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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 4,726 $ 5,914
Federal funds sold 101 101
Interest-earning deposits 235,487 154,758
Total cash and cash equivalents 240,314 160,773
Securities available for sale 384,400 377,936
Equity security, at fair value 4,778 4,719
FHLB and FRB stock, at cost 18,460 18,533
Loans held for sale, at fair value   1,576
Loans held for sale, at lower of cost or fair value 3,931 3,542
Loans 3,897,416 3,927,931
Less: Allowance for loan and lease losses 38,653 38,504
Net loans 3,858,763 3,889,427
Premises and equipment 21,201 27,408
Accrued interest receivable 11,688 10,814
Bank owned life insurance 45,554 45,353
Goodwill 24,417 24,417
Other intangible assets 7,753 7,982
Finance lease right-of-use assets 5,639  
Operating lease right-of-use assets 7,541  
Other assets 27,867 45,378
TOTAL ASSETS 4,662,306 4,617,858
Deposits:    
Noninterest-bearing demand deposits 476,013 463,926
Interest-bearing deposits:    
Checking [1] 1,268,823 1,247,305
Savings 114,865 114,674
Money market accounts 1,209,835 1,243,369
Certificates of deposit - retail 545,450 510,724
Certificates of deposit - listing service 68,055 79,195
Subtotal deposits 3,683,041 3,659,193
Interest-bearing demand - brokered 180,000 180,000
Certificates of deposit - brokered 56,165 56,147
Total deposits 3,919,206 3,895,340
Federal Home Loan Bank advances 105,000 108,000
Finance lease liabilities 8,175 8,362
Operating lease liabilities 7,683  
Subordinated debt, net 83,249 83,193
Deferred tax liabilities, net 12,150 16,029
Accrued expenses and other liabilities 45,371 37,921
TOTAL LIABILITIES 4,180,834 4,148,845
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 42,000,000 shares; issued shares, 19,853,541 at March 31, 2019 and 19,745,840 at December 31, 2018; outstanding shares, 19,445,363 at March 31, 2019 and 19,337,662 at December 31, 2018 16,549 16,459
Surplus 309,722 309,088
Treasury stock at cost, 408,178 shares at both March 31, 2019 and December 31, 2018 (8,988) (8,988)
Retained earnings 165,918 154,799
Accumulated other comprehensive loss, net of income tax (1,729) (2,345)
TOTAL SHAREHOLDERS’ EQUITY 481,472 469,013
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY $ 4,662,306 $ 4,617,858
[1] Interest-bearing checking includes $427.8 million at March 31, 2019 and $434.5 million at December 31, 2018 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.