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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 40,618 $ 35,895
Federal funds sold 9,616 67,938
Cash and cash equivalents 50,234 103,833
Mortgage loans held for sale 6,405 6,800
Securities available-for-sale (amortized cost of $557,735 in 2016 and $564,391 in 2015) 567,307 565,876
Federal Home Loan Bank stock and other securities 6,347 6,347
Loans 2,175,551 2,033,007
Less allowance for loan losses 23,141 22,441
Net loans 2,152,410 2,010,566
Premises and equipment, net 42,718 39,557
Bank owned life insurance 31,437 30,996
Accrued interest receivable 6,799 6,610
Other assets 45,862 46,216
Total assets 2,909,519 2,816,801
Liabilities and Stockholders’ Equity    
Non-interest bearing 637,812 583,768
Interest bearing 1,712,136 1,787,934
Total deposits 2,349,948 2,371,702
Securities sold under agreements to repurchase 57,437 64,526
Federal funds purchased and other short-term borrowing 114,154 22,477
Total advances 43,002 43,468
Accrued interest payable 132 127
Other liabilities 39,795 27,982
Total liabilities 2,604,468 2,530,282
Stockholders’ equity:    
Preferred stock, no par value. Authorized 1,000,000 shares; no shares issued or outstanding
Common stock, no par value. Authorized 40,000,000 shares; issued and outstanding 22,510,205 and 14,919,351 shares in 2016 and 2015, respectively 35,894 10,616
Additional paid-in capital 21,962 44,180
Retained earnings 241,745 231,091
Accumulated other comprehensive income 5,450 632
Total stockholders’ equity 305,051 286,519
Total liabilities and stockholders’ equity $ 2,909,519 $ 2,816,801