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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 4,910 $ 24,580
Federal funds sold 101 101
Interest-earning deposits 113,953 138,010
Total cash and cash equivalents 118,964 162,691
Securities available for sale 300,232 305,388
FHLB and FRB stock, at cost 15,436 13,813
Residential mortgage loans held for sale, at fair value   1,200
Loans held for sale, at lower of cost or fair value 128 388
Loans 3,439,650 3,312,144
Less: Allowance for loan losses 33,610 32,208
Net loans 3,406,040 3,279,936
Premises and equipment 30,113 30,371
Other real estate owned 671 534
Accrued interest receivable 6,823 8,153
Bank owned life insurance 43,992 43,806
Deferred tax assets, net 15,325 15,320
Goodwill 1,573 1,573
Other intangible assets 1,553 1,584
Other assets 6,712 13,876
TOTAL ASSETS 3,947,562 3,878,633
Deposits:    
Noninterest-bearing demand deposits 528,554 489,485
Interest-bearing deposits:    
Interest-bearing deposits checking 1,015,178 1,023,081
Savings 122,262 120,056
Money market accounts 1,049,909 1,048,494
Certificates of deposit - Retail 440,991 457,000
Subtotal deposits 3,156,894 3,138,116
Interest-bearing demand - Brokered 180,000 180,000
Certificates of deposit - Brokered 93,750 93,721
Total deposits 3,430,644 3,411,837
Overnight borrowings with Federal Home Loan Bank 34,550  
Federal Home Loan Bank advances 58,795 61,795
Capital lease obligation 9,556 9,693
Subordinated debt, net 48,796 48,764
Accrued expenses and other liabilities 24,293 22,334
TOTAL LIABILITIES 3,606,634 3,554,423
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; 21,000,000 shares; issued shares, 17,987,452 at March 31, 2017 and 17,666,173 at December 31, 2016; outstanding shares, 17,579,274 at March 31, 2017 and 17,257,995 at December 31, 2016 14,991 14,717
Surplus 247,124 238,708
Treasury stock at cost, 408,178 shares at both March 31, 2017 and December 31, 2016 (8,988) (8,988)
Retained earnings 88,423 81,304
Accumulated other comprehensive loss, net of income tax (622) (1,531)
TOTAL SHAREHOLDERS' EQUITY 340,928 324,210
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 3,947,562 $ 3,878,633