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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Cash and due from banks:    
Non-interest bearing $ 80,798 $ 76,498
Interest bearing 100,302 7,656
Federal funds sold 927 926
Cash and cash equivalents 182,027 85,080
Certificates of deposit 4,380 4,625
Investment securities:    
Available-for-sale, at fair value 617,801 686,048
Held-to-maturity, at amortized cost (estimated fair value of $24,806 and $69,572 at March 31, 2020 and December 31, 2019, respectively) 24,563 69,542
Loans held for sale 1,251 1,820
Loans 2,743,047 2,693,527
Less allowance for credit losses (32,876) (26,911)
Net loans 2,710,171 2,666,616
Interest receivable 15,422 15,577
Other real estate owned 2,784 3,644
Premises and equipment, net 59,359 59,491
Goodwill, net 104,992 104,992
Intangible assets, net 27,207 28,265
Bank Owned Life Insurance 67,656 67,225
Operating lease right-of-use assets 16,542 17,006
Other assets 30,676 29,495
Total assets 3,864,831 3,839,426
Deposits:    
Non-interest bearing 642,384 633,331
Interest bearing 2,266,243 2,284,035
Total deposits 2,908,627 2,917,366
Liabilities and Stockholders' Equity    
Securities sold under agreements to repurchase 231,649 208,109
Interest payable 2,029 2,261
Advances from Federal Home Loan Banks 119,921 113,895
Other borrowings 5,000 5,000
Junior subordinated debentures 18,900 18,858
Operating lease liabilities 16,568 17,007
Other liabilities 29,086 30,321
Total liabilities 3,331,780 3,312,817
Stockholders' Equity    
Common stock, $4 par value; authorized 30,000,000 shares; issued 17,316,886 and 17,287,882 shares in 2020 and 2019, respectively 71,268 71,152
Additional paid-in capital 296,853 295,925
Retained earnings 175,949 166,667
Deferred compensation 2,022 2,760
Accumulated other comprehensive income 5,209 8,360
Less treasury stock at cost, 614,403 shares in 2020 and 2019 (18,250) (18,255)
Total stockholders’ equity 533,051 526,609
Total liabilities and stockholders’ equity $ 3,864,831 $ 3,839,426