Consolidated Statement of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 20,568 $ 50,188
Interest bearing deposits in banks 2,117 1,953
Cash and cash equivalents 22,685 52,141
Investment securities - available-for-sale (at fair value) 147,227 170,232
Investment securities - held to maturity (fair value $101,958 at June 30, 2016 and $106,742 at December 31, 2015) 97,730 105,560
Restricted investment in bank stock, at cost 5,881 5,904
Loans 919,252 879,023
Allowance for loan losses (12,678) (11,922)
Net loans 906,574 867,101
Premises and equipment, net 26,094 25,198
Goodwill and other intangible assets, net 11,004 11,004
Bank owned life insurance 40,377 40,150
Deferred tax assets 19,849 19,790
Other real estate owned 9,423 6,883
Accrued interest receivable and other assets 20,578 19,495
Total Assets 1,307,422 1,323,458
Liabilities:    
Non-interest bearing deposits 206,123 204,569
Interest bearing deposits 799,145 794,225
Total deposits 1,005,268 998,794
Short-term borrowings 20,357 35,828
Long-term borrowings 146,756 147,537
Accrued interest payable and other liabilities 21,811 20,528
Total Liabilities 1,194,192 1,202,687
Shareholders' Equity:    
Preferred stock - no par value; Authorized 2,000 shares of which 30 shares of Series A, $1,000 per share liquidation preference, 9% cumulative, issued and outstanding 20 shares at June 30, 2016 and 30 shares at December 31, 2015 20,000 30,000
Common Stock - par value $.01 per share; Authorized 25,000 shares; issued and outstanding 6,269 shares at June 30, 2016 and 6,255 at December 31, 2015 63 63
Surplus 22,082 21,986
Retained earnings 88,001 85,551
Accumulated other comprehensive loss (16,916) (16,829)
Total Shareholders' Equity 113,230 120,771
Total Liabilities and Shareholders' Equity $ 1,307,422 $ 1,323,458