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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets:    
Cash and due from banks $ 44,818 $ 41,464
Interest-bearing deposits in banks 5,474 1,764
Federal funds sold 680  
Cash and cash equivalents 50,972 43,228
Investment securities:    
Available for sale 447,660 477,518
Held to maturity (fair value of $194,343 as of December 31, 2017 and $164,792 as of December 31, 2016) 195,619 168,392
Loans held for sale 856 4,241
Loans 2,286,695 2,165,143
Allowance for loan losses (28,059) (21,850)
Net loans 2,258,636 2,143,293
Premises and equipment, net 75,969 75,043
Accrued interest receivable 14,732 13,871
Goodwill 64,654 64,654
Other intangible assets, net 12,046 15,171
Bank-owned life insurance 59,831 47,231
Other real estate owned 2,010 2,097
Deferred income taxes 6,525 6,523
Other assets 22,761 18,313
Total assets 3,212,271 3,079,575
Deposits:    
Non-interest-bearing demand 461,969 494,586
Interest-bearing checking 1,228,112 1,136,282
Savings 213,430 197,698
Certificates of deposit under $100,000 324,681 326,832
Certificates of deposit $100,000 and over 377,127 325,050
Total deposits 2,605,319 2,480,448
Federal funds purchased 1,000 35,684
Securities sold under agreements to repurchase 96,229 82,187
Federal Home Loan Bank borrowings 115,000 115,000
Junior subordinated notes issued to capital trusts 23,793 23,692
Long-term debt 12,500 17,500
Deferred compensation liability 5,199 5,180
Accrued interest payable 1,428 1,472
Other liabilities 11,499 12,956
Total liabilities 2,871,967 2,774,119
Commitments and contingencies (Note 18)
Shareholders' Equity:    
Preferred stock, no par value; authorized 500,000 shares; no shares issued and outstanding at December 31, 2017 and December 31, 2016 0 0
Common stock, $1.00 par value; authorized 30,000,000 shares at December 31, 2017 and 15,000,000 shares at December 31, 2016; issued 12,463,481 shares at December 31, 2017 and 11,713,481 shares at December 31, 2016; outstanding 12,219,611 shares at December 31, 2017 and 11,436,360 shares at December 31, 2016 12,463 11,713
Additional paid-in capital 187,486 163,667
Treasury stock at cost, 243,870 shares as of December 31, 2017 and 277,121 shares as of December 31, 2016 (5,121) (5,766)
Retained earnings 148,078 136,975
Accumulated other comprehensive income (2,602) (1,133)
Total shareholders’ equity 340,304 305,456
Total liabilities and shareholders’ equity $ 3,212,271 $ 3,079,575