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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 25,867 $ 9,720
Securities available for sale, at fair value 532,590 504,969
Federal Home Loan Bank stock 26,713 21,479
Loans 1,049,022 990,070
Allowance for loan losses (9,891) (9,439)
Loans, net of allowance for loan losses 1,039,131 980,631
Premises and equipment, net 22,951 20,674
Goodwill 4,935 4,935
Bank owned life insurance 24,131 23,747
Other assets 11,231 13,900
TOTAL ASSETS 1,687,549 1,580,055
Liabilities    
Demand and other non-interest bearing deposits 84,123 86,577
NOW accounts 159,015 160,394
Savings and money market deposits 289,820 299,087
Time deposits 456,858 396,729
Total deposits 989,816 942,787
Short-term borrowings 345,478 333,909
Long-term advances from Federal Home Loan Bank 174,624 135,882
Junior subordinated debentures 5,000 5,000
Other liabilities 7,400 8,325
TOTAL LIABILITIES 1,522,318 1,425,903
Shareholders' equity    
Capital stock, par value $2.00; authorized 20,000,000 and 10,000,000 shares; issued 6,788,407 shares at June 30, 2016 and December 31, 2015, respectively 13,577 13,577
Surplus 22,249 21,624
Retained earnings 127,672 122,260
Accumulated other comprehensive income:    
Prior service cost and unamortized net actuarial losses on employee benefit plans, net of tax of ($222) and ($249), at June 30, 2016 and December 31, 2015, respectively (412) (463)
Net unrealized appreciation on securities available for sale, net of tax of $$6,020 and $2,828, at June 30, 2016 and December 31, 2015, respectively 11,180 5,251
Portion of OTTI attributable to non-credit gains, net of tax of $73 and $249, at June 30, 2016 and December 31, 2015, respectively 135 462
Net unrealized depreciation on derivative instruments, net of tax of ($1,299) and ($873), at June 30, 2016 and December 31, 2015, respectively (2,412) (1,621)
Total accumulated other comprehensive income 8,491 3,629
Less: cost of 758,722 and 778,196 shares of treasury stock at June 30, 2016 and December 31, 2015, respectively (6,758) (6,938)
TOTAL SHAREHOLDERS' EQUITY 165,231 154,152
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,687,549 $ 1,580,055