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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 21,442 $ 40,067
Interest-bearing deposits with banks 44,516 128,094
Total Cash and Cash Equivalents 65,958 168,161
Equity securities with readily determinable fair values 928 1,719
Investment securities available for sale, at estimated fair value 451,693 553,554
Investment securities held to maturity, at amortized cost (fair value $59,057, $58,078) 64,600 64,977
Loans held for sale 280 123
Total loans, net of unearned income 1,627,988 1,538,610
Less: Allowance for credit losses (19,969) (17,861)
Loans, net 1,608,019 1,520,749
Assets held for sale 0 3,393
Premises and equipment, net 26,283 27,053
Right of use asset 2,615 3,162
Restricted investment in bank stocks 9,677 1,629
Investment in bank-owned life insurance 79,871 77,993
Investments in low-income housing partnerships 1,003 1,129
Goodwill 44,185 44,185
Intangible assets, net 9,082 10,332
Foreclosed assets held for resale 467 474
Other assets 54,186 46,874
Total Assets 2,418,847 2,525,507
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Deposits: Non-interest bearing 500,332 595,049
Deposits: Interest bearing 1,361,481 1,603,926
Total Deposits 1,861,813 2,198,975
Short-term borrowings 56,882 41,954
Long-term borrowings 195,292 21,000
Lease liability 2,615 3,162
Allowance for unfunded commitments 1,719 92
Other liabilities 23,065 15,282
Total Liabilities 2,141,386 2,280,465
STOCKHOLDERS' EQUITY    
Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding at December 31, 2023 and 2022, respectively 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 8,896,119 and 8,838,720 shares issued; 8,511,453 and 8,515,120 shares outstanding at December 31, 2023 and 2022, respectively 22,231 22,086
Treasury stock, at cost 384,666 and 323,600 shares at December 31, 2023 and 2022, respectively (10,954) (8,927)
Additional paid-in capital 97,602 96,022
Retained earnings 213,491 193,873
Accumulated other comprehensive loss (44,909) (58,012)
Total Stockholders’ Equity 277,461 245,042
Total Liabilities and Stockholders’ Equity 2,418,847 2,525,507
Securities held to maturity, fair value $ 59,057 $ 58,078