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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Jun. 30, 2017
Assets      
Cash and cash equivalents $ 21,056 $ 19,207 $ 20,189
Interest bearing deposits in other banks 1,616 860 3,820
Securities available for sale 305,048    
Securities available for sale   300,172 308,146
Securities to be held to maturity (fair value of $256,316,000 at June 30, 2018, $259,655,000 at December 31, 2017 and $246,238,000 at June 30, 2017) 260,077 256,567 244,123
Restricted equity securities, at cost 12,363 10,358 12,311
Loans held for sale 481 386 865
Loans 1,224,440 1,164,139 1,120,665
Less allowance for loan losses 11,472 10,729 10,611
Net loans 1,212,968 1,153,410 1,110,054
Accrued interest receivable 7,723 5,867 7,192
Premises and equipment, net 21,682 22,502 21,367
Other real estate owned 609 1,012 324
Goodwill 29,805 29,805 29,805
Other assets 40,533 42,784 37,455
Total assets 1,913,961 1,842,930 1,795,651
Liabilities      
Demand deposits 146,964 145,332 137,061
NOW deposits 282,449 318,043 293,553
Money market deposits 100,378 163,898 134,760
Savings deposits 229,464 232,605 226,391
Certificates of deposit 657,391 559,001 527,494
Total deposits 1,416,646 1,418,879 1,319,259
Borrowed funds – short term 232,339 113,638 157,154
Borrowed funds – long term 65,116 115,120 125,123
Other liabilities 16,556 13,972 16,578
Total liabilities 1,730,657 1,661,609 1,618,114
Shareholders' equity      
Common stock, one cent par value per share 109 108 108
Additional paid-in capital 62,246 61,747 61,218
Retained earnings 126,464 121,144 115,980
Accumulated other comprehensive income (loss)      
Net unrealized loss on securities available for sale (7,245) (2,901) (585)
Net unrealized loss on securities transferred from available for sale to held to maturity (189) (174) (137)
Net unrealized gain on cash flow hedging derivative instruments 2,066 1,544 1,055
Net unrealized loss on postretirement benefit costs (147) (147) (102)
Total shareholders' equity 183,304 181,321 177,537
Total liabilities & shareholders' equity $ 1,913,961 $ 1,842,930 $ 1,795,651
Common Stock      
Number of shares authorized (in shares) 18,000,000 18,000,000 18,000,000
Number of shares issued (in shares) 10,851,917 10,829,918 10,819,443
Number of shares outstanding (in shares) 10,851,917 10,829,918 10,819,443
Book value per common share (usd per share) $ 16.89 $ 16.74 $ 16.41
Tangible book value per common share (usd per share) $ 14.13 $ 13.97 $ 13.63