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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 55,213 $ 54,450
Interest-bearing deposits at other financial institutions 211,563 327,620
Total cash and cash equivalents 266,776 382,070
Securities 232,601 229,964
Equity investments 18,922 13,026
Loans held for sale 1,408  
Loans, net of allowance for loan loss of $25,342 and $23,693 at June 30, 2019 and December 31, 2018, respectively 2,616,947 2,423,130
Premises and equipment, net of accumulated depreciation of $31,388 and $29,867 at June 30, 2019 and December 31, 2018, respectively 51,346 51,622
Goodwill 80,950 80,950
Other intangible assets, net of accumulated amortization of $15,372 and $14,915 at June 30, 2019 and December 31, 2018, respectively 5,318 5,775
Bank-owned life insurance 71,021 71,525
Operating lease right-to-use asset 12,355  
Deferred tax asset, net 6,430 7,201
Other assets 15,432 13,833
Total assets 3,379,506 3,279,096
Liabilities    
Noninterest-bearing deposits 1,201,287 1,183,058
Interest-bearing deposits 1,537,620 1,583,224
Total deposits 2,738,907 2,766,282
Repurchase agreements 805 2,498
Federal Home Loan Bank advances 90,000  
Junior subordinated debt   1,571
Operating lease liabilities 14,806  
Other liabilities 21,830 21,120
Total liabilities 2,866,348 2,791,471
Commitments and contingencies (Note 17)
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, 25,780,135 and 25,777,693 shares issued at June 30, 2019 and December 31, 2018, 24,922,669 and 24,907,421 shares outstanding at June 30, 2019 and December 31, 2018, respectively 258 258
Additional paid-in capital 345,495 344,497
Retained earnings 180,401 160,626
Treasury stock, at cost, 857,466 and 870,272 shares held at June 30, 2019 and December 31, 2018, respectively (14,564) (14,781)
Accumulated other comprehensive gain (loss), net of tax of $417 and ($791) at June 30, 2019 and December 31, 2018, respectively 1,568 (2,975)
Total shareholders’ equity 513,158 487,625
Total liabilities and shareholders’ equity $ 3,379,506 $ 3,279,096