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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Assets      
Cash and cash equivalents $ 23,456 $ 14,299 $ 19,169
Interest bearing deposits in other banks 15,098 4,013 301
Securities available for sale 282,293 223,039 215,933
Securities to be held to maturity (fair value of $195,797,000 at September 30, 2016, $243,123,000 at December 31, 2015 and $248,344,000 at September 30, 2015) 188,770 240,023 245,322
Restricted equity securities, at cost 14,048 14,257 13,912
Loans held for sale 1,228 349 200
Loans 1,028,992 988,638 963,151
Less allowance for loan losses 10,298 9,916 9,677
Net loans 1,018,694 978,722 953,474
Accrued interest receivable 5,079 4,912 5,189
Premises and equipment, net 21,779 21,816 21,704
Other real estate owned 855 1,532 1,916
Goodwill 29,805 29,805 29,805
Other assets 33,983 32,043 32,747
Total assets 1,635,088 1,564,810 1,539,672
Liabilities      
Demand deposits 158,476 130,566 128,555
NOW deposits 295,708 242,638 246,155
Money market deposits 76,685 92,994 95,217
Savings deposits 218,425 206,009 199,131
Certificates of deposit 424,455 370,982 389,307
Total deposits 1,173,749 1,043,189 1,058,365
Borrowed funds – short term 137,970 222,323 152,233
Borrowed funds – long term 130,128 115,134 145,136
Other liabilities 17,247 16,666 16,797
Total liabilities 1,459,094 1,397,312 1,372,531
Shareholders' equity      
Common stock, one cent par value per share 108 108 107
Additional paid-in capital 60,500 59,862 59,667
Retained earnings 112,900 106,673 105,273
Accumulated other comprehensive income (loss)      
Net unrealized gain on securities available for sale 2,708 1,123 2,318
Net unrealized loss on securities transferred from available for sale to held to maturity (124) (112) (99)
Net unrealized gain on cash flow hedging derivative instruments 58 0 0
Net unrealized loss on postretirement benefit costs (156) (156) (125)
Total shareholders' equity 175,994 167,498 167,141
Total liabilities & shareholders' equity $ 1,635,088 $ 1,564,810 $ 1,539,672
Common Stock      
Number of shares authorized (shares) 18,000,000 18,000,000 18,000,000
Number of shares issued (shares) 10,788,329 10,753,855 10,747,495
Number of shares outstanding (shares) 10,788,329 10,753,855 10,747,495
Book value per common share (usd per share) $ 16.31 $ 15.58 $ 15.55
Tangible book value per common share (usd per share) $ 13.53 $ 12.78 $ 12.75