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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2013
Assets      
Cash and cash equivalents $ 13,894 $ 16,570 $ 16,523
Interest bearing deposits in other banks 2,935 2,562 5,941
Securities available for sale 305,700 305,824 286,369
Securities to be held to maturity (fair value of $176,562,000 at March 31, 2014, $158,336,000 at December 31, 2013 and $156,552,000 at March 31, 2013) 182,853 169,277 150,791
Restricted equity securities, at cost 13,912 13,912 13,912
Loans held for sale 56 83 244
Loans 868,914 876,367 863,477
Less allowance for loan losses 11,655 11,514 12,720
Total loans 857,259 864,853 850,757
Accrued interest receivable 5,962 5,038 5,709
Premises and equipment, net 23,239 23,616 22,867
Other real estate owned 4,934 4,807 7,387
Goodwill 29,805 29,805 29,805
Other assets 25,568 27,616 26,482
Total assets 1,466,117 1,463,963 1,416,787
Liabilities      
Demand deposits 94,260 106,125 81,467
NOW deposits 158,278 151,322 137,356
Money market deposits 89,382 86,730 88,344
Savings deposits 149,076 149,103 141,541
Certificates of deposit 554,974 531,119 527,153
Total deposits 1,045,970 1,024,399 975,861
Borrowed funds – short term 123,372 148,977 121,031
Borrowed funds – long term 130,147 130,148 140,154
Other liabilities 14,212 14,341 16,070
Total liabilities 1,313,701 1,317,865 1,253,116
Shareholders' equity      
Preferred stock, $1,000 preference value per share 0 0 9,926
Common stock, one cent par value per share 107 106 106
Additional paid-in capital 58,600 58,395 57,985
Retained earnings 95,288 94,000 90,299
Accumulated other comprehensive income (loss)      
Net unrealized gain (loss) on securities available for sale (1,767) (6,591) 5,474
Net unrealized gain (loss) on postretirement benefit costs 188 188 (119)
Total shareholders' equity 152,416 146,098 163,671
Total liabilities & shareholders' equity $ 1,466,117 $ 1,463,963 $ 1,416,787
Common Stock      
Number of shares authorized (shares) 18,000,000 18,000,000 18,000,000
Number of shares issued and outstanding (shares) 10,703,272 10,671,192 10,653,799
Book value per common share (usd per share) $ 14.24 $ 13.69 $ 14.43
Tangible book value per common share (usd per share) $ 11.40 $ 10.83 $ 11.55