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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 31,511 $ 35,685
Interest bearing deposits with banks 54,394 36,788
Cash and cash equivalents 85,905 72,473
Investment securities available for sale, at fair value 287,694 321,014
Investment securities held to maturity, at amortized cost (fair value of $736,735 and $747,323, respectively) 742,435 761,563
Restricted stock, at cost 2,097 5,754
Mortgage loans held for sale, at fair value 13,726 20,887
Other loans held for sale 2,016 5,404
Loans receivable (net of allowance for loan losses of $7,900 and $8,615, respectively) 1,469,186 1,427,983
Premises and equipment, net 94,390 87,661
Other real estate owned, net 6,088 6,223
Accrued interest receivable 9,166 9,025
Operating leases – right-of-use asset 54,692
Goodwill 5,011 5,011
Other assets 32,654 30,299
Total Assets 2,805,060 2,753,297
LIABILITIES AND SHAREHOLDERS' EQUITY    
Demand - non-interest bearing 525,645 519,056
Demand - interest bearing 1,101,129 1,042,561
Money market and savings 691,351 676,993
Time deposits 160,828 154,257
Total Deposits 2,478,953 2,392,867
Short-term borrowings 91,422
Accrued interest payable 828 558
Other liabilities 7,984 12,002
Operating lease liability obligation 57,650
Subordinated debt 11,260 11,259
Total Liabilities 2,556,675 2,508,108
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 59,365,423 as of March 31, 2019 and 59,318,073 as of December 31, 2018; shares outstanding 58,836,778 as of March 31, 2019 and 58,789,228 as of December 31, 2018 593 593
Additional paid in capital 270,155 269,147
Accumulated deficit (8,290) (8,716)
Treasury stock at cost (503,408 shares as of March 31, 2019 and December 31, 2018) (3,725) (3,725)
Stock held by deferred compensation plan (25,437 shares as of March 31, 2019 and December 31, 2018) (183) (183)
Accumulated other comprehensive loss (10,165) (11,927)
Total Shareholders’ Equity 248,385 245,189
Total Liabilities and Shareholders’ Equity $ 2,805,060 $ 2,753,297