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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets:    
Cash and due from banks $ 93,222 $ 76,386
Short-term investments 4,409 3,964
Mortgage loans held for sale (including $33,969 in 2015 and $30,321 in 2014 measured at fair value) 38,554 45,693
Securities:    
Available for sale, at fair value 375,044 357,662
Held to maturity, at amortized cost (fair value $20,516 in 2015 and $26,008 in 2014) 20,023 25,222
Total securities 395,067 382,884
Federal Home Loan Bank stock, at cost 24,316 37,730
Loans:    
Commercial 1,654,547 1,535,488
Residential real estate 1,013,555 985,415
Consumer 345,025 338,373
Total loans 3,013,127 2,859,276
Less allowance for loan losses 27,069 28,023
Net loans 2,986,058 2,831,253
Premises and equipment, net 29,593 27,495
Investment in bank-owned life insurance 65,501 63,519
Goodwill 64,059 58,114
Identifiable intangible assets, net 11,460 4,849
Other assets 59,365 54,987
Total assets 3,771,604 3,586,874
Liabilities:    
Demand deposits 537,298 459,852
NOW accounts 412,602 326,375
Money market accounts 823,490 802,764
Savings accounts 326,967 291,725
Time deposits 833,898 874,102
Total deposits 2,934,255 2,754,818
Federal Home Loan Bank advances 378,973 406,297
Junior subordinated debentures 22,681 22,681
Other liabilities 60,307 56,799
Total liabilities $ 3,396,216 $ 3,240,595
Commitments and contingencies
Shareholders’ Equity:    
Common stock of $.0625 par value; authorized 30,000,000 shares; issued and outstanding 17,019,578 shares in 2015 and 16,746,363 shares in 2014 $ 1,064 $ 1,047
Paid-in capital 110,949 101,204
Retained earnings 273,074 252,837
Accumulated other comprehensive loss (9,699) (8,809)
Total shareholders’ equity 375,388 346,279
Total liabilities and shareholders’ equity $ 3,771,604 $ 3,586,874