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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Deposits:    
Non-interest bearing $ 331,206 $ 222,116
Interest bearing 1,400,654 1,049,961
Total deposits 1,731,860 1,272,077
Cash and due from banks:    
Non-interest bearing 41,077 40,716
Interest bearing 173,894 10,520
Federal funds sold 492 494
Cash and cash equivalents 215,463 51,730
Certificates of deposit investments 12,930 0
Investment securities:    
Available-for-sale, at fair value 490,556 377,856
Held-to-maturity, at amortized cost (estimated fair value of $50,030 and $53,937 at September 30, 2015 and December 31, 2014, respectively) 49,105 53,650
Loans held for sale 1,346 1,958
Loans 1,235,403 1,060,448
Less allowance for loan losses (14,228) (13,682)
Net loans 1,221,175 1,046,766
Interest receivable 7,620 6,828
Other real estate owned 320 263
Premises and equipment, net 31,582 27,352
Goodwill, net 39,768 25,753
Intangible assets, net 7,594 1,844
Other assets 14,569 13,103
Total assets 2,092,028 1,607,103
Liabilities and Stockholders' Equity    
Securities sold under agreements to repurchase 108,499 121,869
Interest payable 381 285
FHLB borrowings 20,000 20,000
Junior subordinated debentures 20,620 20,620
Dividends Payable 1,100 530
Other liabilities 5,759 6,806
Total liabilities 1,888,219 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 8,421,472 shares in 2015 and 7,529,815 shares in 2014 37,880 32,119
Additional paid-in capital 79,033 55,607
Retained earnings 70,135 61,956
Deferred compensation 3,086 3,329
Accumulated other comprehensive income (loss) 1,861 (875)
Less treasury stock at cost, 548,642 shares in 2015 and 496,497 shares in 2014 (15,586) (14,620)
Total stockholders’ equity 203,809 164,916
Total liabilities and stockholders’ equity $ 2,092,028 $ 1,607,103