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Consolidated Statement of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 38,584 $ 22,187
Interest bearing deposits in banks 405 1,354
Cash and cash equivalents 38,989 23,541
Investment securities - available-for-sale (at fair value) 135,809 137,641
Investment securities – held to maturity (fair value $102,503 at June 30, 2019 and $93,760 at December 31, 2018) 97,499 94,010
Restricted investment in bank stock, at cost 4,415 5,394
Loans 1,003,616 1,007,714
Allowance for loan losses (11,976) (11,047)
Net loans 991,640 996,667
Premises and equipment, net 38,138 37,855
Goodwill and other intangible assets, net 11,004 11,004
Bank owned life insurance 43,908 43,317
Deferred tax assets 6,208 7,844
Other real estate owned 5,531 6,598
Operating lease right-of-use asset 2,594  
Accrued interest receivable and other assets 29,894 20,645
Total Assets 1,405,629 1,384,516
Liabilities:    
Non-interest bearing deposits 281,307 262,250
Interest bearing deposits 841,774 805,277
Total deposits 1,123,081 1,067,527
Short-term borrowings 31,155 77,707
Long-term borrowings 100,929 100,929
Operating lease liability 3,177  
Accrued interest payable and other liabilities 20,492 20,649
Dividends payable 640 638
Total Liabilities 1,279,474 1,267,450
Shareholders' Equity:    
Common Stock – par value $.01 per share; Authorized 25,000 shares; issued and outstanding 7,106 shares at June 30, 2019 and 7,087 at December 31, 2018 71 71
Surplus 32,133 31,921
Retained earnings 113,951 109,477
Accumulated other comprehensive loss (20,000) (24,403)
Total Shareholders' Equity 126,155 117,066
Total Liabilities and Shareholders' Equity $ 1,405,629 $ 1,384,516