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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
ASSETS      
Cash and due from banks $ 22,479 $ 23,739 $ 21,163
Interest bearing deposits with banks 700,303 375,613 278,490
Total Cash and Cash Equivalents 722,782 399,352 299,653
Equity securities with readily determinable fair values 2,547 2,170 1,880
Debt securities available for sale 411,676 337,718 313,671
Securities held to maturity, fair value $7,482; $14,110; $10,768 7,220 10,294 13,606
Loans held for sale 3,935 11,034 10,043
Loans, net of allowance for loan losses $19,141; $19,200; $20,226 1,467,745 1,617,558 1,681,683
Premises and equipment, net 31,667 33,013 33,180
Right of use assets 3,416 3,145 3,306
Restricted investment in bank stocks 2,368 2,942 3,022
Investment in bank-owned life insurance 64,467 63,401 63,049
Investments in low-income housing partnerships 1,286 1,380 1,411
Goodwill 42,108 42,108 42,108
Intangible assets, net 6,387 7,265 7,578
Foreclosed assets held for resale 0 0 680
Other assets 25,188 23,982 28,179
Total Assets 2,792,792 2,555,362 2,503,049
Deposits:      
Non-interest bearing 610,765 556,666 544,332
Interest bearing 1,806,796 1,628,859 1,571,244
Total Deposits 2,417,561 2,185,525 2,115,576
Short-term borrowings 44,605 38,464 52,721
Long-term borrowings 41,700 53,745 57,113
Lease liabilities 3,416 3,138 3,292
Other liabilities 15,670 16,518 17,624
Total Liabilities 2,522,952 2,297,390 2,246,326
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; 8,789,890, 8,765,913 and 8,771,993 shares issued; 8,712,189, 8,703,313 and 8,709,393 shares outstanding 21,963 21,918 21,903
Treasury stock, at cost; 77,701, 62,600 and 62,600 shares (1,148) (728) (728)
Additional paid-in capital 94,527 94,048 93,895
Retained earnings 165,001 148,372 143,499
Accumulated other comprehensive loss (10,503) (5,638) (1,846)
Total Stockholders’ Equity 269,840 257,972 256,723
Total Liabilities and Stockholders’ Equity $ 2,792,792 $ 2,555,362 $ 2,503,049
Treasury stock, shares 77,701 62,600 62,600