XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
ASSETS      
Cash and due from banks $ 23,388 $ 14,912 $ 24,305
Interest bearing deposits with banks 454,232 695,219 482,453
Total Cash and Cash Equivalents 477,620 710,131 506,758
Equity securities with readily determinable fair values 2,500 2,609 2,535
Debt securities available for sale 576,360 437,098 355,008
Securities held to maturity, fair value $27,679; $9,451; $6,652 28,019 6,454 9,155
Loans held for sale 1,123 2,193 12,000
Loans, net of allowance for loan losses $18,963; $20,237; $19,033 1,465,363 1,449,394 1,590,481
Assets held for sale 0 1,093 0
Premises and equipment, net 30,740 30,980 32,491
Right of use assets 3,181 3,270 2,984
Restricted investment in bank stocks 1,855 2,303 2,798
Investment in bank-owned life insurance 64,588 64,261 63,739
Investments in low-income housing partnerships 1,223 1,254 1,349
Goodwill 44,184 42,108 42,108
Intangible assets, net 11,516 6,101 6,969
Other assets 37,884 27,738 26,242
Total Assets 2,746,156 2,786,987 2,654,617
Deposits:      
Non-interest bearing 633,119 623,360 589,045
Interest bearing 1,777,642 1,803,029 1,689,577
Total Deposits 2,410,761 2,426,389 2,278,622
Short-term borrowings 30,028 35,202 31,282
Long-term borrowings 30,200 34,700 65,616
Lease liabilities 3,181 3,270 2,984
Other liabilities 15,977 15,312 18,501
Total Liabilities 2,490,147 2,514,873 2,397,005
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; 8,823,699, 8,777,620 and 8,795,877 shares issued; 8,707,028, 8,715,020 and 8,679,206 shares outstanding 22,048 21,978 21,932
Treasury stock, at cost; 116,671, 62,600 and 116,671 shares (2,245) (2,245) (728)
Additional paid-in capital 95,530 94,688 94,215
Retained earnings 171,580 167,238 153,666
Accumulated other comprehensive loss (30,904) (9,545) (11,473)
Total Stockholders’ Equity 256,009 272,114 257,612
Total Liabilities and Stockholders’ Equity $ 2,746,156 $ 2,786,987 $ 2,654,617