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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 26,195 $ 28,185
Interest-earning deposits in other banks 9,494 10,368
Federal funds sold 0 15
Total cash and cash equivalents 35,689 38,568
Available-for-sale investment securities (Amortized cost of $507,477 at September 30, 2017 and $548,640 at December 31, 2016) 515,077 547,749
Loans, less allowance for credit losses of $8,916 at September 30, 2017 and $9,326 at December 31, 2016 769,810 747,302
Bank premises and equipment, net 8,920 9,407
Bank-owned life insurance 23,639 23,189
Federal Home Loan Bank stock 5,594 5,594
Goodwill 40,311 40,231
Core deposit intangibles 1,243 1,383
Accrued interest receivable and other assets 22,743 29,900
Total assets 1,423,026 1,443,323
Deposits:    
Non-interest bearing 494,364 495,815
Interest bearing 724,021 760,164
Total deposits 1,218,385 1,255,979
Short-term borrowings 0 400
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 18,254 17,756
Total liabilities 1,241,794 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: 12,212,190 at September 30, 2017 and 12,143,815 at December 31, 2016 72,428 71,645
Retained earnings 104,399 92,904
Accumulated other comprehensive income (loss), net of tax 4,405 (516)
Total shareholders’ equity 181,232 164,033
Total liabilities and shareholders’ equity $ 1,423,026 $ 1,443,323