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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 16,352 $ 21,442
Interest-bearing deposits with banks 30,910 44,516
Total Cash and Cash Equivalents 47,262 65,958
Equity securities with readily determinable fair values 919 928
Investment securities available for sale, at estimated fair value 393,975 451,693
Investment securities held to maturity, at amortized cost (fair value $56,924, $59,057) 64,578 64,600
Loans held for sale 426 280
Total loans, net of unearned income 1,682,910 1,627,988
Less: Allowance for credit losses (17,280) (19,969)
Loans, net 1,665,630 1,608,019
Premises and equipment, net 25,454 26,283
Right of use asset 2,663 2,615
Restricted investment in bank stocks 10,853 9,677
Investment in bank-owned life insurance 81,850 79,871
Investments in low-income housing partnerships 877 1,003
Goodwill 44,185 44,185
Intangible assets, net 7,838 9,082
Foreclosed assets held for resale 438 467
Other assets 47,882 54,186
Total Assets 2,394,830 2,418,847
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Deposits: Non-interest bearing 451,503 500,332
Deposits: Interest bearing 1,340,998 1,361,481
Total Deposits 1,792,501 1,861,813
Short-term borrowings 15,826 56,882
Long-term borrowings 255,333 195,292
Lease liability 2,764 2,615
Allowance for unfunded commitments 1,394 1,719
Other liabilities 23,739 23,065
Total Liabilities 2,091,557 2,141,386
STOCKHOLDERS' EQUITY    
Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding at December 31, 2024 and 2023 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 8,945,293 and 8,896,119 shares issued; 8,553,785 and 8,511,453 shares outstanding at December 31, 2024 and 2023, respectively 22,357 22,231
Treasury stock, at cost 391,508 and 384,666 shares at December 31, 2024 and 2023, respectively (11,203) (10,954)
Additional paid-in capital 99,163 97,602
Retained earnings 234,624 213,491
Accumulated other comprehensive loss (41,668) (44,909)
Total Stockholders’ Equity 303,273 277,461
Total Liabilities and Stockholders’ Equity $ 2,394,830 $ 2,418,847