XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets:    
Cash and deposits with banks $ 32,904 $ 27,690
Federal funds sold 16,868 18,197
Total cash and cash equivalents 49,772 45,887
Securities:    
Available for sale, at fair value 335,834 343,284
Held to maturity, (fair value of $93,297 and $96,150, respectively) 94,523 97,519
Loans held for sale, at lower of cost or market 197 165
Loans held for sale, at fair value 75,501 62,593
Loans, net of allowance for loan losses of $18,970 and $19,087 1,835,000 1,503,577
Federal Home Loan Bank stock, at cost 19,324 18,068
Premises and equipment, net 23,919 20,963
Accrued interest receivable 7,032 6,900
Real estate owned and other repossessed assets, net 1,137 1,777
Goodwill 19,460 208
Customer list intangible 2,090 1,356
Core deposit intangible 2,182 5
Cash surrender value of life insurance 56,238 55,861
Other assets 34,801 33,182
Total assets 2,557,010 2,191,345
Deposits:    
Non-interest bearing 333,940 256,918
Interest bearing    
Customer deposits 1,439,266 1,181,557
Brokered deposits 131,999 76,516
Total interest bearing deposits 1,571,265 1,258,073
Total deposits 1,905,205 1,514,991
Federal Home Loan Bank advances    
Long-term Federal Home Loan Bank advances 47,951 47,756
Short-term Federal Home Loan Bank advances 291,000 343,000
Total Federal Home Loan Bank advances 338,951 390,756
Repurchase agreements and other 6,839 512
Total borrowed funds 345,790 391,268
Advance payments by borrowers for taxes and insurance 17,084 23,812
Accrued interest payable 304 145
Accrued expenses and other liabilities 11,525 11,323
Total liabilities 2,279,908 1,941,539
Shareholders' Equity:    
Preferred stock-no par value; 1,000,000 shares authorized and no shares issued and outstanding
Common stock-no par value; 499,000,000 shares authorized; 54,138,910 shares issued and 49,695,487 and 46,581,370 shares, respectively, outstanding 177,523 174,360
Retained earnings 152,721 152,675
Accumulated other comprehensive income (loss) (20,042) (21,040)
Treasury stock, at cost, 4,443,423 and 7,557,540 shares, respectively (33,100) (56,189)
Total shareholders’ equity 277,102 249,806
Total liabilities and shareholders’ equity $ 2,557,010 $ 2,191,345