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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
ASSETS      
Cash and due from banks $ 18,068 $ 20,105 $ 16,467
Interest bearing deposits with banks 43,285 20,800 43,730
Total Cash and Cash Equivalents 61,353 40,905 60,197
Equity securities with readily determinable fair values 1,872 1,839 1,760
Debt securities available for sale 160,949 161,730 155,620
Securities held to maturity, fair value $25,871; $40,758; $26,911 26,073 27,266 41,378
Loans held for sale 300 408 474
Loans, net of allowance for loan losses $14,020; $13,417; $13,964 1,287,315 1,288,501 1,224,337
Premises and equipment 26,046 26,409 26,609
Right of use asset 3,804 0 0
Restricted investment in bank stocks 4,382 4,336 4,802
Investment in bank-owned life insurance 49,768 48,003 45,692
Investments in low-income housing partnerships 1,780 1,871 2,330
Goodwill 19,580 19,580 19,580
Intangible assets 4,303 4,407 2,985
Foreclosed assets held for resale 48 155 630
Other assets 23,586 22,314 24,621
Total Assets 1,671,159 1,647,724 1,611,015
Deposits:      
Non-interest bearing 320,351 302,394 290,333
Interest bearing 1,046,707 1,045,698 1,023,081
Total Deposits 1,367,058 1,348,092 1,313,414
Short-term borrowings 29,759 34,648 33,435
Long-term borrowings 82,407 83,516 95,316
Lease liability 3,804 0 0
Other liabilities 14,338 13,331 12,245
Total Liabilities 1,497,366 1,479,587 1,454,410
STOCKHOLDERS’ EQUITY      
Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding 0 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 7,112,282, 7,097,140 and 7,108,620 shares issued; 7,049,682, 7,034,540 and 7,046,020 shares outstanding 17,781 17,772 17,743
Treasury stock, at cost (62,600 shares) (728) (728) (728)
Additional paid-in capital 38,578 38,448 38,070
Retained earnings 126,105 121,862 109,801
Accumulated other comprehensive loss (7,943) (9,217) (8,281)
Total Stockholders’ Equity 173,793 168,137 156,605
Total Liabilities and Stockholders’ Equity $ 1,671,159 $ 1,647,724 $ 1,611,015