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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 29,748 $ 38,286
Interest-earning deposits in other banks 17,528 62,080
Federal funds sold 31 17
Total cash and cash equivalents 47,307 100,383
Available-for-sale debt securities 434,697 535,281
Equity securities 7,184 7,423
Loans, less allowance for credit losses of $9,025 at September 30, 2018 and $8,778 at December 31, 2017 902,852 891,901
Bank premises and equipment, net 8,869 9,398
Bank-owned life insurance 28,329 27,807
Federal Home Loan Bank stock 6,843 6,843
Goodwill 53,777 53,777
Core deposit intangibles 2,746 3,027
Accrued interest receivable and other assets 26,822 25,815
Total assets 1,519,426 1,661,655
Deposits:    
Non-interest bearing 534,636 585,039
Interest bearing 740,893 840,648
Total deposits 1,275,529 1,425,687
Short-term borrowings 0 0
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 25,307 21,254
Total liabilities 1,305,991 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: 13,796,489 at September 30, 2018 and 13,696,722 at December 31, 2017 104,506 103,314
Retained earnings 116,255 103,419
Accumulated other comprehensive income (loss), net of tax (7,326) 2,826
Total shareholders’ equity 213,435 209,559
Total liabilities and shareholders’ equity $ 1,519,426 $ 1,661,655