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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Assets      
Cash and cash equivalents $ 15,270 $ 19,134 $ 16,559
Interest bearing deposits in other banks 231 12,079 280
Securities available for sale 325,276 317,416  
Securities available for sale     300,839
Securities to be held to maturity (fair value of $282,568,000 at March 31, 2019, $250,900,000 at December 31, 2018 and $255,851,000 at March 31, 2018) 281,219 255,663 258,690
Restricted equity securities, at cost 8,982 11,586 11,947
Loans held for sale 436 0 284
Loans 1,264,639 1,238,283 1,188,002
Less allowance for loan losses 11,490 11,232 10,957
Net loans 1,253,149 1,227,051 1,177,045
Accrued interest receivable 9,307 6,660 7,222
Premises and equipment, net 21,767 22,056 22,043
Other real estate owned 584 584 1,121
Goodwill 29,805 29,805 29,805
Other assets 45,319 42,536 45,980
Total assets 1,991,345 1,944,570 1,871,815
Liabilities      
Demand deposits 148,500 163,575 137,674
NOW deposits 371,305 382,923 314,587
Money market deposits 137,700 152,043 108,726
Savings deposits 236,894 237,135 232,458
Certificates of deposit 712,476 591,409 634,747
Total certificates of deposits 1,606,875 1,527,085 1,428,192
Borrowed funds – short term 160,309 145,205 129,112
Borrowed funds – long term 10,110 65,112 115,117
Other liabilities 16,264 15,626 18,022
Total liabilities 1,793,558 1,753,028 1,690,443
Shareholders' equity      
Common stock, one cent par value per share 109 109 108
Additional paid-in capital 63,037 62,746 61,999
Retained earnings 135,364 132,460 123,876
Accumulated other comprehensive income (loss)      
Net unrealized loss on securities available for sale (1,539) (5,051) (6,210)
Net unrealized loss on securities transferred from available for sale to held to maturity (194) (197) (182)
Net unrealized gain on cash flow hedging derivative instruments 973 1,438 1,928
Net unrealized gain (loss) on postretirement benefit costs 37 37 (147)
Total shareholders' equity 197,787 191,542 181,372
Total liabilities & shareholders' equity $ 1,991,345 $ 1,944,570 $ 1,871,815
Common Stock      
Number of shares authorized (in shares) 18,000,000 18,000,000 18,000,000
Number of shares issued and outstanding (in shares) 10,884,381 10,862,651 10,846,562
Book value per common share (usd per share) $ 18.17 $ 17.63 $ 16.72
Tangible book value per common share (usd per share) $ 15.42 $ 14.87 $ 13.95