XML 17 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 4,415 $ 24,580
Federal funds sold 101 101
Interest-earning deposits 108,931 138,010
Total cash and cash equivalents 113,447 162,691
Securities available for sale 327,633 305,388
FHLB and FRB stock, at cost 13,378 13,813
Loans held for sale, at fair value 984 1,200
Loans held for sale, at lower of cost or fair value 187 388
Loans 3,704,440 3,312,144
Less: Allowance for loan losses 36,440 32,208
Net loans 3,668,000 3,279,936
Premises and equipment 29,476 30,371
Other real estate owned 2,090 534
Accrued interest receivable 9,452 8,153
Bank owned life insurance 44,586 43,806
Deferred tax assets, net 552 15,320
Goodwill 17,107 1,573
Other intangible assets 6,729 1,584
Other assets 26,926 13,876
Total assets 4,260,547 3,878,633
Deposits:    
Noninterest-bearing demand deposits 539,304 489,485
Interest-bearing deposits:    
Checking 1,152,483 1,023,081
Savings 119,556 120,056
Money market accounts 1,091,385 1,048,494
Certificates of deposit 543,035 457,000
Subtotal deposits 3,445,763 3,138,116
Interest-bearing demand - Brokered 180,000 180,000
Certificates of deposit - Brokered 72,591 93,721
Total deposits 3,698,354 3,411,837
Overnight borrowings
Federal Home Loan Bank advances 37,898 61,795
Capital lease obligation 9,072 9,693
Subordinated debt, net 83,024 48,764
Accrued expenses and other liabilities 28,521 22,334
Total liabilities 3,856,869 3,554,423
SHAREHOLDERS' EQUITY    
Preferred stock (no par value; authorized 500,000 shares)
Common stock (no par value; stated value $0.83 per share; authorized 21,000,000 shares; issued shares, 19,027,812 at December 31, 2017 and 17,666,173 at December 31, 2016; outstanding shares, 18,619,634 at December 31, 2017 and 17,257,995 at December 31, 2016) 15,858 14,717
Surplus 283,552 238,708
Treasury stock at cost (408,178 shares at December 31, 2017 and 2016) (8,988) (8,988)
Retained earnings 114,468 81,304
Accumulated other comprehensive loss (1,212) (1,531)
Total shareholders' equity 403,678 324,210
Total liabilities and shareholders' equity $ 4,260,547 $ 3,878,633