CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands |
Dec. 31, 2015 |
Dec. 31, 2014 |
| ASSETS: |
|
|
| Noninterest-bearing balances |
$ 22,044
|
$ 19,403
|
| Interest-bearing deposits in other financial institutions |
752
|
505
|
| Total cash and cash equivalents |
22,796
|
19,908
|
| Investment securities available for sale, at fair value |
176,157
|
232,213
|
| Investment securities, trading |
73
|
0
|
| Loans held for sale |
757
|
550
|
| Loans |
1,045,207
|
915,579
|
| Allowance for loan losses |
(12,044)
|
(10,579)
|
| Loans, net |
1,033,163
|
905,000
|
| Premises and equipment, net |
21,830
|
21,109
|
| Accrued interest receivable |
3,686
|
3,912
|
| Bank-owned life insurance |
26,667
|
25,959
|
| Investment in limited partnerships |
899
|
1,560
|
| Goodwill |
17,104
|
17,104
|
| Intangibles |
1,240
|
1,456
|
| Deferred tax asset |
8,990
|
8,101
|
| Other assets |
6,695
|
8,139
|
| TOTAL ASSETS |
1,320,057
|
1,245,011
|
| LIABILITIES: |
|
|
| Interest-bearing deposits |
751,797
|
738,041
|
| Noninterest-bearing deposits |
280,083
|
243,378
|
| Total deposits |
1,031,880
|
981,419
|
| Short-term borrowings |
46,638
|
40,818
|
| Long-term borrowings |
91,025
|
71,176
|
| Accrued interest payable |
426
|
381
|
| Other liabilities |
13,809
|
15,250
|
| TOTAL LIABILITIES |
1,183,778
|
1,109,044
|
| SHAREHOLDERS’ EQUITY: |
|
|
| Preferred stock, no par value, 3,000,000 shares authorized; no shares issued |
0
|
0
|
| Common stock, par value $8.33, 15,000,000 shares authorized; 5,004,984 and 5,002,649 shares issued |
41,708
|
41,688
|
| Additional paid-in capital |
49,992
|
49,896
|
| Retained earnings |
58,038
|
53,107
|
| Accumulated other comprehensive loss: |
|
|
| Net unrealized gain on available for sale securities |
258
|
2,930
|
| Defined benefit plan |
(4,057)
|
(4,597)
|
| Treasury stock at cost, 257,852 and 197,834 shares |
(9,660)
|
(7,057)
|
| TOTAL SHAREHOLDERS’ EQUITY |
136,279
|
135,967
|
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
$ 1,320,057
|
$ 1,245,011
|