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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 14,571 $ 9,720
Securities available for sale, at fair value 537,287 504,969
Federal Home Loan Bank stock 23,712 21,479
Loans 1,088,243 990,070
Allowance for loan losses (10,103) (9,439)
Loans, net of allowance for loan losses 1,078,140 980,631
Premises and equipment, net 23,082 20,674
Goodwill 4,935 4,935
Bank owned life insurance 24,288 23,747
Other assets 11,860 13,900
TOTAL ASSETS 1,717,875 1,580,055
Liabilities    
Demand and other non-interest bearing deposits 115,376 86,577
NOW accounts 167,653 160,394
Savings and money market deposits 320,721 299,087
Time deposits 429,775 396,729
Total deposits 1,033,525 942,787
Short-term borrowings 363,375 333,909
Long-term advances from Federal Home Loan Bank 144,120 135,882
Junior subordinated debentures 5,000 5,000
Other liabilities 7,519 8,325
TOTAL LIABILITIES 1,553,539 1,425,903
Shareholders' equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 6,788,407 shares at September 30, 2016 and December 31, 2015 13,577 13,577
Surplus 22,641 21,624
Retained earnings 129,602 122,260
Accumulated other comprehensive income:    
Prior service cost and unamortized net actuarial losses on employee benefit plans, net of tax of ($219) and ($249), at September 30, 2016 and December 31, 2015, respectively (407) (463)
Net unrealized appreciation on securities available for sale, net of tax of $$4,069 and $2,828, at September 30, 2016 and December 31, 2015, respectively 7,556 5,251
Portion of OTTI attributable to non-credit gains, net of tax of $72 and $249, at September 30, 2016 and December 31, 2015, respectively 134 462
Net unrealized depreciation on derivative instruments, net of tax of $1,331 and $873, at September 30, 2016 and December 31, 2015, respectively (2,472) (1,621)
Total accumulated other comprehensive income 4,811 3,629
Less: cost of 732,600 and 778,196 shares of treasury stock at September 30, 2016 and December 31, 2015, respectively (6,295) (6,938)
TOTAL SHAREHOLDERS' EQUITY 164,336 154,152
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,717,875 $ 1,580,055