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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
[1]
Sep. 30, 2016
ASSETS      
Cash and due from banks $ 9,220 $ 4,262 $ 25,067
Interest bearing deposits with other banks 41,994 42,354 9,432
Cash and cash equivalents 51,214 46,616 34,499
Securities available for sale 328,726 266,542 262,102
Other investments 12,170 12,942 13,182
Loans held for sale 220 176 0
Loans, net 1,559,328 1,307,862 1,234,605
Property held for sale 22,622 24,504 24,767
Premises and equipment, net 34,220 23,737 21,802
Accrued interest receivable 7,979 6,167 5,470
Goodwill and other intangible assets 27,879 13,652 7,348
Cash surrender value of life insurance policies 41,076 39,143 38,504
Other assets 15,702 17,306 15,357
Total assets 2,101,136 1,758,647 1,657,636
Deposits      
Non interest bearing 215,910 149,737 122,652
Interest bearing 1,400,858 1,145,782 1,034,132
Total deposits 1,616,768 1,295,519 1,156,784
Short-term borrowings 202,988 224,461 234,657
Long-term borrowings 45,755 46,670 74,146
Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 19,589
Other liabilities 17,254 17,048 18,640
Total liabilities 1,902,354 1,603,287 1,503,816
Commitments and Contingencies
Shareholders' Equity      
Preferred Stock, Value, Issued 0 0 0
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2017 - 12,428,342 shares, December 2016 - 10,883,509 shares and September 2016 - 10,857,801 shares; outstanding: 2017 - 12,311,723 shares, December 2016 - 10,736,970 shares and September 2016 - 10,701,841 shares 80,496 46,757 46,114
Unallocated common stock held by Employee Stock Ownership Plan 2017 - 116,619 shares, December 2016 - 146,539 shares and September 2016 - 155,960 (1,260) (1,583) (1,684)
Retained earnings 119,157 113,448 109,808
Accumulated other comprehensive income (loss) 389 (3,262) (418)
Total shareholders' equity 198,782 155,360 153,820
Total liabilities and shareholders' equity $ 2,101,136 $ 1,758,647 $ 1,657,636
[1] Derived from audited consolidated financial statements