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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Cash and due from banks $ 28,059 $ 25,878
Interest-earning deposits in other banks 26,658 85,956
Federal funds sold 331 218
Total cash and cash equivalents 55,048 112,052
Available-for-sale investment securities (Amortized cost of $439,576 at September 30, 2014 and $447,108 at December 31, 2013) 447,016 443,224
Held-to-maturity investment securities (Fair value of $34,523 at September 30, 2014) 31,837 0
Loans, less allowance for credit losses of $7,489 at September 30, 2014 and $9,208 at December 31, 2013 547,247 503,149
Bank premises and equipment, net 10,443 10,541
Other real estate owned 0 190
Bank owned life insurance 20,802 19,443
Federal Home Loan Bank stock 4,791 4,499
Goodwill 29,917 29,917
Core deposit intangibles 1,428 1,680
Accrued interest receivable and other assets 15,590 20,940
Total assets 1,164,119 1,145,635
Deposits:    
Non-interest bearing 345,003 356,392
Interest bearing 663,860 647,751
Total deposits 1,008,863 1,004,143
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 17,088 16,294
Total liabilities 1,031,106 1,025,592
Commitments and contingencies (Note 9)      
Shareholders’ equity:    
Preferred stock, no par value, $1,000 per share liquidation preference; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 10,979,370 at September 30, 2014 and 10,914,680 at December 31, 2013 54,125 53,981
Retained earnings 74,367 68,348
Accumulated other comprehensive income (loss), net of tax 4,521 (2,286)
Total shareholders’ equity 133,013 120,043
Total liabilities and shareholders’ equity $ 1,164,119 $ 1,145,635