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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 24,636 $ 21,442
Interest-bearing deposits with banks 33,456 44,516
Total Cash and Cash Equivalents 58,092 65,958
Equity securities with readily determinable fair values 947 928
Investment securities available for sale, at estimated fair value 418,079 451,693
Investment securities held to maturity, at amortized cost (fair value $59,038, $59,057) 64,578 64,600
Loans held for sale 1,080 280
Total loans, net of unearned income 1,677,112 1,627,988
Allowance for credit losses (17,214) (19,969)
Loans, net 1,659,898 1,608,019
Premises and equipment, net 25,542 26,283
Right of use asset 2,110 2,615
Restricted investment in bank stocks 10,853 9,677
Investment in bank-owned life insurance 81,344 79,871
Investments in low-income housing partnerships 909 1,003
Goodwill 44,185 44,185
Intangible assets, net 8,142 9,082
Foreclosed assets held for resale 406 467
Other assets 44,749 54,186
Total assets 2,420,914 2,418,847
Deposits:    
Noninterest-bearing 463,501 500,332
Interest-bearing 1,327,816 1,361,481
Total deposits 1,791,317 1,861,813
Short-term borrowings 37,769 56,882
Long-term borrowings 255,322 195,292
Lease liability 2,110 2,615
Allowance for unfunded commitments 1,349 1,719
Other liabilities 26,292 23,065
Total Liabilities 2,114,159 2,141,386
Stockholders’ Equity:    
Preferred Stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding at September 30, 2024 and December 31, 2023 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 8,940,133 and 8,896,119 shares issued; 8,548,625 and 8,511,453 shares outstanding at September 30, 2024 and December 31, 2023, respectively 22,344 22,231
Treasury stock, at cost; 391,508 and 384,666 shares at September 30, 2024 and December 31, 2023, respectively (11,203) (10,954)
Additional paid-in capital 98,697 97,602
Retained earnings 230,752 213,491
Accumulated other comprehensive loss (33,835) (44,909)
Total Stockholders’ Equity 306,755 277,461
Total Liabilities and Stockholders’ Equity $ 2,420,914 $ 2,418,847