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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 81,216 $ 64,411
Interest bearing deposits with other banks 54,851 36,128
Total cash and cash equivalents 136,067 100,539
Securities available for sale (at fair value) 790,766 741,375
Securities held for investment (fair value $202,813 in 2015 and $208,787 in 2014) 203,525 207,904
Total Securities 994,291 949,279
Loans held for sale 23,998 12,078
Loans [1] 2,156,330 1,821,885
Less: Allowance for loan losses (19,128) (17,071)
Net loans 2,137,202 1,804,814
Bank premises and equipment, net 54,579 45,086
Other real estate owned 7,039 7,462
Goodwill 25,211 25,309
Other intangible assets, net 8,594 7,454
Bank owned life insurance 43,579 35,679
Net deferred tax assets 60,274 66,800
Other assets 43,946 38,835
TOTAL ASSETS 3,534,780 3,093,335
LIABILITIES    
Noninterest demand 854,447 725,238
Interest-bearing demand 734,749 652,353
Savings 295,851 264,738
Money market 665,353 450,172
Other time deposits 153,318 173,247
Brokered time certificates 9,403 7,034
Time certificates of $100,000 or more 131,266 143,752
Total deposits 2,844,387 2,416,534
Federal funds purchased and securities sold under agreements to repurchase, maturing within 30 days 172,005 233,640
Borrowed funds 50,000 50,000
Subordinated debt 69,961 64,583
Other liabilities 44,974 15,927
Total liabilities $ 3,181,327 $ 2,780,684
Commitments and Contingencies (Notes K and P)
SHAREHOLDERS' EQUITY    
Common stock, par value $0.10 per share authorized 60,000,000 shares, issued 34,356,892 and outstanding 34,351,409 shares in 2015 and authorized 60,000,000 shares, issued 33,143,202 and outstanding 33,136,592 shares in 2014 $ 3,435 $ 3,300
Additional paid-in capital 399,162 379,249
Accumulated deficit (42,858) (65,000)
Less: Treasury stock (5,484 shares in 2015 and 6,610 shares in 2014), at cost (73) (71)
Total shareholders' equity before accumulated other comprehensive income, net 359,666 317,478
Accumulated other comprehensive (loss), net (6,213) (4,827)
TOTAL SHAREHOLDERS' EQUITY 353,453 312,651
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,534,780 $ 3,093,335
[1] Net loan balances at December 31, 2015 and 2014 are net of deferred costs of $7,652,000 and $3,645,000, respectively.