|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| ASSETS |
|
|
| Cash and due from banks |
$ 86,271 |
$ 93,129 |
| Federal funds sold |
|
63 |
| Total cash and cash equivalents |
86,271 |
93,192 |
| Securities available for sale, at fair value |
201,137 |
262,785 |
| Federal Home Loan Bank stock, at cost |
11,907 |
12,064 |
| Loans held for sale |
2,363 |
14,502 |
| Loans, net of fees and costs |
2,290,735 |
1,806,843 |
| Less allowance for loan losses |
(25,335) |
(20,504) |
| Loans, net |
2,265,400 |
1,786,339 |
| Bank-owned life insurance |
37,446 |
36,251 |
| Foreclosed real estate, net |
1,390 |
2,604 |
| Premises and equipment, net |
39,426 |
38,719 |
| Accrued interest receivable |
7,127 |
6,745 |
| Deferred tax asset, net |
13,478 |
9,710 |
| Goodwill |
13,687 |
13,687 |
| Other assets |
2,469 |
2,173 |
| Total assets |
2,682,101 |
2,278,771 |
| Deposits: |
|
|
| Non interest-bearing |
255,639 |
204,079 |
| Interest-bearing |
1,992,961 |
1,661,354 |
| Total deposits |
2,248,600 |
1,865,433 |
| Long-term debt |
161,903 |
161,254 |
| Accrued expenses and other liabilities |
22,393 |
18,141 |
| Total liabilities |
2,432,896 |
2,044,828 |
| Commitments and contingencies (Notes 4, 6 and 10) |
|
|
| Stockholders' equity: |
|
|
| Common stock, no par value, 50,000,000 shares authorized; 23,000,000 shares issued |
|
|
| Additional paid-in capital |
99,553 |
98,338 |
| Retained earnings |
162,388 |
146,959 |
| Accumulated other comprehensive income |
4,104 |
4,915 |
| Treasury stock, at cost, 778,821 and 745,090 shares at December 31, 2013 and 2012, respectively |
(9,919) |
(8,331) |
| Unearned compensation-ESOP, 579,600 and 621,000 shares at December 31, 2013 and 2012, respectively |
(5,796) |
(6,210) |
| Unearned compensation-restricted shares, 103,810 and 119,055 at December 31, 2013 and 2012, respectively |
(1,125) |
(1,728) |
| Total stockholders' equity |
249,205 |
233,943 |
| Total liabilities and stockholders' equity |
$ 2,682,101 |
$ 2,278,771 |