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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Loans $ 1,550,909 $ 1,466,079
Less: Allowance for loan losses (22,899) (22,900)
Net loans 1,528,010 1,443,179
Securities:    
Held to maturity, at cost (market value $30,232 and $28,365, respectively) 29,962 28,195
Available-for-sale, at market (amortized cost $306,971 and $332,506, respectively) 308,359 331,128
Total securities 338,321 359,323
Loans held for sale 6,236 10,135
Restricted equity securities 3,012 3,012
Federal funds sold 35,640 35,220
Total earning assets 1,911,219 1,850,869
Cash and due from banks 64,905 74,033
Bank premises and equipment, net 42,014 42,100
Accrued interest receivable 5,265 5,244
Deferred income tax asset 7,580 8,039
Other real estate 5,565 5,410
Bank owned life insurance 18,072 17,733
Other assets 13,144 13,371
Goodwill 4,805 4,805
Total assets 2,072,569 2,021,604
Liabilities and Stockholders’ Equity    
Deposits 1,828,042 1,789,850
Securities sold under repurchase agreements 777 2,035
Accrued interest and other liabilities 13,613 6,281
Total liabilities 1,842,432 1,798,166
Stockholders’ equity:    
Common stock, $2.00 par value; authorized 15,000,000 shares, issued and outstanding 10,256,718 and 10,202,859 shares, respectively 20,513 20,406
Additional paid-in capital 58,156 56,237
Retained earnings 150,611 147,646
Net unrealized gains (losses) on available-for-sale securities, net of income taxes of $531 and $527, respectively 857 (851)
Total stockholders’ equity 230,137 223,438
Total liabilities and stockholders’ equity $ 2,072,569 $ 2,021,604