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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets:    
Cash and due from banks $ 89,923 $ 79,853
Short-term investments 3,552 3,070
Mortgage loans held for sale, at fair value 20,996 26,943
Securities:    
Available for sale, at fair value 927,810 780,954
Held to maturity, at amortized cost (fair value $10,316 in 2018 and $12,721 in 2017) 10,415 12,541
Total securities 938,225 793,495
Federal Home Loan Bank stock, at cost 46,068 40,517
Loans:    
Total loans [1] 3,680,360 3,374,071
Less allowance for loan losses 27,072 26,488
Net loans 3,653,288 3,347,583
Premises and equipment, net 29,005 28,333
Investment in bank-owned life insurance 80,463 73,267
Goodwill 63,909 63,909
Identifiable intangible assets, net 8,162 9,140
Other assets 77,175 63,740
Total assets 5,010,766 4,529,850
Liabilities:    
Noninterest-bearing deposits 603,216 578,410
Interest-bearing deposits 2,920,832 2,664,297
Total deposits 3,524,048 3,242,707
Federal Home Loan Bank advances 950,722 791,356
Junior subordinated debentures 22,681 22,681
Other liabilities 65,131 59,822
Total liabilities 4,562,582 4,116,566
Commitments and contingencies (Note 22)
Shareholders’ Equity:    
Common stock of $.0625 par value; authorized 60,000,000 shares; issued and outstanding 17,302,037 shares in 2018 and 17,226,508 shares in 2017 1,081 1,077
Paid-in capital 119,888 117,961
Retained earnings 355,524 317,756
Accumulated other comprehensive loss (28,309) (23,510)
Total shareholders’ equity 448,184 413,284
Total liabilities and shareholders’ equity $ 5,010,766 $ 4,529,850
[1] Includes net unamortized loan origination costs of $4.7 million and $3.8 million, respectively, at December 31, 2018 and 2017 and net unamortized premiums on purchased loans of $703 thousand and $878 thousand, respectively, at December 31, 2018 and 2017.