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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 44,471 $ 40,482
Federal funds sold 20,275 26,175
Interest-bearing deposits 6,764 24,771
Total cash and cash equivalents 71,510 91,428
Securities available for sale 232,975 232,372
Securities held to maturity 163,164 174,684
Loans held for sale 1,795 1,896
Loans, net 1,645,444 1,347,779
Accrued interest receivable 9,292 8,174
Premises and equipment, net 52,227 43,818
Other real estate owned 751 2,244
Cash surrender value of life insurance 26,301 19,117
Deferred tax asset 3,209 2,543
Core deposit intangible, net 4,706 2,724
Goodwill 32,160 18,742
Other assets 23,436 17,103
Total assets 2,266,970 1,962,624
Deposits    
Noninterest-bearing 489,789 410,009
Interest-bearing 1,381,691 1,266,311
Total deposits 1,871,480 1,676,320
Securities sold under agreements to repurchase 12,228 12,879
Accrued interest and other liabilities 10,733 7,117
Federal Home Loan Bank advances 115,136 45,153
Subordinated debentures 12,810 13,810
Total liabilities 2,022,387 1,755,279
Shareholders’ equity    
Preferred stock, $5.00 par value, 15,000,000 shares authorized, no shares issued 0 0
Common stock, $1.00 par value, 50,000,000 shares authorized, 12,835,486 and 11,921,298 shares issued, and 11,829,868 and 11,058,956 shares outstanding, respectively 12,835 11,921
Additional paid-in capital 185,174 155,601
Retained earnings 80,088 66,037
Treasury stock, 1,005,618 and 862,342 shares at cost (24,352) (20,087)
Accumulated other comprehensive loss (9,162) (6,127)
Total shareholders’ equity 244,583 207,345
Total liabilities and shareholders' equity $ 2,266,970 $ 1,962,624