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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 26,681 $ 21,442
Interest-bearing deposits with banks 59,593 44,516
Total Cash and Cash Equivalents 86,274 65,958
Equity securities with readily determinable fair values 919 928
Investment securities available for sale, at estimated fair value 418,364 451,693
Investment securities held to maturity, at amortized cost (fair value $57,026, $59,057) 64,585 64,600
Loans held for sale 1,801 280
Total loans, net of unearned income 1,679,600 1,627,988
Allowance for credit losses (17,162) (19,969)
Loans, net 1,662,438 1,608,019
Premises and equipment, net 25,760 26,283
Right of use asset 2,278 2,615
Restricted investment in bank stocks 11,853 9,677
Investment in bank-owned life insurance 80,841 79,871
Investments in low-income housing partnerships 940 1,003
Goodwill 44,185 44,185
Intangible assets, net 8,446 9,082
Foreclosed assets held for resale 406 467
Other assets 48,663 54,186
Total assets 2,457,753 2,418,847
Deposits:    
Noninterest-bearing 479,726 500,332
Interest-bearing 1,358,862 1,361,481
Total deposits 1,838,588 1,861,813
Short-term borrowings 48,974 56,882
Long-term borrowings 255,312 195,292
Lease liability 2,278 2,615
Allowance for unfunded commitments 1,310 1,719
Other liabilities 21,960 23,065
Total Liabilities 2,168,422 2,141,386
Stockholders’ Equity:    
Preferred Stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding at June 30, 2024 and December 31, 2023, respectively 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 8,934,495 and 8,896,119 shares issued; 8,545,629 and 8,511,453 shares outstanding at June 30, 2024 and December 31, 2023, respectively 22,330 22,231
Treasury stock, at cost; 388,866 and 384,666 shares at June 30, 2024 and December 31, 2023, respectively (11,101) (10,954)
Additional paid-in capital 98,230 97,602
Retained earnings 226,271 213,491
Accumulated other comprehensive loss (46,399) (44,909)
Total Stockholders’ Equity 289,331 277,461
Total Liabilities and Stockholders’ Equity $ 2,457,753 $ 2,418,847