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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 45,563 $ 42,373
Interest bearing deposits with other banks 617,785 150,601
Total cash and cash equivalents 663,348 192,974
Securities available for sale 549,094 542,313
Trading securities 5,889 9,809
Loans held for sale 6,065 930
Loans 3,034,788 2,809,197
Less: unearned discount (4,617) (5,162)
Less: allowance for loan losses (24,529) (19,473)
Net loans 3,005,642 2,784,562
FHLB, other equity, and restricted equity interests 28,661 27,868
Premises and equipment, net 55,377 54,867
Operating lease assets 17,993 18,422
Bank owned life insurance 67,403 66,538
Mortgage servicing rights 1,327 1,573
Goodwill 38,730 38,730
Core deposit intangible 8 160
Accrued interest receivable and other assets 30,014 24,913
Total Assets 4,469,551 3,763,659
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest bearing deposits 507,236 382,259
Interest bearing deposits 3,088,786 2,720,068
Total deposits 3,596,022 3,102,327
FHLB and other long term borrowings 416,313 227,907
Subordinated debentures 70,620 70,620
Operating lease liabilities 19,071 19,363
Accrued interest payable and other liabilities 37,253 38,476
Total liabilities 4,139,279 3,458,693
Common stock, $0 par value; authorized 50,000,000 shares; issued 15,476,736 shares at June 30, 2020 and 15,360,946 shares at December 31, 2019 0 0
Additional paid in capital 102,374 99,335
Retained earnings 213,327 201,503
Treasury stock, at cost (80,175 and 112,961 shares for June 30, 2020 and December 31, 2019, respectively) (2,027) (2,811)
Accumulated other comprehensive income (loss) 16,598 6,939
Total shareholders’ equity 330,272 304,966
Total Liabilities and Shareholders’ Equity $ 4,469,551 $ 3,763,659
Common stock, par value (in dollars per share) $ 0 $ 0
Common stock, shares authorized (in shares) 50,000,000 50,000,000
Common stock, shares issued (in shares) 15,476,736 15,360,946
Treasury stock, shares (in shares) 80,175 112,961