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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 57,234 $ 50,571
Interest-earning deposits with other banks 291,295 74,557
Cash and cash equivalents 348,529 125,128
Investment securities held-to-maturity (fair value $208,307 and $194,886 at June 30, 2020 and December 31, 2019, respectively) 201,703 192,052
Investment securities available-for-sale (amortized cost $196,846 and $251,014, net of allowance for credit losses of $855 and $— at June 30, 2020 and December 31, 2019, respectively) 194,201 246,924
Investments in equity securities 1,948 2,623
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 28,192 28,254
Loans held for sale 31,082 5,504
Loans and leases held for investment 4,951,809 4,386,836
Less: Reserve for credit losses, loans and leases 86,217  
Less: Reserve for credit losses, loans and leases (86,217) (35,331)
Net loans and leases held for investment 4,865,592 4,351,505
Premises and equipment, net 55,900 56,676
Operating lease right-of-use assets 34,148 34,418
Goodwill 172,559 172,559
Other intangibles, net of accumulated amortization 9,098 10,284
Bank owned life insurance 116,244 114,778
Accrued interest receivable and other assets 66,116 40,219
Total assets 6,125,312 5,380,924
LIABILITIES    
Noninterest-bearing deposits 1,725,819 1,279,681
Interest-bearing deposits    
Demand deposits 1,719,052 1,677,682
Savings deposits 903,973 796,702
Time deposits 520,485 606,010
Total deposits 4,869,329 4,360,075
Short-term borrowings 210,780 18,680
Long-term debt 210,039 150,098
Subordinated notes 94,903 94,818
Operating lease liabilities 37,427 37,617
Accrued interest payable and other liabilities 47,961 44,514
Total liabilities 5,470,439 4,705,802
SHAREHOLDERS' EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at June 30, 2020 and December 31, 2019; 31,556,799 shares issued at June 30, 2020 and December 31, 2019; 29,201,985 and 29,334,629 shares outstanding at June 30, 2020 and December 31, 2019, respectively 157,784 157,784
Additional paid-in capital 296,028 294,999
Retained earnings 268,751 288,803
Accumulated other comprehensive loss, net of tax benefit (19,807) (21,730)
Treasury stock, at cost; 2,354,814 and 2,222,170 shares at June 30, 2020 and December 31, 2019, respectively (47,883) (44,734)
Total shareholders’ equity 654,873 675,122
Total liabilities and shareholders’ equity $ 6,125,312 $ 5,380,924