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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 29,811 $ 38,286
Interest-earning deposits in other banks 16,812 62,080
Federal funds sold 7 17
Total cash and cash equivalents 46,630 100,383
Available-for-sale debt securities 484,001 535,281
Equity securities 7,254 7,423
Loans, less allowance for credit losses of $8,920 at June 30, 2018 and $8,778 at December 31, 2017 925,914 891,901
Bank premises and equipment, net 9,131 9,398
Bank-owned life insurance 28,154 27,807
Federal Home Loan Bank stock 6,843 6,843
Goodwill 53,777 53,777
Core deposit intangibles 2,840 3,027
Accrued interest receivable and other assets 25,359 25,815
Total assets 1,589,903 1,661,655
Deposits:    
Non-interest bearing 554,465 585,039
Interest bearing 769,746 840,648
Total deposits 1,324,211 1,425,687
Short-term borrowings 30,000 0
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 19,353 21,254
Total liabilities 1,378,719 1,452,096
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: 13,785,591 at June 30, 2018 and 13,696,722 at December 31, 2017 104,226 103,314
Retained earnings 111,545 103,419
Accumulated other comprehensive income (loss), net of tax (4,587) 2,826
Total shareholders’ equity 211,184 209,559
Total liabilities and shareholders’ equity $ 1,589,903 $ 1,661,655