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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
ASSETS      
Cash and due from banks $ 23,716 $ 14,912 $ 23,371
Interest bearing deposits with banks 371,898 695,219 569,495
Total Cash and Cash Equivalents 395,614 710,131 592,866
Equity securities with readily determinable fair values 2,352 2,609 2,547
Debt securities available for sale 529,407 437,098 385,834
Securities held to maturity, fair value $61,542; $8,452; $6,652 66,329 6,454 8,139
Loans held for sale 445 2,193 2,667
Loans, net of allowance for loan losses $18,943; $20,207; $19,033 1,490,849 1,449,394 1,537,569
Assets held for sale 0 1,093 0
Premises and equipment, net 30,564 30,980 31,960
Right of use assets 3,026 3,270 3,561
Restricted investment in bank stocks 1,649 2,303 2,889
Investment in bank-owned life insurance 64,950 64,261 64,111
Investments in low-income housing partnerships 1,191 1,254 1,317
Goodwill 44,771 42,108 42,108
Intangible assets, net 10,539 6,101 6,672
Other assets 41,476 27,738 26,280
Total Assets 2,683,162 2,786,987 2,708,520
Deposits:      
Non-interest bearing 583,899 623,360 620,237
Interest bearing 1,779,874 1,803,029 1,717,798
Total Deposits 2,363,773 2,426,389 2,338,035
Short-term borrowings 28,959 35,202 29,758
Long-term borrowings 24,650 34,700 54,700
Lease liabilities 3,026 3,270 3,561
Other liabilities 15,722 15,312 16,100
Total Liabilities 2,436,130 2,514,873 2,442,154
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; 8,828,931, 8,783,948 and 8,795,877 shares issued; 8,624,035, 8,721,348 and 8,679,206 shares outstanding 22,061 21,978 21,948
Treasury stock, at cost; 204,896, 62,600 and 116,671 shares (5,150) (2,245) (728)
Additional paid-in capital 95,701 94,688 94,378
Retained earnings 177,946 167,238 159,821
Accumulated other comprehensive loss (43,526) (9,545) (9,053)
Total Stockholders’ Equity 247,032 272,114 266,366
Total Liabilities and Stockholders’ Equity $ 2,683,162 $ 2,786,987 $ 2,708,520