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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Surplus [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Loss [Member]
--- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2015 | $ 275,676 | $ 13,717 | $ 213,203 | $ (8,988) | $ 58,123 | $ (379)
Net income | 26,477 |  |  |  | 26,477 |
Other comprehensive income (loss) | (1,152) |  |  |  |  | (1,152)
Restricted stock awards forfeitures |  | (10) | 10 |  |  |
Restricted stock units/awards repurchased on vesting to pay taxes | (554) | (24) | (530) |  |  |
Amortization of restricted stock awards/units | 2,836 |  | 2,836 |  |  |
Cash dividends declared on common stock | (3,296) |  |  |  | (3,296) |
Common stock option expense | 56 |  | 56 |  |  |
Common stock options exercised and related tax benefits | 1,069 | 59 | 1,010 |  |  |
Sales of shares (dividend reinvestment program) | 22,461 | 948 | 21,513 |  |  |
Issuance of shares for Employee Stock Purchase Plan | 637 | 27 | 610 |  |  |
Balance at Dec. 31, 2016 | 324,210 | 14,717 | 238,708 | (8,988) | 81,304 | (1,531)
Net income | 36,497 |  |  |  | 36,497 |
Other comprehensive income (loss) | 534 |  |  |  |  | 534
Restricted stock units issued |  | 62 | (62) |  |  |
Restricted stock awards forfeitures |  | (1) | 1 |  |  |
Restricted stock units/awards repurchased on vesting to pay taxes | (1,826) | (49) | (1,777) |  |  |
Amortization of restricted stock awards/units | 3,741 |  | 3,741 |  |  |
Cash dividends declared on common stock | (3,548) |  |  |  | (3,548) |
Common stock option expense | 6 |  | 6 |  |  |
Common stock options exercised and related tax benefits | 690 | 42 | 648 |  |  |
Sales of shares (dividend reinvestment program) | 36,588 | 1,004 | 35,584 |  |  |
Issuance of shares for Employee Stock Purchase Plan | 797 | 21 | 776 |  |  |
Issuance of shares for Employee’s Savings and Investment plan | 889 | 25 | 864 |  |  |
Issuance of common stock for acquisition | 1,500 | 37 | 1,463 |  |  |
Issuance of stock offering net of costs | 3,600 |  | 3,600 |  |  |
Reclassification of certain deferred tax effects |  |  |  |  | 215 | (215)
Balance at Dec. 31, 2017 | 403,678 | 15,858 | 283,552 | (8,988) | 114,468 | (1,212)
Net income | 44,170 |  |  |  | 44,170 |
Other comprehensive income (loss) | (1,260) |  |  |  |  | (1,260)
Cumulative effect adjustment for adoption of ASU 2016-01 |  |  |  |  | (127) | 127
Restricted stock units issued |  | 76 | (76) |  |  |
Restricted stock awards forfeitures |  | (78) | 78 |  |  |
Restricted stock units/awards repurchased on vesting to pay taxes | (1,540) | (38) | (1,502) |  |  |
Amortization of restricted stock awards/units | 4,445 |  | 4,445 |  |  |
Cash dividends declared on common stock | (3,712) |  |  |  | (3,712) |
Common stock options exercised and related tax benefits | 275 | 19 | 256 |  |  |
Sales of shares (dividend reinvestment program) | 16,677 | 452 | 16,225 |  |  |
Issuance of shares for Employee Stock Purchase Plan | 958 | 24 | 934 |  |  |
Issuance of shares for Employee’s Savings and Investment plan | 1,039 | 29 | 1,010 |  |  |
Issuance of common stock for acquisition | 4,283 | 117 | 4,166 |  |  |
Balance at Dec. 31, 2018 | $ 469,013 | $ 16,459 | $ 309,088 | $ (8,988) | $ 154,799 | $ (2,345)

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