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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 25,573 $ 24,112
Interest-bearing deposits in other financial institutions 117,562 319,980
Total cash and cash equivalents 143,135 344,092
Securities available-for-sale, at fair value 448,540 385,079
Securities held-to-maturity, at amortized cost (fair value of $187,047 at March 31, 2016 and $109,821 at December 31, 2015) 185,165 109,311
Loans held-for-sale - SBA, at lower of cost or fair value, including deferred costs 2,389 7,297
Loans, net of deferred fees 1,395,264 1,358,716
Allowance for loan losses (19,458) (18,926)
Loans, net 1,375,806 1,339,790
Federal Home Loan Bank and Federal Reserve Bank stock and other investments, at cost 12,702 12,694
Company owned life insurance 60,470 60,021
Premises and equipment, net 7,625 7,773
Goodwill 45,664 45,664
Other intangible assets 8,126 8,518
Accrued interest receivable and other assets 37,711 41,340
Total assets 2,327,333 2,361,579
Deposits:    
Demand, noninterest-bearing 768,525 821,405
Demand, interest-bearing 506,272 496,278
Savings and money market 493,275 496,843
Time deposits-under $250 61,595 62,026
Time deposits-$250 and over 179,048 160,815
Time deposits-brokered 11,829 17,825
CDARS - money market and time deposits 8,192 7,583
Total deposits 2,028,736 2,062,775
Short-term borrowings   3,000
Accrued interest payable and other liabilities 46,938 50,368
Total liabilities 2,075,674 2,116,143
Shareholders' equity:    
Preferred stock, no par value; 10,000,000 shares authorized Series C convertible perpetual preferred stock, 21,004 shares issued and outstanding at March 31, 2016 and December 31, 2015 (liquidation preference of $21,004 at March 31, 2016 and December 31, 2015) 19,519 19,519
Common stock, no par value; 60,000,000 shares authorized; 32,170,920 shares issued and outstanding at March 31, 2016 and 32,113,479 shares issued and outstanding at December 31, 2015 194,153 193,364
Retained earnings 41,485 38,773
Accumulated other comprehensive loss (3,498) (6,220)
Total shareholders' equity 251,659 245,436
Total liabilities and shareholders' equity $ 2,327,333 $ 2,361,579