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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 28,185,000 $ 23,339,000
Interest-earning deposits in other banks 10,368,000 70,988,000
Federal funds sold 15,000 290,000
Total cash and cash equivalents 38,568,000 94,617,000
Available-for-sale investment securities (Amortized cost of $548,640 at December 31, 2016 and $470,080 at December 31, 2015) 547,749,000 477,554,000
Held-to-maturity investment securities (Fair value of $35,142 at December 31, 2015) 0 31,712,000
Loans, less allowance for credit losses of $9,326 at December 31, 2016 and $9,610 at December 31, 2015 747,302,000 588,501,000
Bank premises and equipment, net 9,407,000 9,292,000
Bank owned life insurance 23,189,000 20,702,000
Federal Home Loan Bank stock 5,594,000 4,823,000
Goodwill 40,231,000 29,917,000
Core deposit intangibles 1,383,000 1,024,000
Accrued interest receivable and other assets 29,900,000 18,594,000
Total assets 1,443,323,000 1,276,736,000
Deposits:    
Non-interest bearing 495,815,000 428,773,000
Interest bearing 760,164,000 687,494,000
Total deposits 1,255,979,000 1,116,267,000
Short-term borrowings 400,000 0
Junior subordinated deferrable interest debentures 5,155,000 5,155,000
Accrued interest payable and other liabilities 17,756,000 15,991,000
Total liabilities 1,279,290,000 1,137,413,000
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: 12,143,815 at December 31, 2016 and 10,996,773 at December 31, 2015 71,645,000 54,424,000
Retained earnings 92,904,000 80,437,000
Accumulated other comprehensive (loss) income, net of tax (516,000) 4,462,000
Total shareholders’ equity 164,033,000 139,323,000
Total liabilities and shareholders’ equity $ 1,443,323,000 $ 1,276,736,000