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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
ASSETS      
Cash and due from banks $ 21,163 $ 16,878 $ 22,999
Interest bearing deposits with banks 278,490 97,478 94,716
Total Cash and Cash Equivalents 299,653 114,356 117,715
Equity securities with readily determinable fair values 1,880 2,106 2,032
Debt securities available for sale 313,671 190,837 184,678
Securities held to maturity, fair value $14,110; $22,518; $19,281 13,606 19,234 22,443
Loans held for sale 10,043 2,406 3,010
Loans, net of allowance for loan losses $19,200; $13,924; $13,835 1,681,683 1,258,766 1,274,361
Premises and equipment, net 33,180 25,724 25,411
Right of use assets 3,306 3,502 3,662
Restricted investment in bank stocks 3,022 3,644 3,905
Investment in bank-owned life insurance 63,049 50,663 50,372
Investments in low-income housing partnerships 1,411 1,506 1,597
Goodwill 42,108 19,580 19,580
Intangible assets, net 7,578 4,427 4,580
Foreclosed assets held for resale 680 364 0
Other assets 28,179 23,138 22,503
Total Assets 2,503,049 1,720,253 1,735,849
Deposits:      
Non-interest bearing 544,332 314,377 322,594
Interest bearing 1,571,244 1,097,883 1,095,016
Total Deposits 2,115,576 1,412,260 1,417,610
Short-term borrowings 52,721 33,435 41,509
Long-term borrowings 57,113 66,296 72,068
Lease liabilities 3,292 3,502 3,662
Other liabilities 17,624 15,244 14,926
Total Liabilities 2,246,326 1,530,737 1,549,775
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; 8,765,913, 7,137,139 and 7,141,959 shares issued; 8,703,313, 7,074,539 and 7,079,359 shares outstanding 21,903 17,855 17,843
Treasury stock, at cost (62,600 shares) (728) (728) (728)
Additional paid-in capital 93,895 39,579 39,418
Retained earnings 143,499 138,663 135,351
Accumulated other comprehensive loss (1,846) (5,853) (5,810)
Total Stockholders’ Equity 256,723 189,516 186,074
Total Liabilities and Stockholders’ Equity $ 2,503,049 $ 1,720,253 $ 1,735,849