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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Cash and cash equivalents:    
Cash and due from banks $ 37,205 $ 17,840
Federal funds sold 823 271
Cash and cash equivalents 38,028 18,111
Investment securities:    
Available for sale, at fair value 381,535 397,473
Held to maturity, at cost (estimated fair value of $118,557 and $99,906, respectively) 120,121 101,863
Investment securities 501,656 499,336
Federal Home Loan Bank stock, at cost 2,351 1,816
Loans held for sale 1,308 0
Loans, net of unearned income 1,149,014 948,921
Less: allowance for loan losses 9,225 11,114
Net loans 1,139,789 937,807
Premises and equipment, net 38,020 23,519
Goodwill 3,472 1,999
Intangible assets, net 4,424 1,056
Other real estate, net 1,281 359
Accrued interest receivable 7,982 7,039
Other assets 12,119 9,904
Total Assets 1,750,430 1,500,946
Deposits:    
Noninterest-bearing demand 251,617 231,094
Interest-bearing demand 611,677 479,810
Savings 104,661 97,280
Time 581,331 517,997
Total deposits 1,549,286 1,326,181
Short-term borrowings 15,500 6,500
Accrued interest payable 2,488 1,931
Senior long-term debt 22,774 22,100
Junior subordinated debentures 14,664 14,630
Other liabilities 1,735 5,255
Total Liabilities 1,606,447 1,376,597
Common stock:    
$1 par value - authorized 100,600,000 shares; issued 8,807,175 and 8,369,424 shares [1] 8,807 8,369
Surplus 92,268 81,000
Retained earnings 44,464 38,979
Accumulated other comprehensive income (loss) (1,556) (3,999)
Total Shareholders' Equity 143,983 124,349
Total Liabilities and Shareholders' Equity $ 1,750,430 $ 1,500,946
[1] All share amounts have been restated to reflect the ten percent stock dividend paid December 14, 2017 to shareholders of record as of December 8, 2017.