XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
ASSETS      
Cash and due from banks $ 25,919 $ 16,878 $ 18,216
Interest bearing deposits with banks 206,312 97,478 58,390
Total Cash and Cash Equivalents 232,231 114,356 76,606
Equity securities with readily determinable fair values 1,962 2,106 2,001
Debt securities available for sale 257,603 190,837 175,712
Securities held to maturity, fair value $15,463; $24,772; $19,281 14,929 19,234 24,722
Loans held for sale 5,848 2,406 3,009
Loans, net of allowance for loan losses $18,353; $14,057; $13,835 1,715,210 1,258,766 1,265,207
Premises and equipment, net 34,042 25,724 25,627
Right of use assets 3,474 3,502 3,711
Restricted investment in bank stocks 3,582 3,644 4,202
Investment in bank-owned life insurance 62,685 50,663 50,076
Investments in low-income housing partnerships 1,443 1,506 1,689
Goodwill 42,108 19,580 19,580
Intangible assets, net 7,891 4,427 4,735
Foreclosed assets held for resale 789 364 0
Other assets 28,506 23,138 22,428
Total Assets 2,412,303 1,720,253 1,679,305
Deposits:      
Non-interest bearing 563,919 314,377 305,353
Interest bearing 1,468,882 1,097,883 1,071,924
Total Deposits 2,032,801 1,412,260 1,377,277
Short-term borrowings 33,963 33,435 24,137
Long-term borrowings 68,448 66,296 78,288
Lease liabilities 3,453 3,502 3,711
Other liabilities 21,448 15,244 15,008
Total Liabilities 2,160,113 1,530,737 1,498,421
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; 8,758,439, 7,132,459 and 7,141,959 shares issued; 8,695,839, 7,069,859 and 7,079,359 shares outstanding 21,884 17,855 17,831
Treasury stock, at cost (62,600 shares) (728) (728) (728)
Additional paid-in capital 93,752 39,579 39,264
Retained earnings 138,902 138,663 130,809
Accumulated other comprehensive loss (1,620) (5,853) (6,292)
Total Stockholders’ Equity 252,190 189,516 180,884
Total Liabilities and Stockholders’ Equity $ 2,412,303 $ 1,720,253 $ 1,679,305