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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 16,141 $ 21,006 [1]
Interest bearing deposits with other banks 29,510 57,452 [1]
Cash and cash equivalents 45,651 78,458 [1]
Debt securities available for sale (at fair value) 383,965 401,103 [1]
Tax-exempt state and political subdivisions 96,640 98,060 [1]
Less: allowance for credit losses 0 0 [1]
Debt securities held to maturity, net 96,640 98,060 [1]
Equity investments (at fair value) 25,118 20,202 [1]
Other investments 18,105 11,304 [1]
Loans held for sale 362 227 [1]
Loans, net of unearned fees 3,075,127 2,761,391 [1]
Less: allowance for credit losses (36,750) (32,298) [1]
Loans, net 3,038,377 2,729,093 [1]
Property held for sale 5,193 9,858 [1]
Premises and equipment, net 54,628 56,371 [1]
Accrued interest and fees receivable 13,242 10,578 [1]
Goodwill and other intangible assets, net 62,502 63,590 [1]
Cash surrender value of life insurance policies and annuities 71,216 60,613 [1]
Derivative financial instruments 42,179 11,187 [1]
Other assets 30,121 26,075 [1]
Total assets 3,887,299 3,576,719 [1]
Deposits    
Non-interest bearing 619,067 568,986 [1]
Interest bearing 2,489,005 2,374,103 [1]
Total deposits 3,108,072 2,943,089 [1]
Short-term borrowings 273,148 140,146 [1]
Long-term borrowings 663 679 [1]
Subordinated debentures, net 103,175 102,891 [1]
Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 [1]
Other liabilities 40,978 42,852 [1]
Total liabilities 3,545,625 3,249,246 [1]
Commitments and Contingencies
Shareholders' Equity    
Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2022 and 2021- 1,500 14,920 14,920 [1]
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2022 - 12,779,820 shares and 2021 - 12,763,827 shares; outstanding: 2022 - 12,774,645 shares and 2021 - 12,743,125 90,401 89,525 [1]
Unallocated common stock held by Employee Stock Ownership Plan - 2022 - 5,175 shares and 2021 - 20,702 shares (56) (224) [1]
Retained earnings 248,084 217,770 [1]
Accumulated other comprehensive (loss) income (11,675) 5,482 [1]
Total shareholders' equity 341,674 327,473 [1]
Total liabilities and shareholders' equity $ 3,887,299 $ 3,576,719 [1]
[1] Derived from audited consolidated financial statements