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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 187,748 $ 43,327
Interest bearing deposits with other banks 5,226 2,236
Total cash and cash equivalents 192,974 45,563
Securities available for sale 542,313 516,863
Trading securities 9,809 7,786
Loans held for sale 930 367
Loans 2,809,197 2,479,348
Less: unearned discount (5,162) (4,791)
Less: allowance for loan losses (19,473) (19,704)
Net loans 2,784,562 2,454,853
FHLB and other equity interests 27,868 24,508
Premises and equipment, net 54,867 49,920
Operating lease assets 18,422 0
Bank owned life insurance 66,538 56,443
Mortgage servicing rights 1,573 1,495
Goodwill 38,730 38,730
Core deposit intangible 160 727
Accrued interest receivable and other assets 24,913 24,266
Total Assets 3,763,659 3,221,521
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest bearing deposits 382,259 356,797
Interest bearing deposits 2,720,068 2,253,989
Total deposits 3,102,327 2,610,786
FHLB and other long-term borrowings 227,907 245,117
Subordinated debentures 70,620 70,620
Operating lease liabilities 19,363 0
Accrued interest payable and other liabilities 38,476 32,168
Total liabilities 3,458,693 2,958,691
Commitments and contingent liabilities
Common stock, $0 par value; authorized 50,000,000 shares; issued 15,360,946 shares at December 31, 2019 and 15,308,378 shares at December 31, 2018 0 0
Additional paid in capital 99,335 97,602
Retained earnings 201,503 171,780
Treasury stock, at cost (112,961 and 101,097 shares for 2019 and 2018, respectively) (2,811) (2,556)
Accumulated other comprehensive income (loss) 6,939 (3,996)
Total shareholders’ equity 304,966 262,830
Total Liabilities and Shareholders’ Equity $ 3,763,659 $ 3,221,521