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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Assets      
Cash and cash equivalents $ 17,600 $ 17,366 $ 14,533
Interest bearing deposits in other banks 3,272 293 6,372
Securities available for sale 312,624 300,416 216,725
Securities to be held to maturity (fair value of $239,378,000 at March 31, 2017, $225,537,000 at December 31, 2016 and $243,337,000 at March 31, 2016) 240,829 226,828 236,611
Restricted equity securities, at cost 13,363 11,930 13,875
Loans held for sale 979 782 224
Loans 1,089,735 1,071,526 1,004,942
Less allowance for loan losses 10,367 10,138 10,219
Net loans 1,079,368 1,061,388 994,723
Accrued interest receivable 6,854 5,532 6,271
Premises and equipment, net 21,760 22,202 21,392
Other real estate owned 525 375 1,592
Goodwill 29,805 29,805 29,805
Other assets 36,849 35,958 32,558
Total assets 1,763,828 1,712,875 1,574,681
Liabilities      
Demand deposits 181,188 140,482 116,756
NOW deposits 273,050 282,971 240,112
Money market deposits 142,220 125,544 74,643
Savings deposits 222,976 217,340 205,218
Certificates of deposit 527,049 476,620 472,712
Total deposits 1,346,483 1,242,957 1,109,441
Borrowed funds – short term 106,342 158,774 151,399
Borrowed funds – long term 120,125 120,127 125,132
Other liabilities 16,025 18,496 17,164
Total liabilities 1,588,975 1,540,354 1,403,136
Shareholders' equity      
Common stock, one cent par value per share 108 108 108
Additional paid-in capital 60,991 60,723 60,064
Retained earnings 113,697 111,693 108,677
Accumulated other comprehensive income (loss)      
Net unrealized gain (loss) on securities available for sale (934) (935) 2,975
Net unrealized loss on securities transferred from available for sale to held to maturity (133) (129) (123)
Net unrealized gain on cash flow hedging derivative instruments 1,226 1,163 0
Net unrealized loss on postretirement benefit costs (102) (102) (156)
Total shareholders' equity 174,853 172,521 171,545
Total liabilities & shareholders' equity $ 1,763,828 $ 1,712,875 $ 1,574,681
Common Stock      
Number of shares authorized (shares) 18,000,000 18,000,000 18,000,000
Number of shares outstanding (shares) 10,814,132 10,793,946 10,775,307
Book value per common share (usd per share) $ 16.17 $ 15.98 $ 15.92
Tangible book value per common share (usd per share) $ 13.39 $ 13.20 $ 13.13