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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 64,537 $ 50,571
Interest-earning deposits with other banks 323,139 74,557
Cash and cash equivalents 387,676 125,128
Investment securities held-to-maturity (fair value $182,376 and $194,886 at September 30, 2020 and December 31, 2019, respectively) 176,817 192,052
Investment securities available-for-sale (amortized cost $191,202 and $251,014, net of allowance for credit losses of $692 and $— at September 30, 2020 and December 31, 2019, respectively) 189,227 246,924
Investments in equity securities 2,786 2,623
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 29,723 28,254
Loans held for sale 14,465 5,504
Loans and leases held for investment 5,211,856 4,386,836
Less: Allowance for credit losses, loans and leases (91,870) (35,331)
Net loans and leases held for investment 5,119,986 4,351,505
Premises and equipment, net 55,410 56,676
Operating lease right-of-use assets 34,573 34,418
Goodwill 172,559 172,559
Other intangibles, net of accumulated amortization 9,015 10,284
Bank owned life insurance 116,985 114,778
Accrued interest receivable and other assets 73,609 40,219
Total assets 6,382,831 5,380,924
LIABILITIES    
Noninterest-bearing deposits 1,714,505 1,279,681
Interest-bearing deposits    
Demand deposits 2,055,164 1,677,682
Savings deposits 885,715 796,702
Time deposits 556,219 606,010
Total deposits 5,211,603 4,360,075
Short-term borrowings 17,681 18,680
Long-term debt 205,010 150,098
Subordinated notes 193,413 94,818
Operating lease liabilities 37,891 37,617
Accrued interest payable and other liabilities 48,126 44,514
Total liabilities 5,713,724 4,705,802
SHAREHOLDERS' EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at September 30, 2020 and December 31, 2019; 31,556,799 shares issued at September 30, 2020 and December 31, 2019; 29,241,302 and 29,334,629 shares outstanding at September 30, 2020 and December 31, 2019, respectively 157,784 157,784
Additional paid-in capital 296,599 294,999
Retained earnings 281,026 288,803
Accumulated other comprehensive loss, net of tax benefit (19,100) (21,730)
Treasury stock, at cost; 2,315,497 and 2,222,170 shares at September 30, 2020 and December 31, 2019, respectively (47,202) (44,734)
Total shareholders’ equity 669,107 675,122
Total liabilities and shareholders’ equity $ 6,382,831 $ 5,380,924