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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from depository institutions $ 18,067 $ 23,443
Interest bearing deposits 2,796 6,960
Short-term investments in money market funds 2,760 18,107
Total cash and cash equivalents 23,623 48,510
Investment securities:    
Available for sale 115,742 119,467
Held to maturity (fair value $23,800 on March 31, 2016 and $21,533 on December 31, 2015) 23,258 21,419
Loans held for sale 2,438 3,003
Loans 880,496 881,541
Less: Unearned income 524 557
Allowance for loan losses 9,520 9,921
Net loans 870,452 871,063
Premises and equipment, net 11,899 12,108
Accrued interest income receivable 3,295 3,057
Goodwill 11,944 11,944
Bank owned life insurance 37,396 37,228
Net deferred tax asset 9,560 8,993
Federal Home Loan Bank stock 4,647 4,628
Federal Reserve Bank stock 2,125 2,125
Other assets 5,322 4,952
TOTAL ASSETS 1,121,701 1,148,497
LIABILITIES    
Non-interest bearing deposits 180,348 188,947
Interest bearing deposits 726,425 714,347
Total deposits 906,773 903,294
Short-term borrowings 39,952 48,748
Advances from Federal Home Loan Bank 49,000 48,000
Guaranteed junior subordinated deferrable interest debentures, net 12,896 12,892
Subordinated debt, net 7,424 7,418
Total borrowed funds 109,272 117,058
Other liabilities 8,067 9,172
TOTAL LIABILITIES 1,024,112 1,029,524
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 December 31, 2015 0 21,000
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,512,380 shares issued and 18,894,561 outstanding on March 31, 2016; 26,488,630 shares issued and 18,870,811 outstanding on December 31, 2015 265 265
Treasury stock at cost, 7,617,819 shares on March 31, 2016 and December 31, 2015 (74,829) (74,829)
Capital surplus 145,496 145,441
Retained earnings 33,181 34,651
Accumulated other comprehensive loss, net [1] (6,524) (7,555)
TOTAL SHAREHOLDERS' EQUITY 97,589 118,973
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,121,701 $ 1,148,497
[1] Amounts in parentheses indicate debits on the Consolidated Balance Sheets.