XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 33,177 $ 24,600
Interest-bearing balances with other financial institutions 4,623 4,572
Federal funds sold 10,345 10,893
Total cash and cash equivalents 48,145 40,065
Investment securities available for sale, at fair value 83,404 111,923
Investment securities held to maturity, at amortized cost (fair value $162,863 and $166,582) 160,182 168,370
Loans held for sale, at fair value 8,139 1,702
Loans and leases, net of unearned interest 1,688,173 1,624,067
Less: Allowance for loan and lease losses (8,771) (8,397)
Net loans and leases 1,679,402 1,615,670
Bank premises and equipment, net 23,583 25,303
Bank premises and equipment held for sale 1,274  
Operating lease right of use asset 10,834  
Finance lease right of use asset 3,537  
Cash surrender value of life insurance 16,725 16,691
Restricted investment in bank stocks 6,480 6,646
Accrued interest receivable 8,883 8,244
Deferred income taxes 3,917 4,696
Goodwill 62,840 62,840
Core deposit and other intangibles, net 6,464 7,221
Foreclosed assets held for sale 390 1,017
Other assets 11,923 7,593
Total Assets 2,136,122 2,077,981
LIABILITIES & SHAREHOLDERS’ EQUITY    
Deposits: Noninterest-bearing demand 287,183 269,870
Deposits: Interest-bearing demand 404,651 384,834
Deposits: Money Market 451,667 375,648
Deposits: Savings 183,019 209,345
Deposits: Time 451,881 486,329
Total Deposits 1,778,401 1,726,026
Short-term borrowings 13,000 43,100
Long-term debt 65,035 48,024
Subordinated debt 27,070 27,082
Operating lease liability 11,983  
Accrued interest payable 2,696 2,262
Other liabilities 6,675 8,278
Total Liabilities 1,904,860 1,854,772
Shareholders' Equity:    
Common stock, par value $1.00 per share; 20,000,000 shares authorized; 8,465,178 shares issued and outstanding at June 30, 2019; 10,000,000 shares authorized, 8,459,918 shares issued and outstanding at December 31, 2018 8,465 8,460
Additional paid-in capital 177,850 177,565
Retained earnings 44,721 39,562
Accumulated other comprehensive income (loss) 226 (2,378)
Total Shareholders’ Equity 231,262 223,209
Total Liabilities and Shareholders' Equity $ 2,136,122 $ 2,077,981