Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (unaudited)

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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 28,143 $ 40,526
Federal funds sold and other short-term investments 115,843 130,758
Cash and cash equivalents 143,986 171,284
Debt securities available for sale, at fair value 224,645 226,986
Debt securities held to maturity (fair value 2019 - $72,733 and 2018 - $71,505) 70,336 70,334
Federal Home Loan Bank (FHLB) stock 11,558 11,558
Loans held for sale, at fair value 512 415
Total loans 1,384,567 1,405,658
Allowance for loan losses (16,892) (16,876)
Net loans 1,367,675 1,388,782
Premises and equipment - net 44,805 44,862
Accrued interest receivable 5,994 5,279
Bank-owned life insurance 41,433 41,185
Other real estate owned - net 3,261 3,380
Net deferred tax asset 2,660 3,380
Other assets 9,015 7,679
Total assets 1,925,880 1,975,124
Deposits    
Noninterest-bearing 466,631 485,530
Interest-bearing 1,151,233 1,191,209
Total deposits 1,617,864 1,676,739
Other borrowed funds 60,000 60,000
Long-term debt 41,238 41,238
Accrued expenses and other liabilities 8,812 6,294
Total liabilities 1,727,914 1,784,271
Commitments and contingent liabilities
Shareholders' equity    
Common stock, no par value, 200,000,000 shares authorized; 34,043,697 and 34,045,411 shares issued and outstanding at March 31, 2019 and December 31, 2018 217,842 217,783
Retained deficit (19,384) (24,652)
Accumulated other comprehensive income (loss) (492) (2,278)
Total shareholders' equity 197,966 190,853
Total liabilities and shareholders' equity $ 1,925,880 $ 1,975,124