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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 37,261 $ 35,208
Interest-bearing deposit with the Federal Reserve Bank 19,649 63,546
Total cash and cash equivalents 56,910 98,754
Securities available for sale, at fair value 663,230 725,837
Federal Home Loan Bank stock 20,679 35,659
Total securities 683,909 761,496
Loans:    
Total loans 2,641,092 2,490,227
Less: Allowance for loan losses (15,353) (13,866)
Net loans 2,625,739 2,476,361
Premises and equipment, net 51,205 48,804
Other real estate owned 2,236 2,351
Goodwill 118,649 100,085
Other intangible assets, net 8,641 7,459
Cash surrender value of bank-owned life insurance 75,863 73,810
Deferred tax assets, net 3,865 9,514
Other assets 42,111 29,853
Total assets 3,669,128 3,608,487
Deposits:    
Demand 414,534 370,889
NOW 575,809 484,717
Savings 388,683 358,888
Money market 384,090 335,951
Time 932,635 932,793
Total deposits 2,695,751 2,483,238
Borrowings:    
Senior 471,396 680,823
Subordinated 59,920 42,973
Total borrowings 531,316 723,796
Other liabilities 45,654 30,874
Total liabilities 3,272,721 3,237,908
Shareholders’ equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,428,388 and 16,428,388 shares at December 31, 2019 and December 31, 2018, respectively 32,857 32,857
Additional paid-in capital 188,536 187,653
Retained earnings 175,780 166,526
Accumulated other comprehensive loss 3,911 (11,802)
Less: 870,257 and 905,201 shares of treasury stock at December 31, 2019 and December 31, 2018, respectively, at cost (4,677) (4,655)
Total shareholders’ equity 396,407 370,579
Total liabilities and shareholders’ equity 3,669,128 3,608,487
Commercial real estate    
Loans:    
Loans 930,661 826,699
Commercial and industrial    
Loans:    
Loans 423,291 404,870
Residential real estate    
Loans:    
Loans 1,151,857 1,144,698
Consumer    
Loans:    
Loans $ 135,283 $ 113,960