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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from depository institutions $ 21,675 $ 27,970
Interest bearing deposits 3,940 2,740
Short-term investments in money market funds 4,056 4,184
Total cash and cash equivalents 29,671 34,894
Investment securities:    
Available for sale, at fair value 154,025 146,731
Held to maturity (fair value $40,730 on March 31, 2019 and $40,324 on December 31, 2018) 40,528 40,760
Loans held for sale 619 847
Loans 862,882 862,604
Less: Unearned income 367 322
Allowance for loan losses 8,107 8,671
Net loans 854,408 853,611
Premises and equipment:    
Operating lease right-of-use asset 911 0
Financing lease right-of-use asset 3,272 0
Other premises and equipment, net 14,378 13,348
Accrued interest income receivable 3,932 3,489
Goodwill 11,944 11,944
Bank owned life insurance 38,523 38,395
Net deferred tax asset 4,323 3,637
Federal Home Loan Bank stock 4,035 4,520
Federal Reserve Bank stock 2,125 2,125
Other assets 4,988 6,379
TOTAL ASSETS 1,167,682 1,160,680
LIABILITIES    
Non-interest bearing deposits 152,695 150,627
Interest bearing deposits 805,084 798,544
Total deposits 957,779 949,171
Short-term borrowings 30,912 41,029
Advances from Federal Home Loan Bank 48,571 46,721
Operating lease liabilities 928 0
Financing lease liabilities 3,295 0
Guaranteed junior subordinated deferrable interest debentures, net 12,943 12,939
Subordinated debt, net 7,493 7,488
Total borrowed funds 104,142 108,177
Other liabilities 6,700 5,355
TOTAL LIABILITIES 1,068,621 1,062,703
SHAREHOLDERS' EQUITY    
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,643,495 shares issued and 17,540,676 shares outstanding on March 31, 2019; 26,609,811 shares issued and 17,619,303 shares outstanding on December 31, 2018 266 266
Treasury stock at cost, 9,102,819 shares on March 31, 2019 and 8,990,508 shares on December 31, 2018 (81,055) (80,579)
Capital surplus 145,870 145,782
Retained earnings 48,262 46,733
Accumulated other comprehensive loss, net [1] (14,282) (14,225)
TOTAL SHAREHOLDERS' EQUITY 99,061 97,977
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,167,682 $ 1,160,680
[1] Amounts in parentheses indicate debits on the Consolidated Balance Sheets.