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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Assets    
Cash and due from banks, including required reserves of $8,782 and $10,019, respectively $ 38,386 $ 45,142
Interest-bearing deposits in banks 82,538 39,031
Federal funds sold 4,513 2,699
Securities available-for-sale, at fair value (cost of $281,885 at September 30, 2015 and $272,588 at December 31, 2014) 285,485 276,984
Securities held-to-maturity (fair value of $122,488 at September 30, 2015 and $141,593 at December 31, 2014) 121,043 141,201
Other investments 12,063 9,990
Loans 1,301,452 1,284,431
Allowance for loan losses (18,939) (11,226)
Loans, net 1,282,513 1,273,205
Bank premises and equipment, net 68,718 69,958
Accrued interest receivable 6,655 6,635
Goodwill 42,171 42,171
Intangibles 6,004 6,834
Cash surrender value of life insurance 13,548 13,659
Other real estate 4,661 4,234
Other assets 6,010 4,997
Total assets 1,974,308 1,936,740
Deposits:    
Non-interest-bearing 406,118 390,863
Interest-bearing 1,137,303 1,194,371
Total deposits 1,543,421 1,585,234
Securities sold under agreements to repurchase 92,085 62,098
Short-term Federal Home Loan Bank advances 70,000 25,000
Long-term Federal Home Loan Bank advances 25,958 26,277
Junior subordinated debentures 22,167 22,167
Other liabilities 6,713 6,952
Total liabilities $ 1,760,344 $ 1,727,728
Commitments and contingencies
Shareholders’ equity:    
Common stock, $0.10 par value; 30,000,000 shares authorized, 11,361,839 and 11,340,736 shares issued and outstanding, respectively $ 1,136 $ 1,149
Additional paid-in capital 110,482 112,744
Unearned ESOP shares (1,155) (250)
Accumulated other comprehensive income 2,340 2,857
Treasury stock – 0 and 150,967 shares at September 30, 2015 and December 31, 2014, respectively 0 (3,295)
Retained earnings 60,035 54,439
Total shareholders’ equity 213,964 209,012
Total liabilities and shareholders’ equity 1,974,308 1,936,740
Series B Preferred Stock    
Shareholders’ equity:    
Preferred stock 32,000 32,000
Series C Preferred stock    
Shareholders’ equity:    
Preferred stock $ 9,126 $ 9,368