XML 18 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 19,304,000 $ 13,796,000
Interest bearing deposits with banks 15,137,000 5,135,000
Total Cash and Cash Equivalents 34,441,000 18,931,000
Securities available for sale 159,051,000 142,990,000
Securities held to maturity, fair value $44,549; $55,425 44,829,000 55,568,000
Loans held for sale 1,736,000 1,770,000
Loans, net of allowance for loan losses $13,976; $14,194 1,230,194,000 893,716,000
Premises and equipment 26,774,000 18,153,000
Restricted investment in bank stocks 4,773,000 4,349,000
Investment in bank-owned life insurance 44,935,000 40,742,000
Investments in low-income housing partnerships 2,446,000 2,899,000
Goodwill 19,580,000 6,308,000
Intangible assets 2,569,000 688,000
Foreclosed assets held for resale 436,000 256,000
Other assets 23,668,000 19,950,000
Total Assets 1,595,432,000 1,206,320,000
LIABILITIES    
Deposits: Non-interest bearing 279,413,000 180,593,000
Deposits: Interest bearing 1,019,079,000 787,028,000
Total Deposits 1,298,492,000 967,621,000
Short-term borrowings 36,908,000 34,590,000
Long-term borrowings 94,600,000 74,250,000
Other liabilities 11,466,000 9,798,000
Total Liabilities 1,441,466,000 1,086,259,000
STOCKHOLDERS' EQUITY    
Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 7,086,258 and 6,126,738 shares issued; 7,023,658 and 6,064,138 shares outstanding 17,716,000 15,317,000
Treasury stock, at cost (62,600 shares) (728,000) (728,000)
Additional paid-in capital 37,777,000 10,941,000
Retained earnings 106,293,000 100,555,000
Accumulated other comprehensive loss (7,092,000) (6,024,000)
Total Stockholders’ Equity 153,966,000 120,061,000
Total Liabilities and Stockholders’ Equity $ 1,595,432,000 $ 1,206,320,000