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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 54,756 $ 24,600
Interest-bearing balances with other financial institutions 4,393 4,572
Federal funds sold 101,730 10,893
Total cash and cash equivalents 160,879 40,065
Investment securities available for sale, at fair value 52,419 111,923
Investment securities held to maturity, at amortized cost (fair value $173,722 and $166,582) 170,472 168,370
Loans held for sale, at fair value 7,115 1,702
Loans and leases, net of unearned interest 1,710,434 1,624,067
Less: Allowance for loan and lease losses (9,316) (8,397)
Net loans and leases 1,701,118 1,615,670
Bank premises and equipment, net 23,357 25,303
Bank premises and equipment held for sale 1,274  
Operating lease right of use asset 10,416  
Finance lease right of use asset 3,492  
Cash surrender value of life insurance 16,804 16,691
Restricted investment in bank stocks 6,105 6,646
Accrued interest receivable 8,414 8,244
Deferred income taxes 3,922 4,696
Goodwill 62,840 62,840
Core deposit and other intangibles, net 6,109 7,221
Foreclosed assets held for sale 130 1,017
Other assets 14,033 7,593
Total Assets 2,248,899 2,077,981
LIABILITIES & SHAREHOLDERS’ EQUITY    
Deposits: Noninterest-bearing demand 298,885 269,870
Deposits: Interest-bearing demand 465,745 384,834
Deposits: Money Market 486,131 375,648
Deposits: Savings 180,927 209,345
Deposits: Time 458,405 486,329
Total Deposits 1,890,093 1,726,026
Short-term borrowings 12,000 43,100
Long-term debt 62,971 48,024
Subordinated debt 27,067 27,082
Operating lease liability 11,534  
Accrued interest payable 2,823 2,262
Other liabilities 7,799 8,278
Total Liabilities 2,014,287 1,854,772
Shareholders' Equity:    
Common stock, par value $1.00 per share; 20,000,000 shares authorized; 8,478,461 shares issued and outstanding at September 30, 2019; 10,000,000 shares authorized, 8,459,918 shares issued and outstanding at December 31, 2018 8,478 8,460
Additional paid-in capital 177,994 177,565
Retained earnings 48,009 39,562
Accumulated other comprehensive income (loss) 131 (2,378)
Total Shareholders’ Equity 234,612 223,209
Total Liabilities and Shareholders' Equity $ 2,248,899 $ 2,077,981