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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2018
Assets      
Cash and cash equivalents $ 16,918 $ 19,134 $ 21,056
Interest bearing deposits in other banks 917 12,079 1,616
Securities available for sale 322,570 317,416 302,070
Securities to be held to maturity (fair value of $308,075,000 at June 30, 2019, $250,900,000 at December 31, 2018 and $256,316,000 at June 30, 2018) 302,527 255,663 260,077
Restricted equity securities, at cost 8,982 11,586 12,363
Loans held for sale 0 0 481
Loans 1,249,132 1,238,283 1,224,440
Less allowance for loan losses 11,471 11,232 11,472
Net loans 1,237,661 1,227,051 1,212,968
Accrued interest receivable 9,966 6,660 7,723
Premises and equipment, net 21,045 22,056 21,682
Other real estate owned 289 584 609
Goodwill 29,805 29,805 29,805
Other assets 48,019 42,536 43,511
Total assets 1,998,699 1,944,570 1,913,961
Liabilities      
Demand deposits 147,771 163,575 146,964
NOW deposits 363,092 382,923 282,449
Money market deposits 128,180 152,043 100,378
Savings deposits 236,915 237,135 229,464
Certificates of deposit 716,998 591,409 657,391
Total certificates of deposits 1,592,956 1,527,085 1,416,646
Borrowed funds – short term 171,749 145,205 232,339
Borrowed funds – long term 10,109 65,112 65,116
Other liabilities 19,292 15,626 16,556
Total liabilities 1,794,106 1,753,028 1,730,657
Shareholders' equity      
Common stock, one cent par value per share 109 109 109
Additional paid-in capital 63,319 62,746 62,246
Retained earnings 138,493 132,460 126,464
Accumulated other comprehensive income (loss)      
Net unrealized gain (loss) on securities available for sale 2,750 (5,051) (7,245)
Net unrealized loss on securities transferred from available for sale to held to maturity (190) (197) (189)
Net unrealized gain on cash flow hedging derivative instruments 75 1,438 2,066
Net unrealized gain (loss) on postretirement benefit costs 37 37 (147)
Total shareholders' equity 204,593 191,542 183,304
Total liabilities & shareholders' equity $ 1,998,699 $ 1,944,570 $ 1,913,961
Common Stock      
Number of shares authorized (in shares) 18,000,000 18,000,000 18,000,000
Number of shares outstanding (in shares) 10,890,236 10,862,651 10,851,917
Number of shares issued (in shares) 10,890,236 10,862,651 10,851,917
Book value per common share (usd per share) $ 18.79 $ 17.63 $ 16.89
Tangible book value per common share (usd per share) $ 16.04 $ 14.87 $ 14.13