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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Cash and due from banks $ 37,335 $ 42,216
Federal funds sold 17,859 32,025
Cash and cash equivalents 55,194 74,241
Mortgage loans held for sale 5,539 3,747
Securities available-for-sale (amortized cost of $498,633 and $509,276 in 2015 and 2014, respectively) 504,366 513,056
Federal Home Loan Bank stock and other securities 6,347 6,347
Loans 1,954,425 1,868,550
Less allowance for loan losses 21,614 24,920
Net loans 1,932,811 1,843,630
Premises and equipment, net 39,951 39,088
Bank owned life insurance 30,777 30,107
Accrued interest receivable 6,058 5,980
Other assets 43,564 47,672
Total assets 2,624,607 2,563,868
Deposits:    
Non-interest bearing 595,039 523,947
Interest bearing 1,546,539 1,599,680
Total deposits 2,141,578 2,123,627
Securities sold under agreements to repurchase 67,557 69,559
Federal funds purchased 62,101 47,390
Accrued interest payable 126 131
Other liabilities 28,598 26,434
Federal Home Loan Bank advances 43,699 36,832
Total liabilities $ 2,343,659 $ 2,303,973
Stockholders’ equity:    
Preferred stock, no par value. Authorized 1,000,000 shares; no shares issued or outstanding
Common stock, no par value. Authorized 20,000,000 shares; issued and outstanding 14,868,894 and 14,744,684 shares in 2015 and 2014, respectively $ 10,448 $ 10,035
Additional paid-in capital 42,217 38,191
Retained earnings 225,178 209,584
Accumulated other comprehensive income 3,105 2,085
Total stockholders’ equity 280,948 259,895
Total liabilities and stockholders’ equity $ 2,624,607 $ 2,563,868