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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 41,982 $ 39,709
Federal funds sold and interest bearing due from banks 97,266 8,264
Cash and cash equivalents 139,248 47,973
Mortgage loans held for sale 2,964 3,213
Securities available-for-sale (amortized cost of $577,406 in 2017 and $571,936 in 2016) 574,524 570,074
Federal Home Loan Bank stock and other securities 7,646 6,347
Loans 2,409,570 2,305,375
Less allowance for loan losses 24,885 24,007
Net loans 2,384,685 2,281,368
Premises and equipment, net 41,655 42,384
Bank owned life insurance 32,049 31,867
Accrued interest receivable 8,369 6,878
Other assets 48,506 49,377
Total assets 3,239,646 3,039,481
Liabilities    
Non-interest bearing 674,697 680,156
Interest bearing 1,903,598 1,840,392
Total deposits 2,578,295 2,520,548
Securities sold under agreements to repurchase 70,473 67,595
Federal funds purchased 161,352 47,374
Accrued interest payable 232 144
Other liabilities 46,192 38,873
Federal Home Loan Bank advances 49,458 51,075
Total liabilities 2,906,002 2,725,609
Stockholders’ equity    
Preferred stock, no par value; 1,000,000 shares authorized; no shares issued or outstanding
Common stock, no par value; 40,000,000 shares authorized; 22,679,362 and 22,617,098 shares issued and outstanding in 2017 and 2016, respectively 36,457 36,250
Additional paid-in capital 31,924 26,682
Retained earnings 267,193 252,439
Accumulated other comprehensive (loss) (1,930) (1,499)
Total stockholders’ equity 333,644 313,872
Total liabilities and stockholders’ equity $ 3,239,646 $ 3,039,481