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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2013
Assets      
Cash and cash equivalents $ 17,167 $ 16,570 $ 20,117
Interest bearing deposits in other banks 773 2,562 787
Securities available for sale 190,920 305,824 317,900
Securities to be held to maturity (fair value of $280,779,000 at September 30, 2014, $158,336,000 at December 31, 2013 and $166,269,000 at September 30, 2013) 281,740 169,277 172,251
Restricted equity securities, at cost 13,912 13,912 13,912
Loans held for sale 383 83 1,555
Loans 908,115 876,367 862,073
Less allowance for loan losses 11,641 11,514 12,457
Total loans 896,474 864,853 849,616
Accrued interest receivable 5,141 5,038 5,353
Premises and equipment, net 22,721 23,616 23,667
Other real estate owned 4,557 4,807 3,760
Goodwill 29,805 29,805 29,805
Other assets 25,044 27,616 26,026
Total assets 1,488,637 1,463,963 1,464,749
Liabilities      
Demand deposits 119,512 106,125 110,007
NOW deposits 213,694 151,322 151,126
Money market deposits 99,260 86,730 96,313
Savings deposits 159,080 149,103 147,560
Certificates of deposit 463,776 531,119 532,460
Total deposits 1,055,322 1,024,399 1,037,466
Borrowed funds – short term 168,493 148,977 131,627
Borrowed funds – long term 90,143 130,148 135,150
Other liabilities 15,489 14,341 13,853
Total liabilities 1,329,447 1,317,865 1,318,096
Shareholders' equity      
Common stock, one cent par value per share 107 106 106
Additional paid-in capital 59,053 58,395 58,241
Retained earnings 98,643 94,000 92,633
Accumulated other comprehensive income (loss)      
Net unrealized gain (loss) on securities available for sale 1,227 (6,591) (4,212)
Net unrealized loss on securities transferred from available for sale to held to maturity (28) 0 0
Net unrealized gain (loss) on postretirement benefit costs 188 188 (115)
Total shareholders' equity 159,190 146,098 146,653
Total liabilities & shareholders' equity $ 1,488,637 $ 1,463,963 $ 1,464,749
Common Stock      
Number of shares authorized (shares) 18,000,000 18,000,000 18,000,000
Number of shares issued (shares) 10,717,787 10,671,192 10,665,378
Number of shares outstanding (shares) 10,717,787 10,671,192 10,665,378
Book value per common share (usd per share) $ 14.85 $ 13.69 $ 13.75
Tangible book value per common share (usd per share) $ 12.03 $ 10.83 $ 10.88