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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
ASSETS      
Cash and due from banks $ 24,674 $ 14,912 $ 22,479
Interest bearing deposits with banks 332,352 695,219 700,303
Total Cash and Cash Equivalents 357,026 710,131 722,782
Equity securities with readily determinable fair values 2,299 2,609 2,547
Debt securities available for sale 503,193 437,098 411,676
Securities held to maturity, fair value $56,801; $7,482; $6,652 66,304 6,454 7,220
Loans held for sale 0 2,193 3,935
Loans, net of allowance for loan losses $17,952; $19,141; $19,033 1,509,176 1,449,394 1,467,745
Assets held for sale 3,393 1,093 0
Premises and equipment, net 27,098 30,980 31,667
Right of use assets 3,330 3,270 3,416
Restricted investment in bank stocks 1,653 2,303 2,368
Investment in bank-owned life insurance 77,513 64,261 64,467
Investments in low-income housing partnerships 1,160 1,254 1,286
Goodwill 44,185 42,108 42,108
Intangible assets, net 10,731 6,101 6,387
Foreclosed assets held for resale 474 0 0
Other assets 46,618 27,738 25,188
Total assets 2,654,153 2,786,987 2,792,792
Deposits:      
Non-interest bearing 589,415 623,360 610,765
Interest bearing 1,746,798 1,803,029 1,806,796
Total Deposits 2,336,213 2,426,389 2,417,561
Short-term borrowings 41,641 35,202 44,605
Long-term borrowings 24,050 34,700 41,700
Lease liabilities 3,330 3,270 3,416
Other liabilities 16,549 15,312 15,670
Total Liabilities 2,421,783 2,514,873 2,522,952
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; 8,834,038, 8,789,890 and 8,795,877 shares issued; 8,519,211, 8,712,189 and 8,679,206 shares outstanding 22,074 21,978 21,963
Treasury stock, at cost; 314,827, 77,701 and 116,671 shares (8,927) (2,245) (1,148)
Additional paid-in capital 95,856 94,688 94,527
Retained earnings 186,057 167,238 165,001
Accumulated other comprehensive loss (62,690) (9,545) (10,503)
Total Stockholders’ Equity 232,370 272,114 269,840
Total Liabilities and Stockholders’ Equity $ 2,654,153 $ 2,786,987 $ 2,792,792