Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (unaudited)

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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 30,045 $ 29,104
Federal funds sold and other short -term investments 94,888 152,372
Cash and cash equivalents 124,933 181,476
Interest-bearing time deposits in other financial institutions 0 20,000
Securities available for sale, at fair value 173,580 166,815
Securities held to maturity (fair value 2016 - $50,803 and 2015 - $52,837) 49,373 51,856
Federal Home Loan Bank (FHLB) stock 11,558 11,558
Loans held for sale, at fair value 1,138 2,776
Total loans 1,211,844 1,197,932
Allowance for loan losses (16,959) (17,081)
Net loans 1,194,885 1,180,851
Premises and equipment - net 50,639 51,456
Accrued interest receivable 3,657 3,622
Bank-owned life insurance 28,942 28,858
Other real estate owned - net 14,066 17,572
Net deferred tax asset 8,422 8,819
Other assets 5,354 3,984
Total assets 1,666,547 1,729,643
Deposits    
Noninterest-bearing 451,644 477,032
Interest-bearing 903,434 958,480
Total deposits 1,355,078 1,435,512
Other borrowed funds 104,840 96,169
Long-term debt 41,238 41,238
Accrued expenses and other liabilities 6,929 4,747
Total liabilities 1,508,085 1,577,666
Commitments and contingent liabilities
Shareholders' equity    
Common stock, no par value, 200,000,000 shares authorized; 33,922,289 and 33,925,113 shares issued and outstanding at June 30, 2016 and December 31, 2015 216,799 216,540
Retained deficit (59,695) (64,910)
Accumulated other comprehensive income 1,358 347
Total shareholders' equity 158,462 151,977
Total liabilities and shareholders' equity $ 1,666,547 $ 1,729,643