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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Deposits:    
Non-interest bearing $ 226,229 $ 222,116
Interest bearing 1,039,970 1,049,961
Total deposits 1,266,199 1,272,077
Cash and due from banks:    
Non-interest bearing 33,219 40,716
Interest bearing 12,623 10,520
Federal funds sold 492 494
Cash and cash equivalents 46,334 51,730
Investment securities:    
Available-for-sale, at fair value 421,923 377,856
Held-to-maturity, at amortized cost (estimated fair value of $44,505 and $53,937 at June 30, 2015 and December 31, 2014, respectively) 43,973 53,650
Loans held for sale 2,576 1,958
Loans 1,056,527 1,060,448
Less allowance for loan losses (13,931) (13,682)
Net loans 1,042,596 1,046,766
Interest receivable 6,044 6,828
Other real estate owned 278 263
Premises and equipment, net 27,208 27,352
Goodwill, net 25,753 25,753
Intangible assets, net 1,533 1,844
Other assets 15,902 13,103
Total assets 1,634,120 1,607,103
Liabilities and Stockholders' Equity    
Securities sold under agreements to repurchase 117,468 121,869
Interest payable 302 285
FHLB borrowings 25,000 20,000
Junior subordinated debentures 20,620 20,620
Dividends Payable 550 530
Other liabilities 6,086 6,806
Total liabilities 1,436,225 1,442,187
Stockholders' Equity    
Convertible preferred stock, no par value; authorized 1,000,000 shares; issued 5,500 shares in 2015 and 2014 27,400 27,400
Common stock, $4 par value; authorized 18,000,000 shares; issued 8,422,018 shares in 2015 and 7,529,815 shares in 2014 37,868 32,119
Additional paid-in capital 78,979 55,607
Retained earnings 67,021 61,956
Deferred compensation 2,997 3,329
Accumulated other comprehensive loss (894) (875)
Less treasury stock at cost, 545,041 in 2015 and 496,497 shares in 2014 (15,476) (14,620)
Total stockholders’ equity 197,895 164,916
Total liabilities and stockholders’ equity $ 1,634,120 $ 1,607,103