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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 43,327 $ 33,146
Interest bearing deposits with other banks 2,236 2,199
Total cash and cash equivalents 45,563 35,345
Securities available for sale 516,863 409,709
Trading securities 7,786 7,150
Loans held for sale 367 852
Loans 2,479,348 2,149,848
Less: unearned discount (4,791) (3,889)
Less: allowance for loan losses (19,704) (19,693)
Net loans 2,454,853 2,126,266
FHLB and other equity interests 24,508 21,517
Premises and equipment, net 49,920 50,715
Bank owned life insurance 56,443 55,035
Mortgage servicing rights 1,495 1,387
Goodwill 38,730 38,730
Core deposit intangible 727 1,625
Accrued interest receivable and other assets 24,266 20,442
Total Assets 3,221,521 2,768,773
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest bearing deposits 356,797 321,858
Interest bearing deposits 2,253,989 1,845,957
Total deposits 2,610,786 2,167,815
Short-term borrowings 0 34,416
FHLB and other long-term borrowings 245,117 222,943
Subordinated debentures 70,620 70,620
Accrued interest payable and other liabilities 32,168 29,069
Total liabilities 2,958,691 2,524,863
Commitments and contingent liabilities
Common stock, $0 par value; authorized 50,000,000 shares; issued 15,308,378 shares at December 31, 2018 and 2017 0 0
Additional paid in capital 97,602 97,042
Retained earnings 171,780 148,298
Treasury stock, at cost (101,097 and 43,638 shares for 2018 and 2017, respectively) (2,556) (1,087)
Accumulated other comprehensive loss (3,996) (343)
Total shareholders’ equity 262,830 243,910
Total Liabilities and Shareholders’ Equity $ 3,221,521 $ 2,768,773