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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 22,786 $ 40,067
Interest bearing deposits with banks 41,255 128,094
Total Cash and Cash Equivalents 64,041 168,161
Equity securities with readily determinable fair values 888 1,719
Debt securities available for sale 435,559 553,554
Securities held to maturity, fair value $53,843; $58,078 64,616 64,977
Loans held for sale 0 123
Loans, net of allowance for credit losses $19,264; $17,861 1,596,702 1,520,749
Assets held for sale 0 3,393
Premises and equipment, net 25,740 27,053
Right of use assets 2,784 3,162
Restricted investment in bank stocks 5,477 1,629
Investment in bank-owned life insurance 79,391 77,993
Investments in low-income housing partnerships 1,034 1,129
Goodwill 44,185 44,185
Intangible assets, net 9,434 10,332
Foreclosed assets held for resale 467 474
Other assets 58,204 46,874
Total assets 2,388,522 2,525,507
Deposits:    
Non-interest bearing 565,530 595,049
Interest bearing 1,385,829 1,603,926
Total Deposits 1,951,359 2,198,975
Short-term borrowings 33,106 41,954
Long-term borrowings 120,282 21,000
Lease liabilities 2,784 3,162
Allowance for unfunded commitments 1,962 92
Other liabilities 23,391 15,282
Total Liabilities 2,132,884 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; 8,892,374 and 8,838,720 shares issued; 8,521,546 and 8,515,120 shares outstanding 22,224 22,086
Treasury stock, at cost; 370,828 and 323,600 shares (10,502) (8,927)
Additional paid-in capital 96,744 96,022
Retained earnings 211,939 193,873
Accumulated other comprehensive loss (64,767) (58,012)
Total Stockholders’ Equity 255,638 245,042
Total Liabilities and Stockholders’ Equity $ 2,388,522 $ 2,525,507