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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets:    
Cash and due from banks $ 79,853 $ 106,185
Short-term investments 3,070 1,612
Mortgage loans held for sale, at fair value 26,943 29,434
Securities:    
Available for sale, at fair value 780,954 739,912
Held to maturity, at amortized cost (fair value $12,721 in 2017 and $15,920 in 2016) 12,541 15,633
Total securities 793,495 755,545
Federal Home Loan Bank stock, at cost 40,517 43,129
Loans:    
Total loans [1] 3,374,071 3,234,371
Less allowance for loan losses 26,488 26,004
Net loans 3,347,583 3,208,367
Premises and equipment, net 28,333 29,020
Investment in bank-owned life insurance 73,267 71,105
Goodwill 63,909 64,059
Identifiable intangible assets, net 9,140 10,175
Other assets 63,740 62,484
Total assets 4,529,850 4,381,115
Liabilities:    
Demand deposits 661,138 585,960
NOW accounts 466,605 427,707
Money market accounts 731,345 730,075
Savings accounts 368,524 358,397
Time deposits 1,015,095 961,613
Total deposits 3,242,707 3,063,752
Federal Home Loan Bank advances 791,356 848,930
Junior subordinated debentures 22,681 22,681
Other liabilities 59,822 54,948
Total liabilities 4,116,566 3,990,311
Commitments and contingencies
Shareholders’ Equity:    
Common stock of $.0625 par value; authorized 60,000,000 shares; issued and outstanding 17,226,508 shares in 2017 and 17,170,820 shares in 2016 1,077 1,073
Paid-in capital 117,961 115,123
Retained earnings 317,756 294,365
Accumulated other comprehensive loss (23,510) (19,757)
Total shareholders’ equity 413,284 390,804
Total liabilities and shareholders’ equity 4,529,850 4,381,115
Commercial [Member]    
Loans:    
Total loans 1,822,829 1,771,666
Residential Real Estate [Member]    
Loans:    
Total loans 1,227,248 1,122,748
Consumer [Member]    
Loans:    
Total loans 323,994 339,957
Commercial Mortgages [Member]    
Loans:    
Total loans 1,072,487 1,074,186
Less allowance for loan losses 11,646 9,971
Commercial Mortgages [Member] | Commercial [Member]    
Loans:    
Total loans [2] 1,072,487 1,074,186
Commercial Construction & Development [Member]    
Loans:    
Total loans 138,008 121,371
Less allowance for loan losses 1,083 1,195
Commercial Construction & Development [Member] | Commercial [Member]    
Loans:    
Total loans [3] 138,008 121,371
Commercial & Industrial [Member]    
Loans:    
Total loans 612,334 576,109
Less allowance for loan losses [4] 5,580 6,992
Commercial & Industrial [Member] | Commercial [Member]    
Loans:    
Total loans [5] $ 612,334 $ 576,109
[1] Includes net unamortized loan origination costs of $3.8 million and $3.0 million, respectively, and net unamortized premiums on purchased loans of $878 thousand and $783 thousand, respectively, at December 31, 2017 and 2016.
[2] Loans primarily secured by income producing property.
[3] Loans for construction of commercial properties, loans to developers for construction of residential properties and loans for land development.
[4] Commercial & industrial loans.
[5] Loans to businesses and individuals, a substantial portion of which are fully or partially collateralized by real estate.