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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 55,223 $ 61,573
Interest-earning deposits with other banks 29,344 47,847
Cash and cash equivalents 84,567 109,420
Investment securities held-to-maturity (fair value $175,296 and $141,575 at June 30, 2019 and December 31, 2018, respectively) 172,946 142,634
Investment securities available-for-sale 293,022 328,507
Investments in equity securities 2,865 2,165
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 32,755 28,337
Loans held for sale 1,498 1,754
Loans and leases held for investment 4,167,904 4,006,574
Less: Reserve for loan and lease losses (32,600) (29,364)
Net loans and leases held for investment 4,135,304 3,977,210
Premises and equipment, net 58,292 59,559
Operating lease right-of-use assets 35,508 0
Goodwill 172,559 172,559
Other intangibles, net of accumulated amortization 10,995 11,990
Bank owned life insurance 113,294 111,599
Accrued interest receivable and other assets 40,693 38,613
Total assets 5,154,298 4,984,347
LIABILITIES    
Noninterest-bearing deposits 1,166,301 1,055,919
Interest-bearing deposits:    
Demand deposits 1,424,288 1,377,171
Savings deposits 822,084 782,766
Time deposits 709,437 670,077
Total deposits 4,122,110 3,885,933
Short-term borrowings 39,350 189,768
Long-term debt 170,195 145,330
Subordinated notes 94,696 94,574
Operating lease liabilities 38,608 0
Accrued interest payable and other liabilities 37,669 44,609
Total liabilities 4,502,628 4,360,214
SHAREHOLDERS’ EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at June 30, 2019 and December 31, 2018; 31,556,799 shares issued at June 30, 2019 and December 31, 2018; 29,294,942 and 29,270,852 shares outstanding at June 30, 2019 and December 31, 2018, respectively 157,784 157,784
Additional paid-in capital 293,947 292,401
Retained earnings 267,357 248,167
Accumulated other comprehensive loss, net of tax benefit (21,949) (28,416)
Treasury stock, at cost; 2,261,857 and 2,285,947 shares at June 30, 2019 and December 31, 2018, respectively (45,469) (45,803)
Total shareholders’ equity 651,670 624,133
Total liabilities and shareholders’ equity $ 5,154,298 $ 4,984,347