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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 38,286 $ 28,185
Interest-earning deposits in other banks 62,080 10,368
Federal funds sold 17 15
Total cash and cash equivalents 100,383 38,568
Available-for-sale investment securities (Amortized cost of $538,692 at December 31, 2017 and $548,640 at December 31, 2016) 542,704 547,749
Loans, less allowance for credit losses of $8,778 at December 31, 2017 and $9,326 at December 31, 2016 891,901 747,302
Bank premises and equipment, net 9,398 9,407
Bank owned life insurance 27,807 23,189
Federal Home Loan Bank stock 6,843 5,594
Goodwill 53,777 40,231
Core deposit intangibles 3,027 1,383
Accrued interest receivable and other assets 25,815 29,900
Total assets 1,661,655 1,443,323
Deposits:    
Non-interest bearing 585,039 495,815
Interest bearing 840,648 760,164
Total deposits 1,425,687 1,255,979
Short-term borrowings 0 400
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 21,254 17,756
Total liabilities 1,452,096 1,279,290
Commitments and contingencies (Note 12)
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: 13,696,722 at December 31, 2017 and 12,143,815 at December 31, 2016 103,314 71,645
Retained earnings 103,419 92,904
Accumulated other comprehensive (loss) income, net of tax 2,826 (516)
Total shareholders’ equity 209,559 164,033
Total liabilities and shareholders’ equity $ 1,661,655 $ 1,443,323