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Consolidated Statement of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 51,865 $ 50,188
Interest bearing deposits in banks 1,396 1,953
Cash and cash equivalents 53,261 52,141
Investment securities - available-for-sale (at fair value) 155,243 170,232
Investment securities - held to maturity (fair value $105,211 at March 31, 2016 and $106,742 at December 31, 2015) 101,521 105,560
Restricted investment in bank stock, at cost 5,881 5,904
Loans 900,597 879,023
Allowance for loan losses (12,256) (11,922)
Net loans 888,341 867,101
Premises and equipment, net 25,420 25,198
Goodwill and other intangible assets, net 11,004 11,004
Bank owned life insurance 40,469 40,150
Deferred tax assets 19,446 19,790
Other real estate owned 6,142 6,883
Accrued interest receivable and other assets 18,567 19,495
Total Assets 1,325,295 1,323,458
Liabilities:    
Non-interest bearing deposits 205,858 204,569
Interest bearing deposits 809,972 794,225
Total deposits 1,015,830 998,794
Short-term borrowings 29,554 35,828
Long-term borrowings 147,519 147,537
Accrued interest payable and other liabilities 21,250 20,528
Total Liabilities 1,214,153 1,202,687
Shareholders' Equity:    
Preferred stock - no par value;Authorized 2,000 shares of which 30 shares of Series A, $1,000 pershare liquidation preference, 9% cumulative, issued and outstanding 20 shares at March 31, 2016 and 30 shares at December 31, 2015 20,000 30,000
Common Stock - par value $.01 per share; Authorized 25,000 shares; issued and outstanding 6,255 shares at March 31, 2016 and December 31, 2015 63 63
Surplus 22,034 21,986
Retained earnings 86,747 85,551
Accumulated other comprehensive loss (17,702) (16,829)
Total Shareholders' Equity 111,142 120,771
Total Liabilities and Shareholders' Equity $ 1,325,295 $ 1,323,458