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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 17,395 $ 21,442
Interest-bearing deposits with banks 35,740 44,516
Total Cash and Cash Equivalents 53,135 65,958
Equity securities with readily determinable fair values 918 928
Investment securities available for sale, at estimated fair value 425,114 451,693
Investment securities held to maturity, at amortized cost (fair value $58,084, $59,057) 64,594 64,600
Loans held for sale 88 280
Total loans, net of unearned income 1,664,980 1,627,988
Allowance for credit losses (20,172) (19,969)
Loans, net 1,644,808 1,608,019
Premises and equipment, net 25,916 26,283
Right of use asset 2,447 2,615
Restricted investment in bank stocks 10,877 9,677
Investment in bank-owned life insurance 80,348 79,871
Investments in low-income housing partnerships 971 1,003
Goodwill 44,185 44,185
Intangible assets, net 8,761 9,082
Foreclosed assets held for resale 467 467
Other assets 51,659 54,186
Total assets 2,414,288 2,418,847
Deposits:    
Noninterest-bearing 499,583 500,332
Interest-bearing 1,335,641 1,361,481
Total deposits 1,835,224 1,861,813
Short-term borrowings 17,303 56,882
Long-term borrowings 255,302 195,292
Lease liability 2,447 2,615
Allowance for unfunded commitments 1,569 1,719
Other liabilities 22,523 23,065
Total Liabilities 2,134,368 2,141,386
Stockholders’ Equity:    
Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding at March 31, 2024 and December 31, 2023, respectively 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 8,928,441 and 8,896,119 shares issued; 8,539,575 and 8,511,453 shares outstanding at March 31, 2024 and December 31, 2023, respectively 22,315 22,231
Treasury stock, at cost; 388,866 and 384,666 shares at March 31, 2024 and December 31, 2023, respectively (11,101) (10,954)
Additional paid-in capital 97,818 97,602
Retained earnings 217,712 213,491
Accumulated other comprehensive loss (46,824) (44,909)
Total Stockholders’ Equity 279,920 277,461
Total Liabilities and Stockholders’ Equity $ 2,414,288 $ 2,418,847