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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 50,571 $ 61,573
Interest-earning deposits with other banks 74,557 47,847
Cash and cash equivalents 125,128 109,420
Investment securities held-to-maturity (fair value $194,886 and $141,575 at December 31, 2019 and 2018, respectively) 192,052 142,634
Investment securities available-for-sale 246,924 328,507
Investments in equity securities 2,623 2,165
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 28,254 28,337
Loans held for sale 5,504 1,754
Loans and leases held for investment 4,386,836 4,006,574
Less: Reserve for loan and lease losses (35,331) (29,364)
Net loans and leases held for investment 4,351,505 3,977,210
Premises and equipment, net 56,676 59,559
Operating lease right-of-use asset 34,418  
Goodwill 172,559 172,559
Other intangibles, net of accumulated amortization 10,284 11,990
Bank owned life insurance 114,778 111,599
Accrued interest receivable and other assets 40,219 38,613
Total assets 5,380,924 4,984,347
LIABILITIES    
Noninterest-bearing deposits 1,279,681 1,055,919
Interest-bearing deposits:    
Demand deposits 1,677,682 1,377,171
Savings deposits 796,702 782,766
Time deposits 606,010 670,077
Total deposits 4,360,075 3,885,933
Short-term borrowings 18,680 189,768
Long-term debt 150,098 145,330
Subordinated notes 94,818 94,574
Operating lease liabilities 37,617  
Accrued interest payable and other liabilities 44,514 44,609
Total liabilities 4,705,802 4,360,214
SHAREHOLDERS’ EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at December 31, 2019 and 2018; 31,556,799 shares issued at December 31, 2019 and 2018; 29,334,629 and 29,270,852 shares outstanding at December 31, 2019 and 2018, respectively 157,784 157,784
Additional paid-in capital 294,999 292,401
Retained earnings 288,803 248,167
Accumulated other comprehensive loss, net of tax benefit (21,730) (28,416)
Treasury stock, at cost; 2,222,170 and 2,285,947 shares at December 31, 2019 and 2018, respectively (44,734) (45,803)
Total shareholders’ equity 675,122 624,133
Total liabilities and shareholders’ equity $ 5,380,924 $ 4,984,347