XML 16 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 4,446 $ 24,580
Federal funds sold 101 101
Interest-earning deposits 88,793 138,010
Total cash and cash equivalents 93,340 162,691
Securities available for sale 315,112 305,388
FHLB and FRB stock, at cost 13,589 13,813
Loans held for sale, at fair value 2,240 1,200
Loans held for sale, at lower of cost or fair value 388
Loans 3,667,197 3,312,144
Less: Allowance for loan and lease losses 35,915 32,208
Net loans 3,631,282 3,279,936
Premises and equipment 29,832 30,371
Other real estate owned 137 534
Accrued interest receivable 6,803 8,153
Bank owned life insurance 44,380 43,806
Deferred tax assets, net 16,636 15,320
Goodwill and other intangible assets 15,064 3,157
Other assets 7,917 13,876
TOTAL ASSETS 4,176,332 3,878,633
Deposits:    
Noninterest-bearing demand deposits 557,117 489,485
Interest-bearing deposits:    
Interest-bearing deposits checking [1] 1,144,714 1,023,081
Savings 121,830 120,056
Money market accounts 1,046,997 1,048,494
Certificates of deposit - Retail 528,251 457,000
Subtotal deposits 3,398,909 3,138,116
Interest-bearing demand - Brokered 180,000 180,000
Certificates of deposit - Brokered 83,788 93,721
Total deposits 3,662,697 3,411,837
Federal Home Loan Bank advances 49,898 61,795
Capital lease obligation 9,240 9,693
Subordinated debt, net 48,862 48,764
Accrued expenses and other liabilities 25,699 22,334
TOTAL LIABILITIES 3,796,396 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; authorized 21,000,000 shares; issued shares, 18,622,937 at September 30, 2017 and 17,666,173 at December 31, 2016; outstanding shares, 18,214,759 at September 30, 2017 and 17,257,995 at December 31, 2016 15,521 14,717
Surplus 268,951 238,708
Treasury stock at cost, 408,178 shares at both September 30, 2017 and December 31, 2016 (8,988) (8,988)
Retained earnings 104,797 81,304
Accumulated other comprehensive loss, net of income tax (345) (1,531)
TOTAL SHAREHOLDERS' EQUITY 379,936 324,210
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 4,176,332 $ 3,878,633
[1] Interest-bearing checking includes $373.7 million at September 30, 2017 and $393.0 million at December 31, 2016 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.