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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 30,605 $ 23,745
Interest earning deposits with banks and other short-term investments 119,578 130,714
Total cash and cash equivalents 150,183 154,459
Investments:    
Securities available for sale, at fair value 283,454 203,473
Securities held to maturity (fair value of $120,093 and $139,171) 119,674 138,421
Total investments 403,128 341,894
Loans 1,414,280 1,182,334
Less: Allowance for loan losses 12,040 11,833
Net loans 1,402,240 1,170,501
Federal Home Loan Bank stock 3,797 4,378
Bank premises and equipment, net 15,030 15,492
Investment in real estate limited partnerships 5,687 5,196
Bank owned life insurance 10,551 10,311
Core deposit intangible 1,360  
Goodwill 6,967  
Other assets 22,294 21,233
Total assets 2,021,237 1,723,464
LIABILITIES    
Demand (noninterest bearing) 631,244 566,366
Savings, interest bearing checking and money market accounts 665,623 530,722
Time deposits 254,572 211,684
Total deposits 1,551,439 1,308,772
Securities sold under agreements to repurchase and short-term debt 286,639 258,464
Other long-term debt 5,238 2,320
Junior subordinated debentures issued to unconsolidated subsidiary trust 20,619 20,619
Other liabilities 9,248 7,468
Total liabilities 1,873,183 1,597,643
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value Authorized 10,000,000 shares; issued 7,168,869 and 6,651,760 at December 31, 2015 and December 31, 2014 respectively Outstanding: 6,855,294 at December 31, 2015 and 6,327,226 at December 31, 2014 72 67
Capital in excess of par value 55,063 37,404
Retained earnings 106,219 100,697
Treasury stock, at cost: 313,575 shares at December 31, 2015 and 324,534 shares at December 31, 2014 (13,798) (13,865)
Deferred compensation arrangements: 299,360 shares at December 31, 2015 and 308,670 shares at December 31, 2014 6,521 6,566
Accumulated other comprehensive (loss) income 6,023 5,048
Total shareholders' equity 148,054 125,821
Total liabilities and shareholders' equity $ 2,021,237 $ 1,723,464