XML 54 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets:    
Cash and due from banks $ 58,680 $ 64,632
Interest bearing deposits 206,003 75,718
Federal funds sold 0 1,100
Cash and cash equivalents 264,683 141,450
Certificates of deposit in other banks 245 3,920
Securities available-for-sale at fair value (amortized cost of $593,945 and $602,114, respectively) 599,844 593,746
Securities held-to-maturity at amortized cost (fair value of $517 and $649, respectively) 517 649
Equity securities at fair value 1,953 1,173
Loans held for sale 1,167 2,461
Loans 3,248,664 3,208,638
Allowance for loan and lease losses (35,096) (35,908)
Net loans 3,213,568 3,172,730
Premises and equipment, net 44,046 45,291
Right-of-use asset 14,550 0
Federal Home Loan Bank stock 10,474 14,713
Federal Reserve Bank stock 4,887 4,887
Goodwill 65,490 65,490
Bank owned life insurance 69,269 67,076
Mortgage servicing rights 3,263 3,607
Other real estate owned 19,480 27,273
Accrued interest receivable 14,836 14,432
Other assets 37,731 42,718
Total assets 4,366,003 4,201,616
Deposits:    
Noninterest bearing 865,760 803,316
Interest bearing 2,539,812 2,502,634
Total deposits 3,405,572 3,305,950
Repurchase agreements 226,917 232,712
Federal funds purchased 7,906 1,180
Advances from Federal Home Loan Bank 415 436
Long-term debt 57,841 59,341
Deferred taxes 5,110 3,363
Operating lease liability 13,729 0
Finance lease liability 1,456 0
Accrued interest payable 2,839 2,902
Other liabilities 29,332 31,582
Total liabilities 3,751,117 3,637,466
Commitments and contingencies (notes 18 and 20)
Shareholders' equity:    
Preferred stock, 300,000 shares authorized and unissued 0 0
Common stock, $5.00 par value, shares authorized 25,000,000; shares outstanding 2019 - 17,793,165; 2018 - 17,732,853 88,966 88,665
Capital surplus 224,907 223,161
Retained earnings 296,760 258,935
Accumulated other comprehensive income (loss), net of tax 4,253 (6,611)
Total shareholders' equity 614,886 564,150
Total liabilities and shareholders' equity $ 4,366,003 $ 4,201,616