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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 29,943 $ 28,185
Interest-earning deposits in other banks 24,594 10,368
Federal funds sold 48 15
Total cash and cash equivalents 54,585 38,568
Available-for-sale investment securities (Amortized cost of $520,905 at June 30, 2017 and $548,640 at December 31, 2016) 528,127 547,749
Loans, less allowance for credit losses of $9,297 at June 30, 2017 and $9,326 at December 31, 2016 759,691 747,302
Bank premises and equipment, net 9,166 9,407
Bank-owned life insurance 23,489 23,189
Federal Home Loan Bank stock 5,594 5,594
Goodwill 40,311 40,231
Core deposit intangibles 1,289 1,383
Accrued interest receivable and other assets 22,584 29,900
Total assets 1,444,836 1,443,323
Deposits:    
Non-interest bearing 481,120 495,815
Interest bearing 764,271 760,164
Total deposits 1,245,391 1,255,979
Short-term borrowings 0 400
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 17,123 17,756
Total liabilities 1,267,669 1,279,290
Commitments and contingencies (Note 9)
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: 12,211,670 at June 30, 2017 and 12,143,815 at December 31, 2016 72,344 71,645
Retained earnings 100,638 92,904
Accumulated other comprehensive income (loss), net of tax 4,185 (516)
Total shareholders’ equity 177,167 164,033
Total liabilities and shareholders’ equity $ 1,444,836 $ 1,443,323