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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
Assets      
Cash and cash equivalents $ 14,533 $ 14,299 $ 13,855
Interest bearing deposits in other banks 6,372 4,013 336
Securities available for sale 216,725 223,039 156,317
Securities to be held to maturity (fair value of $243,337,000 at March 31, 2016, $243,123,000 at December 31, 2015 and $267,247,000 at March 31, 2015) 236,611 240,023 262,455
Restricted equity securities, at cost 13,875 14,257 13,912
Loans held for sale 224 349 0
Loans 1,004,942 988,638 939,169
Less allowance for loan losses 10,219 9,916 10,196
Total loans 994,723 978,722 928,973
Accrued interest receivable 6,271 4,912 5,724
Premises and equipment, net 21,392 21,816 22,270
Other real estate owned 1,592 1,532 2,899
Goodwill 29,805 29,805 29,805
Other assets 32,558 32,043 22,286
Total assets 1,574,681 1,564,810 1,458,832
Liabilities      
Demand deposits 116,756 130,566 100,939
NOW deposits 240,112 242,638 199,099
Money market deposits 74,643 92,994 101,292
Savings deposits 205,218 206,009 167,338
Certificates of deposit 472,712 370,982 398,157
Total deposits 1,109,441 1,043,189 966,825
Borrowed funds – short term 151,399 222,323 167,437
Borrowed funds – long term 125,132 115,134 145,139
Other liabilities 17,164 16,666 15,915
Total liabilities 1,403,136 1,397,312 1,295,316
Shareholders' equity      
Common stock, one cent par value per share 108 108 107
Additional paid-in capital 60,064 59,862 59,286
Retained earnings 108,677 106,673 101,736
Accumulated other comprehensive income (loss)      
Net unrealized gain on securities available for sale 2,975 1,123 2,579
Net unrealized loss on securities transferred from available for sale to held to maturity (123) (112) (67)
Net unrealized loss on postretirement benefit costs (156) (156) (125)
Total shareholders' equity 171,545 167,498 163,516
Total liabilities & shareholders' equity $ 1,574,681 $ 1,564,810 $ 1,458,832
Common Stock      
Number of shares authorized (shares) 18,000,000 18,000,000 18,000,000
Number of shares issued (shares) 10,775,307 10,753,855 10,734,419
Number of shares outstanding (shares) 10,775,307 10,753,855 10,734,419
Book value per common share (usd per share) $ 15.92 $ 15.58 $ 15.23
Tangible book value per common share (usd per share) $ 13.13 $ 12.78 $ 12.43