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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Cash and due from banks $ 22,525 $ 23,339  
Interest-earning deposits in other banks 55,824 70,988  
Federal funds sold 307 290  
Total cash and cash equivalents 78,656 94,617  
Available-for-sale investment securities (Amortized cost of $488,425 at March 31, 2016 and $470,080 at December 31, 2015) 501,978 477,554  
Held-to-maturity investment securities (Fair value of $35,142 at December 31, 2015) 0 31,712  
Loans, less allowance for credit losses of $10,136 at March 31, 2016 and $9,610 at December 31, 2015 598,864 588,501  
Bank premises and equipment, net 9,002 9,292  
Bank owned life insurance 20,847 20,702  
Federal Home Loan Bank stock 4,823 4,823  
Goodwill 29,917 29,917  
Core deposit intangibles 990 1,024  
Accrued interest receivable and other assets 26,466 18,594  
Total assets 1,271,543 1,276,736  
Deposits:      
Non-interest bearing 408,080 428,773  
Interest bearing 695,399 687,494  
Total deposits 1,103,479 1,116,267  
Junior subordinated deferrable interest debentures 5,155 5,155  
Accrued interest payable and other liabilities 17,130 15,991  
Total liabilities 1,125,764 $ 1,137,413  
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: 11,026,229 at March 31, 2016 and 10,996,773 at December 31, 2015 54,624 54,424  
Retained earnings 83,180 80,437  
Accumulated other comprehensive income, net of tax 7,975 4,462  
Total shareholders’ equity 145,779 139,323  
Total liabilities and shareholders’ equity $ 1,271,543 $ 1,276,736