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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from financial institutions $ 49,839 $ 42,779
Securities available for sale 359,473 346,294
Equity securities 1,039 1,070
Loans held for sale 2,563 1,391
Loans, net of allowance of $13,786 and $13,679 1,584,984 1,548,262
Other securities 20,280 21,021
Premises and equipment, net 21,720 22,021
Accrued interest receivable 7,350 6,723
Goodwill 76,851 76,851
Other intangible assets 8,855 9,352
Bank owned life insurance 44,491 43,037
Other assets 25,550 20,153
Total assets 2,202,995 2,138,954
Deposits    
Noninterest-bearing 496,541 468,083
Interest-bearing 1,136,179 1,111,810
Total deposits 1,632,720 1,579,893
Short-term Federal Home Loan Bank advances 121,300 188,600
Securities sold under agreements to repurchase 15,554 22,199
Other borrowings 55,000 5,000
Subordinated debentures 29,427 29,427
Accrued expenses and other liabilities 24,782 14,937
Total liabilities 1,878,783 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, net of issuance costs 9,364 9,364
Common shares, no par value, 20,000,000 shares authorized, 16,381,023 shares issued at June 30, 2019 and 16,351,463 shares issued at December 31, 2018 267,275 266,901
Retained earnings 56,199 41,320
Treasury shares, 747,964 common shares at cost (17,235) (17,235)
Accumulated other comprehensive income (loss) 8,609 (1,452)
Total shareholders’ equity 324,212 298,898
Total liabilities and shareholders’ equity $ 2,202,995 $ 2,138,954