|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Assets |
|
|
| Interest bearing deposits with banks |
$ 17,420 |
$ 1,947 |
| Cash and due from banks |
13,674 |
13,115 |
| Total cash and cash equivalents |
31,094 |
15,062 |
| Securities, available-for-sale |
213,174 |
228,741 |
| Restricted investment in bank stocks, at cost |
3,799 |
4,742 |
| Loans held for sale |
464 |
514 |
| Loans (net of deferred fees of $2,249 - 2014 and $1,963 - 2013) |
920,090 |
859,384 |
| Less-allowance for loan losses |
(11,162) |
(9,975) |
| Net loans |
908,928 |
849,409 |
| Premises and equipment, net |
18,471 |
14,599 |
| Other assets |
37,916 |
37,574 |
| Total assets |
1,213,846 |
1,150,641 |
| Liabilities |
|
|
| Noninterest bearing |
121,673 |
107,921 |
| Interest bearing |
833,300 |
817,382 |
| Total deposits |
954,973 |
925,303 |
| Short-term borrowings |
42,184 |
40,363 |
| Long-term debt |
90,406 |
70,493 |
| Other liabilities |
7,843 |
6,833 |
| Total liabilities |
1,095,406 |
1,042,992 |
| Shareholders' equity |
|
|
| Preferred stock, par value $2.50 per share; $1,000 liquidation preference, 1,000,000 shares authorized; Series B shares issued and outstanding - 12,000 at December 31, 2014 and 25,000 at December 31, 2013 |
12,000 |
25,000 |
| Common stock, par value $2.50 per share; 15,000,000 shares authorized; shares issued and outstanding: 5,830,913 at December 31, 2014 and 4,800,318 at December 31, 2013 |
14,577 |
12,001 |
| Additional paid-in capital |
62,713 |
45,399 |
| Retained earnings |
26,483 |
23,077 |
| Accumulated other comprehensive income |
2,667 |
2,172 |
| Total shareholders' equity |
118,440 |
107,649 |
| Total liabilities and shareholders' equity |
$ 1,213,846 |
$ 1,150,641 |