XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 29,466 $ 26,116
Interest earning deposits with banks and other short-term investments 30,296 56,837
Total cash and cash equivalents 59,762 82,953
Investments:    
Securities available for sale, at fair value (amortized cost of $288,881 and $334,846) 287,989 333,998
Securities held to maturity (fair value of $81,088 and $85,749) 80,991 85,694
Total investments 368,980 419,692
Loans 1,542,718 1,514,209
Less: Allowance for loan losses 13,187 12,659
Net loans 1,529,531 1,501,550
Federal Home Loan Bank stock 7,044 4,976
Bank premises and equipment, net 12,597 13,078
Investment in real estate limited partnerships 7,560 6,356
Bank owned life insurance 10,805 10,758
Core deposit intangible 1,113 1,156
Goodwill 7,011 7,011
Other assets 19,141 15,128
Total assets 2,023,544 2,062,658
Deposits:    
Demand (noninterest bearing) 630,718 640,922
Savings, interest bearing checking and money market accounts 690,448 687,340
Time deposits 190,510 199,208
Total deposits 1,511,676 1,527,470
Short-term borrowings 75,000 40,000
Securities sold under agreement to repurchase, short-term 249,582 312,118
Other long-term debt 3,630 3,651
Junior subordinated debentures issued to unconsolidated subsidiary trust 20,619 20,619
Other liabilities 4,389 2,297
Total liabilities 1,864,896 1,906,155
STOCKHOLDERS' EQUITY    
Authorized: 10,000,000 shares; Issued: 7,202,556 at March 31, 2017 and 7,184,922 at December 31, 2016; Outstanding: 6,916,443 at March 31, 2017 and 6,887,856 at December 31, 2016 72 72
Capital in excess of par value 56,563 55,806
Retained earnings 115,085 113,407
Treasury stock, at cost: 549,981 shares including 263,868 shares held by the Deferred Compensation Plans for Non-Employee Directors and Trustees at March 31, 2017 and 585,866 shares including 288,800 shares held by the Deferred Compensation Plans for Non-Employee Directors and Trustees at December 31, 2016 (13,486) (13,670)
Deferred compensation arrangements: 263,868 shares at March 31, 2017 and 288,800 shares at December 31, 2016 6,071 6,670
Accumulated other comprehensive loss (5,657) (5,782)
Total stockholders' equity 158,648 156,503
Total liabilities and stockholders' equity 2,023,544 2,062,658
Preferred Class A non-voting    
STOCKHOLDERS' EQUITY    
Preferred stock
Preferred Class B voting    
STOCKHOLDERS' EQUITY    
Preferred stock