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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 29,363 $ 36,073
Interest bearing deposits with banks 29,991 25,869
Cash and cash equivalents 59,354 61,942
Investment securities available for sale, at fair value 502,021 464,430
Investment securities held to maturity, at amortized cost (fair value of $483,994 and $463,799, respectively) 503,742 472,213
Restricted stock, at cost 8,379 1,918
Mortgage loans held for sale, at fair value 36,090 43,375
Other loans held for sale 3,211 2,325
Loans receivable (net of allowance for loan losses of $7,566 and $8,599, respectively) 1,310,012 1,153,679
Premises and equipment, net 80,069 74,947
Other real estate owned, net 6,559 6,966
Accrued interest receivable 8,019 7,009
Goodwill 5,011 5,011
Other assets 30,453 28,532
Total Assets 2,552,920 2,322,347
Deposits    
Demand - non-interest bearing 526,650 438,500
Demand - interest bearing 785,513 807,736
Money market and savings 698,182 700,322
Time deposits 123,796 116,737
Total Deposits 2,134,141 2,063,295
Short-term borrowings 161,669
Accrued interest payable 408 293
Other liabilities 10,112 10,618
Subordinated debt 11,256 21,681
Total Liabilities 2,317,586 2,095,887
Shareholders’ Equity    
Preferred stock, par value $0.01 per share: 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, par value $0.01 per share: 100,000,000 shares authorized; shares issued 59,288,698 as of June 30, 2018 and 57,518,609 as of December 31, 2017; shares outstanding 58,759,853 as of June 30, 2018 and 56,989,764 as of December 31, 2017 593 575
Additional paid in capital 267,974 256,285
Accumulated deficit (13,195) (18,983)
Treasury stock at cost (503,408 shares as of June 30, 2018 and December 31, 2017) (3,725) (3,725)
Stock held by deferred compensation plan (25,437 shares as of June 30, 2018 and December 31, 2017) (183) (183)
Accumulated other comprehensive loss (16,130) (7,509)
Total Shareholders’ Equity 235,334 226,460
Total Liabilities and Shareholders’ Equity $ 2,552,920 $ 2,322,347