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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 $ 25,581 $ 25,666
Interest bearing deposits in other banks 58,154 62,696
Federal funds sold and securities purchased under agreements to resell 0 6,622
Money market mutual funds 36,673 18,550
Total cash and cash equivalents 120,408 113,534
Investment securities:    
Available for sale, amortized cost of $428,695 (2017) and $486,038 (2016) 424,253 480,864
Held to maturity, fair value of $3,478 (2017) and $3,597 (2016) 3,364 3,488
Total investment securities 427,617 484,352
Loans, net of unearned income 1,035,263 970,975
Allowance for loan losses (9,783) (9,344)
Loans, net 1,025,480 961,631
Premises and equipment, net 30,928 31,900
Company-owned life insurance 30,817 30,914
Other real estate owned 5,489 10,673
Other assets 33,133 38,026
Total assets 1,673,872 1,671,030
Deposits:    
Noninterest Bearing 361,855 334,676
Interest bearing 1,018,048 1,035,231
Total deposits 1,379,903 1,369,907
Securities sold under agreements to repurchase 34,252 36,370
Federal Home Loan Bank advances 3,479 18,646
Subordinated notes payable 33,506 33,506
Dividends payable, common stock 939 751
Other liabilities 28,440 27,784
Total liabilities 1,480,519 1,486,964
Commitments and contingencies (Notes 15 and 17)
Shareholders’ Equity    
Common stock, par value $.125 per share; 14,608,000 shares authorized; 7,517,446 and 7,509,444 shares issued and outstanding at December 31, 2017 and 2016, respectively 940 939
Capital surplus 52,201 51,885
Retained earnings 143,778 134,650
Accumulated other comprehensive loss (3,566) (3,408)
Total shareholders’ equity 193,353 184,066
Total liabilities and shareholders’ equity $ 1,673,872 $ 1,671,030