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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 12,940 $ 11,412
Interest bearing deposits with banks 50,709 16,928
Cash and cash equivalents 63,649 28,340
Restricted investments in bank stocks 5,780 8,720
Securities available for sale 324,540 394,124
Loans held for sale 6,627 5,917
Loans 831,933 781,713
Less: Allowance for loan losses (13,440) (13,568)
Net loans 818,493 768,145
Premises and equipment, net 31,379 23,960
Cash surrender value of life insurance 31,653 31,224
Intangible assets 132 207
Accrued interest receivable 3,759 3,845
Other assets 25,341 28,334
Total assets 1,311,353 1,292,816
Deposits:    
Non-interest bearing 147,680 131,390
Interest bearing 940,289 900,777
Total deposits 1,087,969 1,032,167
Short-term borrowings 43,393 89,156
Long-term debt 24,331 24,495
Accrued interest and other liabilities 14,621 13,937
Total liabilities 1,170,314 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; 8,357,941 and 8,320,479 shares issued; 8,276,866 and 8,272,591 shares outstanding 437 435
Additional paid - in capital 124,807 124,317
Retained earnings 9,787 7,939
Accumulated other comprehensive income 7,421 1,199
Treasury stock—common, 81,075 and 47,888 shares, at cost (1,413) (829)
Total shareholders’ equity 141,039 133,061
Total liabilities and shareholders’ equity $ 1,311,353 $ 1,292,816