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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 4,458 $ 4,415
Federal funds sold 101 101
Interest-earning deposits 62,231 108,931
Total cash and cash equivalents 66,790 113,447
Securities available for sale 346,790 327,633
Equity security 4,710  
FHLB and FRB stock, at cost 21,533 13,378
Loans held for sale, at fair value 996 984
Loans held for sale, at lower of cost or fair value 3,000 187
Loans 3,722,905 3,704,440
Less: Allowance for loan and lease losses 38,066 36,440
Net loans 3,684,839 3,668,000
Premises and equipment 28,404 29,476
Other real estate owned 1,608 2,090
Accrued interest receivable 7,202 9,452
Bank owned life insurance 44,980 44,586
Goodwill 17,107 17,107
Other intangible assets 6,370 6,729
Other assets 30,845 27,478
TOTAL ASSETS 4,265,174 4,260,547
Deposits:    
Noninterest-bearing demand deposits 527,453 539,304
Interest-bearing deposits:    
Interest-bearing deposits checking [1] 1,053,004 1,152,483
Savings 120,986 119,556
Money market accounts 1,051,893 1,091,385
Certificates of deposit - retail 431,679 344,652
Certificates of deposit - listing service 96,644 198,383
Subtotal deposits 3,281,659 3,445,763
Interest-bearing demand - brokered 180,000 180,000
Certificates of deposit - brokered 61,254 72,591
Total deposits 3,522,913 3,698,354
Overnight borrowings 127,350 0
Federal Home Loan Bank advances 52,898 37,898
Capital lease obligation 8,728 9,072
Subordinated debt, net 83,133 83,024
Accrued expenses and other liabilities 33,133 28,521
TOTAL LIABILITIES 3,828,155 3,856,869
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, 19,415,490 at June 30, 2018 and 19,027,812 at December 31, 2017; outstanding shares, 19,007,312 at June 30, 2018 and 18,619,634 at December 31, 2017 16,183 15,858
Surplus 297,318 283,552
Treasury stock at cost, 408,178 shares at both June 30, 2018 and December 31, 2017 (8,988) (8,988)
Retained earnings 135,260 114,468
Accumulated other comprehensive loss, net of income tax (2,754) (1,212)
TOTAL SHAREHOLDERS’ EQUITY 437,019 403,678
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY $ 4,265,174 $ 4,260,547
[1] Interest-bearing checking includes $371.4 million at June 30, 2018 and $359.9 million at December 31, 2017 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.