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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from depository institutions $ 23,806 $ 26,234
Interest bearing deposits 2,699 2,698
Short-term investments in money market funds 4,729 5,256
Total cash and cash equivalents 31,234 34,188
Investment securities:    
Available for sale, at fair value 138,753 129,138
Held to maturity (fair value $37,345 on September 30, 2018 and $38,811 on December 31, 2017) 38,673 38,752
Loans held for sale 1,041 3,125
Loans 883,672 890,032
Less: Unearned income 339 399
Allowance for loan losses 9,439 10,214
Net loans 873,894 879,419
Premises and equipment, net 12,276 12,734
Accrued interest income receivable 4,007 3,603
Goodwill 11,944 11,944
Bank owned life insurance 38,260 37,860
Net deferred tax asset 5,985 5,963
Federal Home Loan Bank stock 5,010 4,675
Federal Reserve Bank stock 2,125 2,125
Other assets 5,604 4,129
TOTAL ASSETS 1,168,806 1,167,655
LIABILITIES    
Non-interest bearing deposits 152,959 183,603
Interest bearing deposits 791,254 764,342
Total deposits 944,213 947,945
Short-term borrowings 61,254 49,084
Advances from Federal Home Loan Bank 42,545 46,229
Guaranteed junior subordinated deferrable interest debentures, net 12,935 12,923
Subordinated debt, net 7,482 7,465
Total borrowed funds 124,216 115,701
Other liabilities 3,198 8,907
TOTAL LIABILITIES 1,071,627 1,072,553
SHAREHOLDERS' EQUITY    
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,609,811 shares issued and 17,767,313 outstanding on September 30, 2018; 26,585,403 shares issued and 18,128,247 outstanding on December 31, 2017 266 266
Treasury stock at cost, 8,842,498 shares on September 30, 2018 and 8,457,156 on December 31, 2017 (79,941) (78,233)
Capital surplus 145,779 145,707
Retained earnings 45,160 40,312
Accumulated other comprehensive loss, net [1] (14,085) (12,950)
TOTAL SHAREHOLDERS' EQUITY 97,179 95,102
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,168,806 $ 1,167,655
[1] Amounts in parentheses indicate debits on the Consolidated Balance Sheets.