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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 35,573 $ 24,600
Interest-bearing balances with other financial institutions 5,049 4,572
Federal funds sold 46,346 10,893
Total cash and cash equivalents 86,968 40,065
Investment securities available for sale, at fair value 101,532 111,923
Investment securities held to maturity, at amortized cost (fair value $163,723 and $166,582) 162,791 168,370
Loans held for sale 4,050 1,702
Loans and leases, net of unearned interest 1,646,686 1,624,067
Less: Allowance for loan and lease losses (8,502) (8,397)
Net loans and leases 1,638,184 1,615,670
Bank premises and equipment, net 23,881 25,303
Bank premises and equipment held for sale 1,274  
Operating lease right of use asset 11,249  
Finance lease right of use asset 3,582  
Cash surrender value of life insurance 16,769 16,691
Restricted investment in bank stocks 5,933 6,646
Accrued interest receivable 8,527 8,244
Deferred income taxes 4,018 4,696
Goodwill 62,840 62,840
Core deposit and other intangibles, net 6,825 7,221
Foreclosed assets held for sale 350 1,017
Other assets 9,044 7,593
Total Assets 2,147,817 2,077,981
LIABILITIES & SHAREHOLDERS’ EQUITY    
Deposits: Noninterest-bearing demand 290,902 269,870
Deposits: Interest-bearing demand 397,959 384,834
Deposits: Money Market 414,503 375,648
Deposits: Savings 195,226 209,345
Deposits: Time 485,590 486,329
Total Deposits 1,784,180 1,726,026
Short-term borrowings 35,000 43,100
Long-term debt 51,585 48,024
Subordinated debt 27,076 27,082
Operating lease liability 12,428  
Accrued interest payable 2,921 2,262
Other liabilities 7,190 8,278
Total Liabilities 1,920,380 1,854,772
Shareholders' Equity:    
Common stock, par value $1.00; authorized 10,000,000 shares; 6,124,517 and 4,242,216 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 8,462 8,460
Additional paid-in capital 177,704 177,565
Retained earnings 41,842 39,562
Accumulated other comprehensive loss (571) (2,378)
Total Shareholders’ Equity 227,437 223,209
Total Liabilities and Shareholders' Equity $ 2,147,817 $ 2,077,981