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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 32,834 $ 16,352
Interest-bearing deposits with banks 70,275 30,910
Total Cash and Cash Equivalents 103,109 47,262
Equity securities with readily determinable fair values 936 919
Investment securities available for sale, at estimated fair value 455,317 393,975
Investment securities held to maturity, at amortized cost (fair value $56,420, $56,924) 64,505 64,578
Loans held for sale 16,455 426
Total loans, net of unearned income 2,341,816 1,682,910
Allowance for credit losses (24,353) (17,280)
Loans, net 2,317,463 1,665,630
Premises and equipment, net 31,581 25,454
Right of use asset 4,657 2,663
Restricted investment in bank stocks 13,533 10,853
Investment in bank-owned life insurance 96,104 81,850
Investments in low-income housing partnerships 814 877
Goodwill 64,449 44,185
Intangible assets, net 24,694 7,838
Foreclosed assets held for resale 32 438
Other assets 65,879 47,882
Total assets 3,259,528 2,394,830
Deposits:    
Noninterest-bearing 568,301 451,503
Interest-bearing 1,956,240 1,340,998
Total deposits 2,524,541 1,792,501
Short-term borrowings 43,041 15,826
Long-term borrowings 255,354 255,333
Lease liability 4,946 2,764
Allowance for unfunded commitments 1,529 1,394
Other liabilities 34,966 23,739
Total Liabilities 2,864,377 2,091,557
Stockholders’ Equity:    
Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 11,017,121 and 8,945,293 shares issued; 10,478,149 and 8,553,785 shares outstanding at June 30, 2025 and December 31, 2024, respectively 27,539 22,357
Treasury stock, at cost 538,972 and 391,508 shares at June 30, 2025 and December 31, 2024, respectively (17,167) (11,203)
Additional paid-in capital 178,553 99,163
Retained earnings 239,077 234,624
Accumulated other comprehensive loss (32,851) (41,668)
Total Stockholders’ Equity 395,151 303,273
Total Liabilities and Stockholders’ Equity $ 3,259,528 $ 2,394,830