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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from financial institutions $ 164,094 $ 42,779
Securities available for sale 349,934 346,294
Equity securities 1,072 1,070
Loans held for sale 1,444 1,391
Loans, net of allowance of $13,822 and $13,679 1,559,371 1,548,262
Other securities 20,280 21,021
Premises and equipment, net 21,772 22,021
Accrued interest receivable 7,304 6,723
Goodwill 76,851 76,851
Other intangible assets 9,104 9,352
Bank owned life insurance 44,239 43,037
Other assets 22,237 20,153
Total assets 2,277,702 2,138,954
Deposits    
Noninterest-bearing 657,510 468,083
Interest-bearing 1,108,291 1,111,810
Total deposits 1,765,801 1,579,893
Federal Home Loan Bank advances 127,100 193,600
Securities sold under agreements to repurchase 21,970 22,199
Subordinated debentures 29,427 29,427
Accrued expenses and other liabilities 21,347 14,937
Total liabilities 1,965,645 1,840,056
SHAREHOLDERS’ EQUITY    
Preferred shares, no par value, 200,000 shares authorized, Series B Preferred shares, $1,000 liquidation preference, 10,120 shares issued at March 31, 2019 and 10,120 shares issued at December 31, 2018, net of issuance costs 9,364 9,364
Common shares, no par value, 20,000,000 shares authorized, 16,372,077 shares issued at March 31, 2019 and 16,351,463 shares issued at December 31, 2018 266,990 266,901
Retained earnings 49,421 41,320
Treasury shares, 747,964 common shares at cost (17,235) (17,235)
Accumulated other comprehensive income (loss) 3,517 (1,452)
Total shareholders’ equity 312,057 298,898
Total liabilities and shareholders’ equity $ 2,277,702 $ 2,138,954