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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 12,281 $ 11,412
Interest bearing deposits with banks 54,634 16,928
Cash and cash equivalents 66,915 28,340
Restricted investments in bank stocks 6,270 8,720
Securities available for sale 327,590 394,124
Loans held for sale 3,499 5,917
Loans 804,703 781,713
Less: Allowance for loan losses (13,347) (13,568)
Net loans 791,356 768,145
Premises and equipment, net 29,689 23,960
Cash surrender value of life insurance 31,438 31,224
Intangible assets 155 207
Accrued interest receivable 3,582 3,845
Other assets 26,785 28,334
Total assets 1,287,279 1,292,816
Deposits:    
Non-interest bearing 146,094 131,390
Interest bearing 902,282 900,777
Total deposits 1,048,376 1,032,167
Short-term borrowings 62,693 89,156
Long-term debt 24,413 24,495
Accrued interest and other liabilities 13,550 13,937
Total liabilities 1,149,032 1,159,755
Shareholders’ Equity    
Preferred stock, $1.25 par value per share; 500,000 shares authorized; no shares issued or outstanding 0 0
Common stock, no par value—$0.05205 stated value per share 50,000,000 shares authorized; 8,348,441 and 8,320,479 shares issued; 8,288,793 and 8,272,591 shares outstanding 437 435
Additional paid - in capital 124,548 124,317
Retained earnings 9,855 7,939
Accumulated other comprehensive income 4,434 1,199
Treasury stock—common, 59,648 and 47,888 shares, at cost (1,027) (829)
Total shareholders’ equity 138,247 133,061
Total liabilities and shareholders’ equity $ 1,287,279 $ 1,292,816