XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 54,279 $ 59,255
Interest-bearing deposits at other financial institutions 190,986 266,944
Total cash and cash equivalents 245,265 326,199
Time deposits in other banks 200 600
Debt securities 230,393 223,208
Equity investments 15,038 12,226
Loans held for sale 560 1,460
Loans, net of allowance for loan loss of $25,746 and $24,778 at June 30, 2018 and December 31, 2017, respectively 2,378,386 2,286,766
Premises and equipment, net 52,607 53,607
Goodwill 80,950 80,950
Other intangible assets, net of accumulated amortization of $14,434 and $13,930 at June 30, 2018 and December 31, 2017, respectively 6,276 6,770
Bank-owned life insurance 70,627 68,010
Deferred tax asset, net 6,922 5,780
Repossessed real estate and other assets 137 705
Other assets 13,399 14,802
Total assets 3,100,760 3,081,083
Liabilities    
Noninterest-bearing deposits 1,114,155 1,109,789
Interest-bearing deposits 1,447,119 1,493,183
Total deposits 2,561,274 2,602,972
Repurchase agreements 1,448 1,525
Federal Home Loan Bank advances 50,000  
Junior subordinated debt 6,726 6,726
Other liabilities 20,117 23,646
Total liabilities 2,639,565 2,634,869
Commitments and contingencies (Note 13)
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 June 30, 2018 and December 31, 2017, 24,858,632 and 24,833,232 shares outstanding at June 30, 2018 and December 31, 2017, respectively 257 257
Additional paid-in capital 343,807 343,249
Retained earnings 136,000 118,353
Treasury stock, at cost (872,872 and 898,272 shares held at June 30, 2018 and December 31, 2017, respectively) (14,825) (15,256)
Accumulated other comprehensive loss, net of tax of $1,075 and $104 at June 30, 2018 and December 31, 2017, respectively (4,044) (389)
Total shareholders' equity 461,195 446,214
Total liabilities and shareholders' equity $ 3,100,760 $ 3,081,083