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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Assets      
Cash and cash equivalents $ 20,838 $ 14,299 $ 16,481
Interest bearing deposits in other banks 7,568 4,013 24,565
Securities available for sale 241,327 223,039 213,814
Securities to be held to maturity (fair value of $225,200,000 at June 30, 2016, $243,123,000 at December 31, 2015 and $248,698,000 at June 30, 2015) 216,272 240,023 249,250
Restricted equity securities, at cost 14,441 14,257 13,912
Loans held for sale 1,553 349 0
Loans 1,038,213 988,638 963,109
Less allowance for loan losses 10,198 9,916 9,908
Net loans 1,028,015 978,722 953,201
Accrued interest receivable 6,372 4,912 6,180
Premises and equipment, net 21,118 21,816 21,946
Other real estate owned 1,129 1,532 2,192
Goodwill 29,805 29,805 29,805
Other assets 33,016 32,043 21,994
Total assets 1,621,454 1,564,810 1,553,340
Liabilities      
Demand deposits 130,168 130,566 107,244
NOW deposits 254,136 242,638 221,964
Money market deposits 73,030 92,994 102,219
Savings deposits 208,826 206,009 186,777
Certificates of deposit 479,549 370,982 478,119
Total deposits 1,145,709 1,043,189 1,096,323
Borrowed funds – short term 132,965 222,323 132,876
Borrowed funds – long term 150,130 115,134 145,137
Other liabilities 17,862 16,666 15,195
Total liabilities 1,446,666 1,397,312 1,389,531
Shareholders' equity      
Common stock, one cent par value per share 108 108 107
Additional paid-in capital 60,284 59,862 59,475
Retained earnings 110,820 106,673 103,448
Accumulated other comprehensive income (loss)      
Net unrealized gain on securities available for sale 4,000 1,123 988
Net unrealized loss on securities transferred from available for sale to held to maturity (133) (112) (84)
Net unrealized loss on cash flow hedging derivative instruments (135) 0 0
Net unrealized loss on postretirement benefit costs (156) (156) (125)
Total shareholders' equity 174,788 167,498 163,809
Total liabilities & shareholders' equity $ 1,621,454 $ 1,564,810 $ 1,553,340
Common Stock      
Number of shares authorized (shares) 18,000,000 18,000,000 18,000,000
Number of shares issued (shares) 10,782,226 10,753,855 10,741,228
Number of shares outstanding (shares) 10,782,226 10,753,855 10,741,228
Book value per common share (usd per share) $ 16.21 $ 15.58 $ 15.25
Tangible book value per common share (usd per share) $ 13.42 $ 12.78 $ 12.45