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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Assets      
Cash and cash equivalents $ 19,169 $ 13,057 $ 17,167
Interest bearing deposits in other banks 301 3,559 773
Securities available for sale 215,933 185,261 190,920
Securities to be held to maturity (fair value of $248,344,000 at September 30, 2015, $279,704,000 at December 31, 2014 and $280,779,000 at September 30, 2014) 245,322 275,919 281,740
Restricted equity securities, at cost 13,912 13,912 13,912
Loans held for sale 200 0 383
Loans 963,151 917,564 908,115
Less allowance for loan losses 9,677 10,344 11,641
Total loans 953,474 907,220 896,474
Accrued interest receivable 5,189 4,748 5,141
Premises and equipment, net 21,704 22,619 22,721
Other real estate owned 1,916 3,785 4,557
Goodwill 29,805 29,805 29,805
Other assets 32,747 22,246 25,044
Total assets 1,539,672 1,482,131 1,488,637
Liabilities      
Demand deposits 128,555 113,133 119,512
NOW deposits 246,155 199,977 213,694
Money market deposits 95,217 98,607 99,260
Savings deposits 199,131 165,601 159,080
Certificates of deposit 389,307 447,501 463,776
Total deposits 1,058,365 1,024,819 1,055,322
Borrowed funds – short term 152,233 189,775 168,493
Borrowed funds – long term 145,136 90,141 90,143
Other liabilities 16,797 15,842 15,489
Total liabilities 1,372,531 1,320,577 1,329,447
Shareholders' equity      
Common stock, one cent par value per share 107 107 107
Additional paid-in capital 59,667 59,282 59,053
Retained earnings 105,273 99,816 98,643
Accumulated other comprehensive income (loss)      
Net unrealized gain on securities available for sale 2,318 2,522 1,227
Net unrealized loss on securities transferred from available for sale to held to maturity (99) (48) (28)
Net unrealized gain (loss) on postretirement benefit costs (125) (125) 188
Total shareholders' equity 167,141 161,554 159,190
Total liabilities & shareholders' equity $ 1,539,672 $ 1,482,131 $ 1,488,637
Common Stock      
Number of shares authorized (shares) 18,000,000 18,000,000 18,000,000
Number of shares issued (shares) 10,747,495 10,724,359 10,717,787
Number of shares outstanding (shares) 10,747,495 10,724,359 10,717,787
Book value per common share (usd per share) $ 15.55 $ 15.06 $ 14.85
Tangible book value per common share (usd per share) $ 12.75 $ 12.25 $ 12.03