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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 75,831 $ 87,401
Interest-bearing deposits in banks 99 349
Investment securities available for sale, at fair value 433,926 486,518
Investment securities held to maturity (fair values of $1,066 and $1,072, respectively) 1,065 1,075
Mortgage loans held for sale 361 98
Loans, net of unearned income 2,581,638 2,430,750
Allowance for loan losses (31,537) (29,299)
Total loans, net of unearned income and allowance for loan losses 2,550,101 2,401,451
Office properties and equipment, net 41,980 43,560
Cash surrender value of bank-owned life insurance 47,321 46,276
Goodwill and core deposit intangibles 86,372 87,973
Accrued interest receivable and other assets 83,066 73,579
Total Assets 3,320,122 3,228,280
Deposits:    
Noninterest-bearing 744,424 904,301
Interest-bearing 1,926,200 1,728,880
Total deposits 2,670,624 2,633,181
Other borrowings 5,539 5,539
Subordinated debt, net of unamortized issuance cost 54,241 54,013
Short-term Federal Home Loan Bank advances 150,000 155,000
Long-term Federal Home Loan Bank advances 42,713 21,213
Accrued interest payable and other liabilities 29,561 29,380
Total Liabilities 2,952,678 2,898,326
Shareholders’ Equity    
Preferred stock, $0.01 par value - 10,000,000 shares authorized; none issued 0 0
Common stock, $0.01 par value - 40,000,000 shares authorized; 8,158,281 and 8,286,084 shares issued and outstanding, respectively 81 83
Additional paid-in capital 165,823 164,942
Unallocated common stock held by:    
Employee Stock Ownership Plan (ESOP) (1,696) (2,053)
Recognition and Retention Plan (RRP) (1) (7)
Retained earnings 234,619 206,296
Accumulated other comprehensive loss (31,382) (39,307)
Total Shareholders’ Equity 367,444 329,954
Total Liabilities and Shareholders’ Equity $ 3,320,122 $ 3,228,280