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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 58,922 $ 42,373
Interest bearing deposits with other banks 77,419 150,601
Total cash and cash equivalents 136,341 192,974
Securities available for sale 570,582 542,313
Trading securities 5,507 9,809
Loans held for sale 1,815 930
Loans 2,855,206 2,809,197
Less: unearned discount (4,546) (5,162)
Less: allowance for loan losses (21,915) (19,473)
Net loans 2,828,745 2,784,562
FHLB, other equity, and restricted equity interests 27,975 27,868
Premises and equipment, net 55,109 54,867
Operating lease assets 18,360 18,422
Bank owned life insurance 67,017 66,538
Mortgage servicing rights 1,578 1,573
Goodwill 38,730 38,730
Core deposit intangible 77 160
Accrued interest receivable and other assets 27,302 24,913
Total Assets 3,779,138 3,763,659
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest bearing deposits 376,840 382,259
Interest bearing deposits 2,723,376 2,720,068
Total deposits 3,100,216 3,102,327
FHLB and other long term borrowings 225,722 227,907
Subordinated debentures 70,620 70,620
Operating lease liabilities 19,397 19,363
Accrued interest payable and other liabilities 38,381 38,476
Total liabilities 3,454,336 3,458,693
Common stock, $0 par value; authorized 50,000,000 shares; issued 15,476,736 shares at March 31, 2020 and 15,360,946 shares at December 31, 2019 0 0
Additional paid in capital 102,128 99,335
Retained earnings 207,698 201,503
Treasury stock, at cost (80,119 and 112,961 shares for March 31, 2020 and December 31, 2019, respectively) (2,026) (2,811)
Accumulated other comprehensive income (loss) 17,002 6,939
Total shareholders’ equity 324,802 304,966
Total Liabilities and Shareholders’ Equity $ 3,779,138 $ 3,763,659