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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Cash and due from banks $ 41,464 $ 44,199
Interest-bearing deposits in banks 1,764 2,731
Federal funds sold 0 167
Cash and cash equivalents 43,228 47,097
Investment securities:    
Available for sale 477,518 427,241
Held to maturity (fair value of $164,792 as of December 31, 2016 and $118,234 as of December 31, 2015) 168,392 118,423
Loans held for sale 4,241 3,187
Loans 2,165,143 2,151,942
Allowance for loan losses (21,850) (19,427)
Net loans 2,143,293 2,132,515
Premises and equipment, net 75,043 76,202
Accrued interest receivable 13,871 13,736
Goodwill 64,654 64,548
Other intangible assets, net 15,171 19,141
Bank-owned life insurance 47,231 46,295
Other real estate owned 2,097 8,834
Deferred income taxes 6,523 947
Other assets 18,313 21,809
Total assets 3,079,575 2,979,975
Deposits:    
Non-interest-bearing demand 494,586 559,586
Interest-bearing checking 1,136,282 1,064,350
Savings 197,698 189,489
Certificates of deposit under $100,000 326,832 348,268
Certificates of deposit $100,000 and over 325,050 301,828
Total deposits 2,480,448 2,463,521
Federal funds purchased 35,684 1,500
Securities sold under agreements to repurchase 82,187 67,463
Federal Home Loan Bank borrowings 115,000 87,000
Junior subordinated notes issued to capital trusts 23,692 23,587
Long-term debt 17,500 22,500
Deferred compensation liability 5,180 5,132
Accrued interest payable 1,472 1,507
Other liabilities 12,956 11,587
Total liabilities 2,774,119 2,683,797
Commitments and contingencies (Note 18)
Shareholders' Equity:    
Preferred stock, no par value; authorized 500,000 shares; no shares issued and outstanding at December 31, 2016 and December 31, 2015 0 0
Common stock, $1.00 par value; authorized 15,000,000 shares at December 31, 2016 and December 31, 2015; issued 11,713,481 shares at December 31, 2016 and at December 31, 2015; outstanding 11,436,360 shares at December 31, 2016 and 11,408,773 shares at December 31, 2015 11,713 11,713
Additional paid-in capital 163,667 163,487
Treasury stock at cost, 277,121 shares as of December 31, 2016 and 304,708 shares at December 31, 2015 (5,766) (6,331)
Retained earnings 136,975 123,901
Accumulated other comprehensive income (1,133) 3,408
Total shareholders’ equity 305,456 296,178
Total liabilities and shareholders’ equity $ 3,079,575 $ 2,979,975