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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 8,439 $ 9,720
Securities available for sale, at fair value 528,856 504,969
Federal Home Loan Bank stock 25,331 21,479
Loans 1,129,064 990,070
Allowance for loan losses (10,419) (9,439)
Total loans net of allowance for loan losses 1,118,645 980,631
Premises and equipment, net 23,419 20,674
Goodwill 4,935 4,935
Bank owned life insurance 24,450 23,747
Other assets 21,274 13,900
TOTAL ASSETS 1,755,349 1,580,055
Liabilities    
Demand and other non-interest bearing deposits 98,856 86,577
NOW accounts 175,150 160,394
Savings and money market deposits 359,857 299,087
Time deposits 416,437 396,729
Total deposits 1,050,300 942,787
Short-term borrowings 394,480 333,909
Long-term advances from Federal Home Loan Bank 137,116 135,882
Junior subordinated debentures 5,000 5,000
Other liabilities 11,713 8,325
TOTAL LIABILITIES 1,598,609 1,425,903
Commitments and Contingencies (Note 17)
Shareholders' equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 6,788,407 shares at December 31, 2016 and December 31, 2015 13,577 13,577
Surplus 23,027 21,624
Retained earnings 130,489 122,260
Accumulated other comprehensive (loss) income:    
Prior service cost and unamortized net actuarial losses on employee benefit plans, net of tax of ($217) and ($249), at December 31, 2016 and December 31, 2015, respectively (403) (463)
Net unrealized (depreciation) appreciation on securities available for sale, net of tax of ($1,214) and $2,828, at December 31, 2016 and December 31, 2015, respectively (2,255) 5,251
Portion of OTTI attributable to non-credit gains, net of tax of $70 and $249, at December 31, 2016 and December 31, 2015, respectively 130 462
Net unrealized depreciation on derivative instruments, net of tax of $968 and $873, at December 31, 2016 and December 31, 2015, respectively (1,798) (1,621)
Total accumulated other comprehensive income (4,326) 3,629
Less: cost of 711,344 and 778,196 shares of treasury stock at December 31, 2016 and December 31, 2015, respectively (6,027) (6,938)
TOTAL SHAREHOLDERS' EQUITY 156,740 154,152
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,755,349 $ 1,580,055