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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from depository institutions $ 23,443 $ 23,780
Interest bearing deposits 6,960 2,952
Short-term investments in money market funds 18,107 6,140
Cash and cash equivalents 48,510 32,872
Investment securities:    
Available for sale 119,467 127,110
Held to maturity (fair value $21,533 at December 31, 2015 and $20,213 at December 31, 2014) 21,419 19,840
Loans held for sale 3,003 5,051
Loans 881,541 827,634
Less: Unearned income 557 554
Allowance for loan losses 9,921 9,623
Net loans 871,063 817,457
Premises and equipment, net 12,108 13,012
Accrued interest income receivable 3,057 3,127
Goodwill 11,944 11,944
Bank owned life insurance 37,228 37,417
Net deferred tax asset 8,993 9,548
Federal Home Loan Bank stock 4,628 4,048
Federal Reserve Bank stock 2,125 2,125
Other assets 5,377 5,712
TOTAL ASSETS 1,148,922 1,089,263
LIABILITIES    
Non-interest bearing deposits 188,947 167,551
Interest bearing deposits 714,347 702,330
Total deposits 903,294 869,881
Short-term borrowings 48,748 38,880
Advances from Federal Home Loan Bank 48,000 42,000
Guaranteed junior subordinated deferrable interest debentures 13,085 13,085
Subordinated debt 7,650 0
Total borrowed funds 117,483 93,965
Other liabilities 9,172 11,010
TOTAL LIABILITIES 1,029,949 974,856
STOCKHOLDERS' EQUITY    
Preferred stock, no par value; $1,000 per share liquidation preference; 2,000,000 shares authorized; there were 21,000 shares issued and outstanding on December 31, 2015 and 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 shares outstanding on December 31, 2015; 26,412,707 shares issued and 18,794,888 shares outstanding on December 31, 2014 265 264
Treasury stock at cost, 7,617,819 shares on December 31, 2015 and 2014 (74,829) (74,829)
Capital surplus 145,441 145,256
Retained earnings 34,651 29,618
Accumulated other comprehensive loss, net [1] (7,555) (6,902)
TOTAL STOCKHOLDERS' EQUITY 118,973 114,407
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,148,922 $ 1,089,263
[1] Amounts in parentheses indicate debits on the Consolidated Balance Sheets.