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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Sep. 30, 2016
Assets      
Cash and cash equivalents $ 22,375 $ 17,366 $ 23,456
Interest bearing deposits in other banks 584 293 15,098
Securities available for sale 298,999 300,416 282,293
Securities to be held to maturity (fair value of $245,021,000 at September 30, 2017, $225,537,000 at December 31, 2016 and $195,797,000 at September 30, 2016) 242,679 226,828 188,770
Restricted equity securities, at cost 10,798 11,930 14,048
Loans held for sale 434 782 1,228
Loans 1,121,086 1,071,526 1,028,992
Less allowance for loan losses 11,012 10,138 10,298
Net loans 1,110,074 1,061,388 1,018,694
Accrued interest receivable 5,820 5,532 5,079
Premises and equipment, net 21,731 22,202 21,779
Other real estate owned 320 375 855
Goodwill 29,805 29,805 29,805
Other assets 38,082 35,958 33,983
Total assets 1,781,701 1,712,875 1,635,088
Liabilities      
Demand deposits 193,089 140,482 158,476
NOW deposits 291,403 282,971 295,708
Money market deposits 134,257 125,544 76,685
Savings deposits 234,456 217,340 218,425
Certificates of deposit 496,844 476,620 424,455
Total deposits 1,350,049 1,242,957 1,173,749
Borrowed funds – short term 119,207 158,774 137,970
Borrowed funds – long term 115,121 120,127 130,128
Other liabilities 17,442 18,496 17,247
Total liabilities 1,601,819 1,540,354 1,459,094
Shareholders' equity      
Common stock, one cent par value per share 108 108 108
Additional paid-in capital 61,446 60,723 60,500
Retained earnings 118,360 111,693 112,900
Accumulated other comprehensive income (loss)      
Net unrealized gain (loss) on securities available-for-sale (825) (935) 2,708
Net unrealized loss on securities transferred from available for sale to held to maturity (140) (129) (124)
Net unrealized gain on cash flow hedging derivative instruments 1,035 1,163 58
Net unrealized loss on postretirement benefit costs (102) (102) (156)
Total shareholders' equity 179,882 172,521 175,994
Total liabilities & shareholders' equity $ 1,781,701 $ 1,712,875 $ 1,635,088
Common Stock      
Number of shares authorized (in shares) 18,000,000 18,000,000 18,000,000
Number of shares outstanding (in shares) 10,824,724 10,793,946 10,788,329
Book value per common share (usd per share) $ 16.62 $ 15.98 $ 16.31
Tangible book value per common share (usd per share) $ 13.84 $ 13.20 $ 13.53