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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 54,255,000 $ 54,288,000
Interest earning deposits 144,833,000 26,687,000
Total cash and cash equivalents 199,088,000 80,975,000
Securities available for sale, at estimated fair value 1,622,128,000 1,460,492,000
Securities held to maturity, at carrying value (estimated fair value of $814,112 and $799,763, respectively) 775,682,000 784,296,000
FHLB stock, at cost 51,901,000 51,047,000
Other investments 5,442,000 5,462,000
Loans held for sale 5,301,000 3,811,000
Loans:    
Loans [1] 2,483,641,000 2,431,753,000
Less: Allowance for loan losses [2] (15,993,000) (19,736,000)
Net Loans 2,467,648,000 2,412,017,000
Premises and equipment, net 106,777,000 107,929,000
Goodwill 91,520,000 91,520,000
Other intangible assets, net 5,060,000 6,548,000
Interest receivable 17,458,000 22,700,000
Deferred tax asset, net 9,236,000 19,903,000
Unsettled trades to sell securities 0 9,343,000
Bank owned life insurance 97,002,000 95,080,000
Other assets 10,660,000 10,873,000
TOTAL ASSETS 5,464,903,000 5,161,996,000
Deposits:    
Noninterest bearing 747,270,000 672,470,000
Interest bearing 2,834,117,000 2,782,937,000
Total deposits 3,581,387,000 3,455,407,000
Short-term obligations:    
Federal funds purchased and repurchase agreements 11,516,000 2,429,000
FHLB advances 709,118,000 645,407,000
Total short-term obligations 720,634,000 647,836,000
Long-term obligations:    
FHLB advances 463,316,000 502,281,000
Subordinated notes, net of unamortized debt issuance costs 98,089,000 0
Long-term debt, net of unamortized debt issuance costs 60,235,000 60,231,000
Total long-term obligations 621,640,000 562,512,000
Unsettled trades to purchase securities 30,214,000 19,350,000
Other liabilities 38,468,000 32,829,000
TOTAL LIABILITIES 4,992,343,000 4,717,934,000
Off-Balance-Sheet Arrangements, Commitments and Contingencies (Note 13)
Shareholders’ equity:    
Common stock ($1.25 par value, 40,000,000 shares authorized, 29,191,241 shares issued at September 30, 2016 and 27,865,798 shares issued at December 31, 2015) 36,489,000 34,832,000
Paid-in capital 459,808,000 424,078,000
Retained earnings 26,420,000 41,527,000
Treasury stock, at cost (2,913,064 at September 30, 2016 and 2,469,638 at December 31, 2015) (47,891,000) (37,692,000)
Accumulated other comprehensive income (loss) (2,266,000) (18,683,000)
TOTAL SHAREHOLDERS’ EQUITY 472,560,000 444,062,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 5,464,903,000 $ 5,161,996,000
[1] Includes approximately $420.4 million and $581.1 million of loans acquired with the Omni acquisition as of September 30, 2016 and December 31, 2015, respectively.
[2] The allowance for loan loss recorded on PCI loans totaled $3,000 and $629,000 as of September 30, 2016 andDecember 31, 2015, respectively.