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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 52,833 $ 43,327
Interest bearing deposits with other banks 2,449 2,236
Total cash and cash equivalents 55,282 45,563
Securities available for sale 500,608 516,863
Trading securities 8,642 7,786
Loans held for sale 2,952 367
Loans 2,530,761 2,479,348
Less: unearned discount (4,671) (4,791)
Less: allowance for loan losses (20,346) (19,704)
Net loans 2,505,744 2,454,853
FHLB, other equity, and restricted equity interests 23,129 24,508
Premises and equipment, net 51,331 49,920
Operating lease assets 16,222 0
Bank owned life insurance 56,805 56,443
Mortgage servicing rights 1,498 1,495
Goodwill 38,730 38,730
Core deposit intangible 562 727
Accrued interest receivable and other assets 25,819 24,266
Total Assets 3,287,324 3,221,521
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest bearing deposits 345,386 356,797
Interest bearing deposits 2,311,973 2,253,989
Total deposits 2,657,359 2,610,786
Short-term borrowings 0 0
FHLB and other long term borrowings 240,005 245,117
Subordinated debentures 70,620 70,620
Operating lease liabilities 17,109 0
Accrued interest payable and other liabilities 27,272 32,168
Total liabilities 3,012,365 2,958,691
Common stock, $0 par value; authorized 50,000,000 shares; issued 15,308,378 shares at March 31, 2019 and December 31, 2018 0 0
Additional paid in capital 97,139 97,602
Retained earnings 178,662 171,780
Treasury stock, at cost (69,007 shares at March 31, 2019 and 101,097 shares at December 31, 2018) (1,702) (2,556)
Accumulated other comprehensive income (loss) 860 (3,996)
Total shareholders’ equity 274,959 262,830
Total Liabilities and Shareholders’ Equity $ 3,287,324 $ 3,221,521