Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (unaudited)

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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 23,468 $ 31,503
Federal funds sold and other short -term investments 100,285 97,952
Cash and cash equivalents 123,753 129,455
Interest-bearing time deposits in other financial institutions 20,000 20,000
Securities available for sale, at fair value 161,515 161,874
Securities held to maturity (fair value 2015 - $41,624 and 2014 - $31,428) 40,434 31,585
Federal Home Loan Bank (FHLB) stock 11,558 11,238
Loans held for sale, at fair value 2,895 2,347
Total loans 1,192,878 1,118,483
Allowance for loan losses (18,217) (18,962)
Net loans 1,174,661 1,099,521
Premises and equipment - net 51,725 52,894
Accrued interest receivable 3,778 3,399
Bank-owned life insurance 28,697 28,195
Other real estate owned - net 25,671 28,242
Net deferred tax asset 10,605 12,265
Other assets 4,047 2,831
Total assets 1,659,339 1,583,846
Deposits    
Noninterest-bearing 442,316 404,143
Interest-bearing 924,533 902,182
Total deposits 1,366,849 1,306,325
Other borrowed funds 96,169 88,107
Long-term debt 41,238 41,238
Accrued expenses and other liabilities 5,350 5,657
Total liabilities $ 1,509,606 $ 1,441,327
Commitments and contingent liabilities
Shareholders' equity    
Common stock, no par value, 200,000,000 shares authorized; 33,866,789 shares issued and outstanding at September 30, 2015 and December 31, 2014 $ 216,544 $ 216,460
Retained deficit (67,439) (74,002)
Accumulated other comprehensive income 628 61
Total shareholders' equity 149,733 142,519
Total liabilities and shareholders' equity $ 1,659,339 $ 1,583,846