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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 4,792 $ 4,415
Federal funds sold 101 101
Interest-earning deposits 118,111 108,931
Total cash and cash equivalents 123,004 113,447
Securities available for sale 368,554 327,633
Equity security 4,673  
FHLB and FRB stock, at cost 21,561 13,378
Loans held for sale, at fair value 310 984
Loans held for sale, at lower of cost or fair value 4,002 187
Loans 3,798,590 3,704,440
Less: Allowance for loan and lease losses 37,293 36,440
Net loans 3,761,297 3,668,000
Premises and equipment 27,874 29,476
Other real estate owned 96 2,090
Accrued interest receivable 10,849 9,452
Bank owned life insurance 45,181 44,586
Goodwill 28,107 17,107
Other intangible assets 6,190 6,729
Other assets 34,011 27,478
TOTAL ASSETS 4,435,709 4,260,547
Deposits:    
Noninterest-bearing demand deposits 503,388 539,304
Interest-bearing deposits:    
Interest-bearing deposits checking [1] 1,148,660 1,152,483
Savings 116,391 119,556
Money market accounts 1,097,630 1,091,385
Certificates of deposit - retail 466,791 344,652
Certificates of deposit - listing service 85,241 198,383
Subtotal deposits 3,418,101 3,445,763
Interest-bearing demand - brokered 180,000 180,000
Certificates of deposit - brokered 61,193 72,591
Total deposits 3,659,294 3,698,354
Overnight borrowings 95,190 0
Federal Home Loan Bank advances 84,000 37,898
Capital lease obligation 8,548 9,072
Subordinated debt, net 83,138 83,024
Accrued expenses and other liabilities 51,106 28,521
TOTAL LIABILITIES 3,981,276 3,856,869
SHAREHOLDERS’ EQUITY    
Preferred stock (no par value; authorized 500,000 shares; liquidation preference of $1,000 per share)
Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 19,611,905 at September 30, 2018 and 19,027,812 at December 31, 2017; outstanding shares, 19,203,727 at September 30, 2018 and 18,619,634 at December 31, 2017 16,347 15,858
Surplus 305,253 283,552
Treasury stock at cost, 408,178 shares at both September 30, 2018 and December 31, 2017 (8,988) (8,988)
Retained earnings 145,034 114,468
Accumulated other comprehensive loss, net of income tax (3,213) (1,212)
TOTAL SHAREHOLDERS’ EQUITY 454,433 403,678
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY $ 4,435,709 $ 4,260,547
[1] Interest-bearing checking includes $418.8 million at September 30, 2018 and $359.9 million at December 31, 2017 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.