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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 25,878 $ 22,405
Interest-earning deposits in other banks 85,956 30,123
Federal funds sold 218 428
Total cash and cash equivalents 112,052 52,956
Available-for-sale investment securities (Amortized cost of $447,108 at December 31, 2013 and $381,074 at December 31, 2012) 443,224 393,965
Loans, less allowance for credit losses of $9,208 at December 31, 2013 and $10,133 at December 31, 2012 503,149 385,185
Bank premises and equipment, net 10,541 6,252
Other real estate owned 190 0
Bank owned life insurance 19,443 12,163
Federal Home Loan Bank stock 4,499 3,850
Goodwill 29,917 23,577
Core deposit intangibles 1,680 583
Accrued interest receivable and other assets 20,940 11,697
Total assets 1,145,635 890,228
Deposits:    
Non-interest bearing 356,392 240,169
Interest bearing 647,751 511,263
Total deposits 1,004,143 751,432
Short-term borrowings 0 4,000
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 16,294 11,976
Total liabilities 1,025,592 772,563
Commitments and contingencies (Note 13)      
Shareholders' equity:    
Preferred stock, no par value, $1,000 per share liquidation preference; 10,000,000 shares authorized, Series C, issued and outstanding: none at December 31, 2013 and 7,000 shares at December 31, 2012 0 7,000
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 10,914,680 at December 31, 2013 and 9,558,746 at December 31, 2012 53,981 40,583
Retained earnings 68,348 62,496
Accumulated other comprehensive (loss) income, net of tax (2,286) 7,586
Total shareholders’ equity 120,043 117,665
Total liabilities and shareholders’ equity $ 1,145,635 $ 890,228