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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and due from depository institutions $ 16,782 $ 23,780
Interest bearing deposits 2,966 2,952
Short-term investments in money market funds 12,000 6,140
Total cash and cash equivalents 31,748 32,872
Investment securities:    
Available for sale 114,652 127,110
Held to maturity (fair value $20,771 on September 30, 2015 and $20,213 on December 31, 2014) 20,361 19,840
Loans held for sale 2,913 5,051
Loans 865,890 827,634
Less: Unearned income 590 554
Allowance for loan losses 9,772 9,623
Net loans 855,528 817,457
Premises and equipment, net 12,362 13,012
Accrued interest income receivable 3,315 3,127
Goodwill 11,944 11,944
Bank owned life insurance 37,266 37,417
Net deferred tax asset 8,284 9,548
Federal Home Loan Bank stock 4,661 4,048
Federal Reserve Bank stock 2,125 2,125
Other assets 5,684 5,712
TOTAL ASSETS 1,110,843 1,089,263
LIABILITIES    
Non-interest bearing deposits 158,374 167,551
Interest bearing deposits 711,525 702,330
Total deposits 869,899 869,881
Short-term borrowings 52,988 38,880
Advances from Federal Home Loan Bank 48,000 42,000
Guaranteed junior subordinated deferrable interest debentures 13,085 13,085
Total borrowed funds 114,073 93,965
Other liabilities 7,463 11,010
TOTAL LIABILITIES 991,435 974,856
SHAREHOLDERS' EQUITY    
Preferred stock, no par value; $1,000 per share liquidation preference; 2,000,000 shares authorized; 21,000 shares issued and outstanding on September 30, 2015 and December 31, 2014 21,000 21,000
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,488,630 shares issued and 18,870,811 outstanding on September 30, 2015; 26,402,707 shares issued and 18,784,888 outstanding on December 31, 2014 265 264
Treasury stock at cost, 7,617,819 shares on September 30, 2015 and December 31, 2014 (74,829) (74,829)
Capital surplus 145,434 145,256
Retained earnings 33,518 29,618
Accumulated other comprehensive loss, net (5,980) (6,902)
TOTAL SHAREHOLDERS' EQUITY 119,408 114,407
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,110,843 $ 1,089,263