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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 14,433 $ 19,134
Interest-bearing deposits in other banks 11,310 12,079
Securities available for sale 360,520 317,416
Securities to be held to maturity (fair value of $287,045,000 at December 31, 2019, and $250,900,000 at December 31, 2018) 281,606 255,663
Restricted equity securities, at cost 8,982 11,586
Loans held for sale 154 0
Loans 1,297,075 1,238,283
Less allowance for loan losses 11,639 11,232
Net loans 1,285,436 1,227,051
Accrued interest receivable 7,167 6,660
Premises and equipment, net 21,305 22,056
Other real estate owned 279 584
Goodwill 29,805 29,805
Other assets 47,799 42,536
Total assets 2,068,796 1,944,570
Liabilities    
Demand deposits 169,777 163,575
NOW deposits 393,569 382,923
Money market deposits 161,000 152,043
Savings deposits 236,141 237,135
Certificates of deposit 689,979 591,409
Total deposits 1,650,466 1,527,085
Borrowed funds – short term 174,850 145,205
Borrowed funds – long term 10,105 65,112
Other liabilities 20,867 15,626
Total liabilities 1,856,288 1,753,028
Commitments and contingent liabilities
Shareholders' equity    
Common stock, one cent par value per share 109 109
Additional paid-in capital 63,964 62,746
Retained earnings 144,839 132,460
Accumulated other comprehensive income (loss)    
Net unrealized gain (loss) on securities available for sale 3,657 (5,051)
Net unrealized loss on securities transferred from available for sale to held to maturity (182) (197)
Net unrealized gain on cash flow hedging derivative instruments 97 1,438
Net unrecognized gain on postretirement benefit costs 24 37
Total shareholders' equity 212,508 191,542
Total liabilities and shareholders' equity $ 2,068,796 $ 1,944,570
Common stock    
Number of shares authorized (in shares) 18,000,000 18,000,000
Number of shares issued (in shares) 10,899,210 10,862,651
Number of shares outstanding (in shares) 10,899,210 10,862,651
Book value per common share (usd per share) $ 19.50 $ 17.63
Tangible book value per common share (usd per share) $ 16.75 $ 14.87