782,766 830,706
Time deposits 670,077 574,749
Total deposits 3,885,933 3,554,919
Short-term borrowings 189,768 105,431
Long-term debt 145,330 155,828
Subordinated notes 94,574 94,331
Accrued interest payable and other liabilities 44,609 40,979
Total liabilities 4,360,214 3,951,488
SHAREHOLDERS’ EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at December 31, 2018 and 2017; 31,556,799 shares issued at December 31, 2018 and 2017; 29,270,852 and 29,334,859 shares outstanding at December 31, 2018 and 2017, respectively 157,784 157,784
Additional paid-in capital 292,401 290,133
Retained earnings 248,167 216,761
Accumulated other comprehensive loss, net of tax benefit (28,416) (17,771)
Treasury stock, at cost; 2,285,947 and 2,221,940 shares at December 31, 2018 and 2017, respectively (45,803) (43,533)
Total shareholders’ equity 624,133 603,374
Total liabilities and shareholders’ equity $ 4,984,347 $ 4,554,862