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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from financial institutions $ 62,219 $ 42,779
Securities available for sale 355,287 346,294
Equity securities 1,152 1,070
Loans held for sale 8,983 1,391
Loans, net of allowance of $14,144 and $13,679 1,634,496 1,548,262
Other securities 20,280 21,021
Premises and equipment, net 22,201 22,021
Accrued interest receivable 7,501 6,723
Goodwill 76,851 76,851
Other intangible assets 8,610 9,352
Bank owned life insurance 44,745 43,037
Other assets 26,740 20,153
Total assets 2,269,065 2,138,954
Deposits    
Noninterest-bearing 497,244 468,083
Interest-bearing 1,135,377 1,111,810
Total deposits 1,632,621 1,579,893
Short-term Federal Home Loan Bank advances 181,100 188,600
Securities sold under agreements to repurchase 15,088 22,199
Other borrowings 55,000 5,000
Subordinated debentures 29,427 29,427
Accrued expenses and other liabilities 26,566 14,937
Total liabilities 1,939,802 1,840,056
SHAREHOLDERS’ EQUITY    
Preferred shares, no par value, 200,000 shares authorized, Series B Preferred shares, $1,000 liquidation preference, 9,898 shares issued at September 30, 2019 and 10,120 shares issued at December 31, 2018, net of issuance costs 9,158 9,364
Common shares, no par value, 20,000,000 shares authorized, 16,409,439 shares issued at September 30, 2019 and 16,351,463 shares issued at December 31, 2018 267,559 266,901
Retained earnings 62,023 41,320
Treasury shares, 936,164 common shares at September 30, 2019 and 747,964 common shares at December 31, 2018, at cost (21,144) (17,235)
Accumulated other comprehensive income (loss) 11,667 (1,452)
Total shareholders’ equity 329,263 298,898
Total liabilities and shareholders’ equity $ 2,269,065 $ 2,138,954