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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Cash and due from banks $ 27,148 $ 21,316
Interest-earning deposits in other banks 47,872 55,646
Federal funds sold 266 366
Total cash and cash equivalents 75,286 77,328
Available-for-sale investment securities (Amortized cost of $444,728 at September 30, 2015 and $423,639 at December 31, 2014) 452,842 432,535
Held-to-maturity investment securities (Fair value of $35,256 at September 30, 2015 and $35,096 at December 31, 2014) 32,367 31,964
Loans, less allowance for credit losses of $9,093 at September 30, 2015 and $8,308 at December 31, 2014 590,197 564,280
Bank premises and equipment, net 9,494 9,949
Bank owned life insurance 20,557 20,957
Federal Home Loan Bank stock 4,823 4,791
Goodwill 29,917 29,917
Core deposit intangibles 1,091 1,344
Accrued interest receivable and other assets 17,421 19,118
Total assets 1,233,995 1,192,183
Deposits:    
Non-interest bearing 386,408 376,402
Interest bearing 688,446 662,750
Total deposits 1,074,854 1,039,152
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 16,533 16,831
Total liabilities $ 1,096,542 $ 1,061,138
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Preferred stock, no par value, $1,000 per share liquidation preference; 10,000,000 shares authorized, none issued and outstanding $ 0 $ 0
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 10,993,463 at September 30, 2015 and 10,980,440 at December 31, 2014 54,345 54,216
Retained earnings 78,195 71,452
Accumulated other comprehensive income, net of tax 4,913 5,377
Total shareholders’ equity 137,453 131,045
Total liabilities and shareholders’ equity $ 1,233,995 $ 1,192,183