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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Sep. 30, 2018
Assets      
Cash and cash equivalents $ 21,418 $ 19,134 $ 21,649
Interest bearing deposits in other banks 16,714 12,079 51,045
Securities available for sale 326,798 317,416 302,187
Securities to be held to maturity (fair value of $306,647,000 at September 30, 2019, $250,900,000 at December 31, 2018 and $249,890,000 at September 30, 2018) 298,786 255,663 257,395
Restricted equity securities, at cost 8,982 11,586 11,586
Loans held for sale 852 0 1,134
Loans 1,263,459 1,238,283 1,243,558
Less allowance for loan losses 11,765 11,232 11,682
Net loans 1,251,694 1,227,051 1,231,876
Accrued interest receivable 7,636 6,660 7,095
Premises and equipment, net 21,232 22,056 21,451
Other real estate owned 279 584 584
Goodwill 29,805 29,805 29,805
Other assets 49,031 42,536 46,047
Total assets 2,033,227 1,944,570 1,981,854
Liabilities      
Demand deposits 171,623 163,575 170,728
NOW deposits 400,514 382,923 357,834
Money market deposits 148,689 152,043 129,516
Savings deposits 240,691 237,135 237,424
Certificates of deposit 661,773 591,409 619,409
Total deposits 1,623,290 1,527,085 1,514,911
Borrowed funds – short term 171,310 145,205 200,160
Borrowed funds – long term 10,107 65,112 65,114
Other liabilities 20,031 15,626 17,008
Total liabilities 1,824,738 1,753,028 1,797,193
Shareholders' equity      
Common stock, one cent par value per share 109 109 109
Additional paid-in capital 63,602 62,746 62,497
Retained earnings 141,509 132,460 129,247
Accumulated other comprehensive income (loss)      
Net unrealized gain (loss) on securities available for sale 3,686 (5,051) (9,133)
Net unrealized loss on securities transferred from available for sale to held to maturity (189) (197) (194)
Net unrealized gain (loss) on cash flow hedging derivative instruments (265)    
Net unrealized gain (loss) on cash flow hedging derivative instruments   1,438 2,282
Net unrealized gain (loss) on postretirement benefit costs 37 37 (147)
Total shareholders' equity 208,489 191,542 184,661
Total liabilities & shareholders' equity $ 2,033,227 $ 1,944,570 $ 1,981,854
Common Stock      
Number of shares authorized (in shares) 18,000,000 18,000,000 18,000,000
Number of shares outstanding (in shares) 10,896,331 10,862,651 10,857,116
Number of shares issued (in shares) 10,896,331 10,862,651 10,857,116
Book value per common share (usd per share) $ 19.13 $ 17.63 $ 17.01
Tangible book value per common share (usd per share) $ 16.39 $ 14.87 $ 14.25