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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Jun. 30, 2014
Assets      
Cash and cash equivalents $ 16,481 $ 13,057 $ 20,416
Interest bearing deposits in other banks 24,565 3,559 272
Securities available for sale 213,814 185,261 303,880
Securities to be held to maturity (fair value of $248,698,000 at June 30, 2015, $279,704,000 at December 31, 2014 and $195,550,000 at June 30, 2014) 249,250 275,919 198,135
Restricted equity securities, at cost 13,912 13,912 13,912
Loans held for sale 0 0 272
Loans 963,109 917,564 891,864
Less allowance for loan losses 9,908 10,344 11,644
Total loans 953,201 907,220 880,220
Accrued interest receivable 6,180 4,748 6,247
Premises and equipment, net 21,946 22,619 21,933
Other real estate owned 2,192 3,785 4,863
Goodwill 29,805 29,805 29,805
Other assets 21,994 22,246 24,125
Total assets 1,553,340 1,482,131 1,504,080
Liabilities      
Demand deposits 107,244 113,133 99,210
NOW deposits 221,964 199,977 174,680
Money market deposits 102,219 98,607 92,060
Savings deposits 186,777 165,601 153,602
Certificates of deposit 478,119 447,501 513,884
Total deposits 1,096,323 1,024,819 1,033,436
Borrowed funds – short term 132,876 189,775 183,375
Borrowed funds – long term 145,137 90,141 115,145
Other liabilities 15,195 15,842 14,675
Total liabilities 1,389,531 1,320,577 1,346,631
Shareholders' equity      
Common stock, one cent par value per share 107 107 107
Additional paid-in capital 59,475 59,282 58,823
Retained earnings 103,448 99,816 96,785
Accumulated other comprehensive income (loss)      
Net unrealized gain on securities available for sale 988 2,522 1,546
Net unrealized loss on securities transferred from available for sale to held to maturity (84) (48) 0
Net unrealized gain (loss) on postretirement benefit costs (125) (125) 188
Total shareholders' equity 163,809 161,554 157,449
Total liabilities & shareholders' equity $ 1,553,340 $ 1,482,131 $ 1,504,080
Common Stock      
Number of shares authorized (shares) 18,000,000 18,000,000 18,000,000
Number of shares issued (shares) 10,741,228 10,724,359 10,710,673
Number of shares outstanding (shares) 10,741,228 10,724,359 10,710,673
Book value per common share (usd per share) $ 15.25 $ 15.06 $ 14.70
Tangible book value per common share (usd per share) $ 12.45 $ 12.25 $ 11.87