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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Jun. 30, 2016
Assets      
Cash and cash equivalents $ 20,189 $ 17,366 $ 20,838
Interest bearing deposits in other banks 3,820 293 7,568
Securities available for sale 308,146 300,416 241,327
Securities to be held to maturity (fair value of $246,238,000 at June 30, 2017, $225,537,000 at December 31, 2016 and $225,200,000 at June 30, 2016) 244,123 226,828 216,272
Restricted equity securities, at cost 12,311 11,930 14,441
Loans held for sale 865 782 1,553
Loans 1,120,665 1,071,526 1,038,213
Less allowance for loan losses 10,611 10,138 10,198
Net loans 1,110,054 1,061,388 1,028,015
Accrued interest receivable 7,192 5,532 6,372
Premises and equipment, net 21,367 22,202 21,118
Other real estate owned 324 375 1,129
Goodwill 29,805 29,805 29,805
Other assets 37,455 35,958 33,016
Total assets 1,795,651 1,712,875 1,621,454
Liabilities      
Demand deposits 180,298 140,482 130,168
NOW deposits 250,316 282,971 254,136
Money market deposits 134,760 125,544 73,030
Savings deposits 226,391 217,340 208,826
Certificates of deposit 527,494 476,620 479,549
Total deposits 1,319,259 1,242,957 1,145,709
Borrowed funds – short term 157,154 158,774 132,965
Borrowed funds – long term 125,123 120,127 150,130
Other liabilities 16,578 18,496 17,862
Total liabilities 1,618,114 1,540,354 1,446,666
Shareholders' equity      
Common stock, one cent par value per share 108 108 108
Additional paid-in capital 61,218 60,723 60,284
Retained earnings 115,980 111,693 110,820
Accumulated other comprehensive income (loss)      
Net unrealized gain (loss) on securities available for sale (585) (935) 4,000
Net unrealized loss on securities transferred from available for sale to held to maturity (137) (129) (133)
Net unrealized gain (loss) on cash flow hedging derivative instruments 1,055 1,163 (135)
Net unrealized loss on postretirement benefit costs (102) (102) (156)
Total shareholders' equity 177,537 172,521 174,788
Total liabilities & shareholders' equity $ 1,795,651 $ 1,712,875 $ 1,621,454
Common Stock      
Number of shares authorized (in shares) 18,000,000 18,000,000 18,000,000
Number of shares outstanding (in shares) 10,819,443 10,793,946 10,782,226
Book value per common share (usd per share) $ 16.41 $ 15.98 $ 16.21
Tangible book value per common share (usd per share) $ 13.63 $ 13.20 $ 13.42