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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets    
Loans $ 1,578,234 $ 1,466,079
Less: Allowance for loan losses (22,797) (22,900)
Net loans 1,555,437 1,443,179
Securities:    
Held to maturity, at cost (market value $35,254 and $28,365, respectively) 34,870 28,195
Available-for-sale, at market (amortized cost $340,409 and $332,506, respectively) 343,245 331,128
Total securities 378,115 359,323
Loans held for sale 14,538 10,135
Restricted equity securities 3,012 3,012
Federal funds sold 26,440 35,220
Total earning assets 1,977,542 1,850,869
Cash and due from banks 58,395 74,033
Bank premises and equipment, net 42,262 42,100
Accrued interest receivable 5,163 5,244
Deferred income tax asset 7,076 8,039
Other real estate 4,907 5,410
Bank owned life insurance 18,205 17,733
Other assets 16,562 13,371
Goodwill 4,805 4,805
Total assets 2,134,917 2,021,604
Liabilities and Stockholders’ Equity    
Deposits 1,883,758 1,789,850
Securities sold under repurchase agreements 1,002 2,035
Accrued interest and other liabilities 12,784 6,281
Total liabilities 1,897,544 1,798,166
Stockholders’ equity:    
Common stock, $2.00 par value; authorized 50,000,000 and 15,000,000 shares, issued and outstanding 10,259,213 and 10,202,859 shares, respectively 20,518 20,406
Additional paid-in capital 58,225 56,237
Retained earnings 156,880 147,646
Net unrealized gains (losses) on available-for-sale securities, net of income taxes of $1,086 and $527, respectively 1,750 (851)
Total stockholders’ equity 237,373 223,438
Total liabilities and stockholders’ equity $ 2,134,917 $ 2,021,604