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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 46,465 $ 61,573
Interest-earning deposits with other banks 19,676 47,847
Cash and cash equivalents 66,141 109,420
Investment securities held-to-maturity (fair value $148,960 and $141,575 at March 31, 2019 and December 31, 2018, respectively) 148,470 142,634
Investment securities available-for-sale 315,648 328,507
Investments in equity securities 2,765 2,165
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 32,699 28,337
Loans held for sale 921 1,754
Loans and leases held for investment 4,067,879 4,006,574
Less: Reserve for loan and lease losses (31,602) (29,364)
Net loans and leases held for investment 4,036,277 3,977,210
Premises and equipment, net 59,091 59,559
Operating lease right-of-use assets 36,099 0
Goodwill 172,559 172,559
Other intangibles, net of accumulated amortization 11,530 11,990
Bank owned life insurance 112,551 111,599
Accrued interest receivable and other assets 40,776 38,613
Total assets 5,035,527 4,984,347
LIABILITIES    
Noninterest-bearing deposits 1,103,674 1,055,919
Interest-bearing deposits:    
Demand deposits 1,441,540 1,377,171
Savings deposits 819,255 782,766
Time deposits 638,684 670,077
Total deposits 4,003,153 3,885,933
Short-term borrowings 73,185 189,768
Long-term debt 145,263 145,330
Subordinated notes 94,635 94,574
Operating lease liabilities 39,102 0
Accrued interest payable and other liabilities 42,583 44,609
Total liabilities 4,397,921 4,360,214
SHAREHOLDERS’ EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at March 31, 2019 and December 31, 2018; 31,556,799 shares issued at March 31, 2019 and December 31, 2018; 29,272,502 and 29,270,852 shares outstanding at March 31, 2019 and December 31, 2018, respectively 157,784 157,784
Additional paid-in capital 293,255 292,401
Retained earnings 256,746 248,167
Accumulated other comprehensive loss, net of tax benefit (24,238) (28,416)
Treasury stock, at cost; 2,284,297 and 2,285,947 shares at March 31, 2019 and December 31, 2018, respectively (45,941) (45,803)
Total shareholders’ equity 637,606 624,133
Total liabilities and shareholders’ equity $ 5,035,527 $ 4,984,347