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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 49,008 $ 50,571
Interest-earning deposits with other banks 133,894 74,557
Cash and cash equivalents 182,902 125,128
Investment securities held-to-maturity (fair value $229,552 and $194,886 at March 31, 2020 and December 31, 2019, respectively) 222,389 192,052
Investment securities available-for-sale (amortized cost $208,636, net of allowance for credit losses of $897 at March 31, 2020) 198,886 246,924
Investments in equity securities 2,246 2,623
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 28,465 28,254
Loans held for sale 11,417 5,504
Loans and leases held for investment 4,448,825 4,386,836
Less: Reserve for credit losses, loans and leases 68,216  
Less: Reserve for loan and lease losses (68,216) (35,331)
Net loans and leases held for investment 4,380,609 4,351,505
Premises and equipment, net 55,789 56,676
Operating lease right-of-use assets 34,679 34,418
Goodwill 172,559 172,559
Other intangibles, net of accumulated amortization 9,773 10,284
Bank owned life insurance 115,512 114,778
Accrued interest receivable and other assets 49,542 40,219
Total assets 5,464,768 5,380,924
LIABILITIES    
Noninterest-bearing deposits 1,318,270 1,279,681
Interest-bearing deposits    
Demand deposits 1,615,979 1,677,682
Savings deposits 836,042 796,702
Time deposits 637,012 606,010
Total deposits 4,407,303 4,360,075
Short-term borrowings 18,415 18,680
Long-term debt 210,069 150,098
Subordinated notes 94,879 94,818
Operating lease liabilities 37,919 37,617
Accrued interest payable and other liabilities 44,632 44,514
Total liabilities 4,813,217 4,705,802
SHAREHOLDERS' EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at March 31, 2020 and December 31, 2019; 31,556,799 shares issued at March 31, 2020 and December 31, 2019; 29,164,782 and 29,334,629 shares outstanding at March 31, 2020 and December 31, 2019, respectively 157,784 157,784
Additional paid-in capital 295,439 294,999
Retained earnings 272,478 288,803
Accumulated other comprehensive loss, net of tax benefit (25,628) (21,730)
Treasury stock, at cost; 2,392,017 and 2,222,170 shares at March 31, 2020 and December 31, 2019, respectively (48,522) (44,734)
Total shareholders’ equity 651,551 675,122
Total liabilities and shareholders’ equity $ 5,464,768 $ 5,380,924