Consolidated Balance Sheets - USD ($)
$ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Assets |
|
|
| Cash and due from banks |
$ 16,559
|
$ 18,452
|
| Interest bearing deposits with banks |
34,206
|
124,615
|
| Cash and cash equivalents |
50,765
|
143,067
|
| Investment securities available for sale, at fair value (amortized cost of $568,890 and $347,776 as of December 31, 2016 and December 31, 2015 respectively) |
566,996
|
348,966
|
| Investment securities held to maturity, at amortized cost (fair value of $2,818 and $0 as of December 31, 2016 and December 31, 2015, respectively) |
2,879
|
0
|
| Investment securities, trading |
3,888
|
3,950
|
| Loans held for sale |
9,621
|
8,987
|
| Portfolio loans and leases, originated |
2,240,987
|
1,883,869
|
| Portfolio loans and leases, acquired |
294,438
|
385,119
|
| Total portfolio loans and leases |
2,535,425
|
2,268,988
|
| Less: Allowance for originated loan and lease losses |
(17,458)
|
(15,857)
|
| Less: Allowance for acquired loan and lease losses |
(28)
|
|
| Total allowance for loans and lease losses |
(17,486)
|
(15,857)
|
| Net portfolio loans and leases |
2,517,939
|
2,253,131
|
| Premises and equipment, net |
41,778
|
45,339
|
| Accrued interest receivable |
8,533
|
7,869
|
| Mortgage servicing rights |
5,582
|
5,142
|
| Bank owned life insurance |
39,279
|
38,371
|
| Federal Home Loan Bank stock |
17,305
|
12,942
|
| Goodwill |
104,765
|
104,765
|
| Intangible assets |
20,405
|
23,903
|
| Other investments |
8,627
|
9,460
|
| Other assets |
23,168
|
25,105
|
| Total assets |
3,421,530
|
3,030,997
|
| Deposits: |
|
|
| Non-interest-bearing |
736,180
|
626,684
|
| Interest-bearing |
1,843,495
|
1,626,041
|
| Total deposits |
2,579,675
|
2,252,725
|
| Short-term borrowings |
204,151
|
94,167
|
| Long-term FHLB advances |
189,742
|
254,863
|
| Subordinated notes |
29,532
|
29,479
|
| Accrued interest payable |
2,734
|
1,851
|
| Other liabilities |
34,569
|
32,201
|
| Total liabilities |
3,040,403
|
2,665,286
|
| Shareholders' equity |
|
|
| Common stock, par value $1; authorized 100,000,000 shares; issued 21,110,968 and 20,931,416 shares as of December 31, 2016 and December 31, 2015, respectively, and outstanding of 16,939,715 and 17,071,523 as of December 31, 2016 and December 31, 2015, respectively |
21,111
|
20,931
|
| Paid-in capital in excess of par value |
232,806
|
228,814
|
| Less: Common stock in treasury at cost - 4,171,253 and 3,859,893 shares as of December 31, 2016 and December 31, 2015, respectively |
(66,950)
|
(58,144)
|
| Accumulated other comprehensive loss, net of tax |
(2,409)
|
(412)
|
| Retained earnings |
196,569
|
174,522
|
| Total shareholders' equity |
381,127
|
365,711
|
| Total liabilities and shareholders' equity |
$ 3,421,530
|
$ 3,030,997
|