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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 23,339 $ 21,316
Interest-earning deposits in other banks 70,988 55,646
Federal funds sold 290 366
Total cash and cash equivalents 94,617 77,328
Available-for-sale investment securities (Amortized cost of $470,080 at December 31, 2015 and $423,639 at December 31, 2014) 477,554 432,535
Held-to-maturity Securities 31,712 31,964
Loans, less allowance for credit losses of $9,610 at December 31, 2015 and $8,308 at December 31, 2014 588,501 564,280
Bank premises and equipment, net 9,292 9,949
Bank owned life insurance 20,702 20,957
Federal Home Loan Bank stock 4,823 4,791
Goodwill 29,917 29,917
Core deposit intangibles 1,024 1,344
Accrued interest receivable and other assets 18,594 19,118
Total assets 1,276,736 1,192,183
Deposits:    
Non-interest bearing 428,773 376,402
Interest bearing 687,494 662,750
Total deposits 1,116,267 1,039,152
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 15,991 16,831
Total liabilities $ 1,137,413 $ 1,061,138
Commitments and contingencies (Note 13)
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: 10,996,773 at December 31, 2015 and 10,980,440 at December 31, 2014 54,424 54,216
Retained earnings 80,437 71,452
Accumulated other comprehensive income, net of tax 4,462 5,377
Total shareholders’ equity 139,323 131,045
Total liabilities and shareholders’ equity $ 1,276,736 $ 1,192,183