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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 26,116 $ 30,605
Interest earning deposits with banks and other short-term investments 56,837 119,578
Total cash and cash equivalents 82,953 150,183
Investments:    
Securities available for sale, at fair value (amortized cost of $334,846 and $283,185) 333,998 283,454
Securities held to maturity (fair value of $85,749 and $120,093) 85,694 119,674
Total investments 419,692 403,128
Loans 1,514,209 1,414,280
Less: Allowance for loan losses 12,659 12,040
Net loans 1,501,550 1,402,240
Federal Home Loan Bank stock 4,976 3,797
Bank premises and equipment, net 13,078 15,030
Investment in real estate limited partnerships 6,356 5,687
Bank owned life insurance 10,758 10,551
Core deposit intangible 1,156 1,360
Goodwill 7,011 6,967
Other assets 15,128 22,294
Total assets 2,062,658 2,021,237
Deposits:    
Demand (noninterest bearing) 640,922 631,244
Savings, interest bearing checking and money market accounts 687,340 665,623
Time deposits 199,208 254,572
Total deposits 1,527,470 1,551,439
Short-term borrowings 40,000  
Securities sold under agreement to repurchase, short-term 312,118 286,639
Other long-term debt 3,651 5,238
Junior subordinated debentures issued to unconsolidated subsidiary trust 20,619 20,619
Other liabilities 2,297 9,248
Total liabilities 1,906,155 1,873,183
STOCKHOLDERS' EQUITY    
Common stock, $.01 par value Authorized: 10,000,000 shares; Issued: 7,184,922 at December 31, 2016 and 7,168,869 at December 31, 2015 Outstanding: 6,887,856 at December 31, 2016 and 6,855,294 at December 31, 2015 72 72
Capital in excess of par value 55,806 55,063
Retained earnings 113,407 106,219
Treasury stock, at cost: 585,866 shares including 288,800 shares held by the Compensation Plan for Directors and Trustees at December 31, 2016 and 612,935 shares including 299,360 shares held by the Compensation Plan for Directors and Trustees at December 31, 2015 (13,670) (13,798)
Deferred compensation arrangements: 288,800 shares at December 31, 2016 and 299,360 shares at December 31, 2015 6,670 6,521
Accumulated other comprehensive loss (5,782) (6,023)
Total stockholders' equity 156,503 148,054
Total liabilities and stockholders' equity $ 2,062,658 $ 2,021,237