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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 6,205 $ 6,621
Federal funds sold 101 101
Interest-earning deposits 32,382 24,485
Total cash and cash equivalents 38,688 31,207
Securities available for sale 245,897 332,652
FHLB and FRB stock, at cost 15,590 11,593
Loans held for sale, at fair value 745 839
Loans 2,741,938 2,250,267
Less: Allowance for loan losses 22,969 19,480
Net loans 2,718,969 2,230,787
Premises and equipment 31,637 32,258
Other real estate owned 956 1,324
Accrued interest receivable 6,451 5,371
Bank owned life insurance 32,565 32,634
Deferred tax assets, net 12,673 10,491
Other assets 13,999 13,241
TOTAL ASSETS 3,118,170 2,702,397
Deposits:    
Noninterest-bearing demand deposits 386,588 366,371
Interest-bearing deposits:    
Interest-bearing deposits checking 667,847 600,889
Savings 120,606 112,878
Money market accounts 717,246 700,069
Certificates of deposit - Retail 384,235 198,819
Subtotal deposits 2,276,522 1,979,026
Interest-bearing demand - Brokered 293,000 188,000
Certificates of deposit - Brokered 94,224 131,667
Total deposits 2,663,746 2,298,693
Overnight borrowings with Federal Home Loan Bank 87,500 54,600
Federal Home Loan Bank advances 83,692 83,692
Capital lease obligation 10,475 10,712
Accrued expenses and other liabilities 14,881 12,433
Total liabilities $ 2,860,294 $ 2,460,130
SHAREHOLDERS' EQUITY    
Preferred stock (no par value; authorized 500,000 shares; liquidation preference of $1,000 per share)    
Common stock (no par value; stated value $0.83 per share; authorized 21,000,000 shares; issued shares, 16,000,346 at June 30, 2015 and 15,563,895 at December 31, 2014; outstanding shares, 15,592,168 at June 30, 2015 and 15,155,717 at December 31, 2014 $ 13,319 $ 12,954
Surplus 202,776 195,829
Treasury stock at cost, 408,178 shares at June 30, 2015 and December 31, 2014 (8,988) (8,988)
Retained earnings 49,966 41,251
Accumulated other comprehensive income, net of income tax 803 1,221
TOTAL SHAREHOLDERS' EQUITY 257,876 242,267
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 3,118,170 $ 2,702,397