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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Cash and due from banks $ 21,582 $ 23,339
Interest-earning deposits in other banks 57,940 70,988
Federal funds sold 30 290
Total cash and cash equivalents 79,552 94,617
Available-for-sale investment securities (Amortized cost of $487,631 at June 30, 2016 and $470,080 at December 31, 2015) 510,401 477,554
Held-to-maturity investment securities (Fair value of $35,142 at December 31, 2015) 0 31,712
Loans, less allowance for credit losses of $9,872 at June 30, 2016 and $9,610 at December 31, 2015 621,152 588,501
Bank premises and equipment, net 8,742 9,292
Bank owned life insurance 20,982 20,702
Federal Home Loan Bank stock 4,823 4,823
Goodwill 29,917 29,917
Core deposit intangibles 956 1,024
Accrued interest receivable and other assets 14,284 18,594
Total assets 1,290,809 1,276,736
Deposits:    
Non-interest bearing 407,019 428,773
Interest bearing 703,391 687,494
Total deposits 1,110,410 1,116,267
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 18,569 15,991
Total liabilities 1,134,134 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: 11,028,579 at June 30, 2016 and 10,996,773 at December 31, 2015 54,699 54,424
Retained earnings 88,577 80,437
Accumulated other comprehensive income, net of tax 13,399 4,462
Total shareholders’ equity 156,675 139,323
Total liabilities and shareholders’ equity $ 1,290,809 $ 1,276,736