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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Sep. 30, 2018
ASSETS      
Cash and due from banks $ 22,999 $ 20,105 $ 18,145
Interest bearing deposits with banks 94,716 20,800 45,551
Total Cash and Cash Equivalents 117,715 40,905 63,696
Equity securities with readily determinable fair values 2,032 1,839 1,743
Debt securities available for sale 184,678 161,730 162,957
Securities held to maturity, fair value $22,518; $32,767; $26,911 22,443 27,266 33,517
Loans held for sale 3,010 408 1,112
Loans, net of allowance for loan losses $13,924; $13,414; $13,964 1,274,361 1,288,501 1,259,032
Premises and equipment 25,411 26,409 26,097
Right of use asset 3,662 0 0
Restricted investment in bank stocks 3,905 4,336 4,529
Investment in bank-owned life insurance 50,372 48,003 46,242
Investments in low-income housing partnerships 1,597 1,871 2,096
Goodwill 19,580 19,580 19,580
Intangible assets 4,580 4,407 2,628
Foreclosed assets held for resale 0 155 63
Other assets 22,503 22,314 24,507
Total Assets 1,735,849 1,647,724 1,647,799
Deposits:      
Non-interest bearing 322,594 302,394 292,389
Interest bearing 1,095,016 1,045,698 1,054,854
Total Deposits 1,417,610 1,348,092 1,347,243
Short-term borrowings 41,509 34,648 38,525
Long-term borrowings 72,068 83,516 84,725
Lease liability 3,662 0 0
Other liabilities 14,926 13,331 12,794
Total Liabilities 1,549,775 1,479,587 1,483,287
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; 7,137,139, 7,104,824 and 7,108,620 shares issued; 7,074,539, 7,042,224 and 7,046,020 shares outstanding 17,843 17,772 17,762
Treasury stock, at cost (62,600 shares) (728) (728) (728)
Additional paid-in capital 39,418 38,448 38,321
Retained earnings 135,351 121,862 118,192
Accumulated other comprehensive loss (5,810) (9,217) (9,035)
Total Stockholders’ Equity 186,074 168,137 164,512
Total Liabilities and Stockholders’ Equity $ 1,735,849 $ 1,647,724 $ 1,647,799