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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Deposits:    
Non-interest bearing $ 340,576 $ 342,636
Interest bearing 1,363,623 1,389,932
Total deposits 1,704,199 1,732,568
Cash and due from banks:    
Non-interest bearing 47,137 42,570
Interest bearing 5,444 72,722
Federal funds sold 491 492
Cash and cash equivalents 53,072 115,784
Certificates of deposit investments 30,307 25,000
Investment securities:    
Available-for-sale, at fair value 500,577 518,848
Held-to-maturity, at amortized cost (estimated fair value of $113,112 and $85,737 at June 30, 2016 and December 31, 2015, respectively) 112,161 85,208
Loans held for sale 1,346 968
Loans 1,313,841 1,280,921
Less allowance for loan losses (15,164) (14,576)
Net loans 1,298,677 1,266,345
Interest receivable 7,299 8,085
Other real estate owned 436 477
Premises and equipment, net 29,569 31,340
Goodwill, net 41,007 41,007
Intangible assets, net 8,140 8,997
Bank Owned Life Insurance 25,183 0
Other assets 12,009 12,440
Total assets 2,119,783 2,114,499
Liabilities and Stockholders' Equity    
Securities sold under agreements to repurchase 131,099 128,842
Interest payable 385 356
FHLB borrowings 40,000 20,000
Junior subordinated debentures 20,620 20,620
Dividends Payable 0 550
Other liabilities 6,860 6,554
Total liabilities 1,903,163 1,909,490
Stockholders' Equity    
Convertible preferred stock, no par value; authorized 1,000,000 shares; issued 0 shares in 2016 and 5,500 shares in 2015 0 27,400
Common stock, $4 par value; authorized 18,000,000 shares; issued 10,393,395 and 9,003,710 shares in 2016 and 2015, respectively 43,574 38,015
Additional paid-in capital 102,786 79,626
Retained earnings 77,679 71,712
Deferred compensation 2,907 3,245
Accumulated other comprehensive income 5,262 723
Less treasury stock at cost, 549,743 shares in 2016 and 2015 (15,588) (15,712)
Total stockholders’ equity 216,620 205,009
Total liabilities and stockholders’ equity $ 2,119,783 $ 2,114,499