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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 24,898 $ 40,067
Interest bearing deposits with banks 59,145 128,094
Total Cash and Cash Equivalents 84,043 168,161
Equity securities with readily determinable fair values 915 1,719
Debt securities available for sale 452,252 553,554
Securities held to maturity, fair value $58,133; $58,078 64,926 64,977
Loans held for sale 0 123
Loans, net of allowance for credit losses $19,148; $17,861 1,554,669 1,520,749
Assets held for sale 1,418 3,393
Premises and equipment, net 26,145 27,053
Right of use assets 2,952 3,162
Restricted investment in bank stocks 4,877 1,629
Investment in bank-owned life insurance 78,919 77,993
Investments in low-income housing partnerships 1,066 1,129
Goodwill 44,185 44,185
Intangible assets, net 9,612 10,332
Foreclosed assets held for resale 467 474
Other assets 51,705 46,874
Total assets 2,378,151 2,525,507
Deposits:    
Non-interest bearing 569,729 595,049
Interest bearing 1,394,025 1,603,926
Total Deposits 1,963,754 2,198,975
Short-term borrowings 51,703 41,954
Long-term borrowings 81,000 21,000
Lease liabilities 2,952 3,162
Allowance for unfunded commitments 2,132 92
Other liabilities 19,541 15,282
Total Liabilities 2,121,082 2,280,465
STOCKHOLDERS’ EQUITY    
Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 8,888,732 and 8,838,720 shares issued; 8,564,282 and 8,515,120 shares outstanding 22,212 22,086
Treasury stock, at cost; 324,450 and 323,600 shares (8,956) (8,927)
Additional paid-in capital 96,586 96,022
Retained earnings 205,279 193,873
Accumulated other comprehensive loss (58,052) (58,012)
Total Stockholders’ Equity 257,069 245,042
Total Liabilities and Stockholders’ Equity $ 2,378,151 $ 2,525,507