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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 59,255 $ 53,000
Interest-bearing deposits at other financial institutions 266,944 329,103
Total cash and cash equivalents 326,199 382,103
Time deposits in other banks 600 600
Securities 223,208 205,978
Other investments 12,226 12,063
Loans held for sale 1,460 613
Loans, net of allowance for loan loss of $24,778 and $25,006 at December 31, 2017 and 2016, respectively 2,286,766 2,129,879
Premises and equipment, net 53,607 57,514
Goodwill 80,950 80,950
Other intangible assets, net of accumulated amortization of $13,930 and $12,851 at December 31, 2017 and 2016, respectively 6,770 7,791
Bank-owned life insurance 68,010 51,430
Deferred tax asset, net 5,780 9,031
Repossessed real estate and other assets 705 1,861
Other assets 14,802 11,709
Total assets 3,081,083 2,951,522
Liabilities    
Noninterest-bearing deposits 1,109,789 1,025,425
Interest-bearing deposits 1,493,183 1,515,335
Total Deposits 2,602,972 2,540,760
Repurchase agreements 1,525 2,343
Junior subordinated debt 6,726 6,726
Note payable   27,679
Other liabilities 23,646 16,377
Total liabilities 2,634,869 2,593,885
Commitments and contingencies (Note 14)
Shareholders’ equity    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued
Common stock, $0.01 par value; 90,000,000 shares authorized, 25,731,504 shares issued at December 31, 2017 and 22,971,504 issued at December 31, 2016, 24,833,232 shares outstanding at December 31, 2017 and 22,062,072 shares outstanding at December 31, 2016 257 230
Additional paid-in capital 343,249 278,501
Retained earnings 118,353 95,274
Treasury stock, at cost (898,272 shares held at December 31, 2017 and 909,432 held at December 31, 2016) (15,256) (15,446)
Accumulated other comprehensive loss, net of tax of $104 and $495 at December 31, 2017 and 2016, respectively. (389) (922)
Total shareholders’ equity 446,214 357,637
Total liabilities and shareholders’ equity $ 3,081,083 $ 2,951,522