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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Assets    
Cash and cash equivalents $ 12,336 $ 9,800
Securities available for sale, at fair value (amortized cost of $490,477 and $458,370, respectively) 502,680 470,525
Federal Home Loan Bank stock 23,593 21,354
Loans 975,950 919,024
Allowance for loan losses (9,037) (8,969)
Loans, net of allowance for loan losses 966,913 910,055
Premises and equipment, net 20,785 20,518
Goodwill 4,935 4,935
Bank owned life insurance 23,575 8,141
Other assets 13,104 13,992
TOTAL ASSETS 1,567,921 1,459,320
Deposits:    
Demand and other non-interest bearing deposits 96,847 78,802
NOW accounts 155,342 153,499
Savings and money market deposits 286,475 247,685
Time deposits 472,230 378,063
Total deposits 1,010,894 858,049
Short-term borrowings 254,720 313,520
Long-term advances from Federal Home Loan Bank 135,886 128,500
Junior subordinated debentures 5,000 5,000
Other liabilities 7,309 7,964
TOTAL LIABILITIES 1,413,809 1,313,033
Shareholders' equity    
Capital stock, par value $2.00; authorized 20,000,000 and 10,000,000 shares; issued 6,788,407 shares at September 30, 2015 and December 31, 2014, respectively 13,577 13,577
Surplus 21,404 20,905
Retained earnings 120,352 113,149
Accumulated other comprehensive income:    
Prior service cost and unamortized net actuarial losses on employee benefit plans, net of tax of ($253) and ($251), at September 31, 2015 and December 31, 2014, respectively (469) (488)
Net unrealized appreciation on securities available for sale, net of tax of $4,017 and $3,997, at September 30, 2015 and December 31, 2014, respectively 7,460 7,423
Portion of OTTI attributable to non-credit gains, net of tax of $254 and $257, at September 30, 2015 and December 30, 2014, respectively 472 478
Net unrealized depreciation on derivative instruments, net of tax of $810 and $389, at September 30, 2015 and December 31, 2014, respectively (1,504) (722)
Total accumulated other comprehensive income 5,959 6,691
Less: cost of 793,477 and 842,082 shares of treasury stock at September 30, 2015 and December 31, 2014, respectively (7,180) (8,035)
TOTAL SHAREHOLDERS' EQUITY 154,112 146,287
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,567,921 $ 1,459,320