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Consolidated Statement of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 48,512 $ 22,187
Interest bearing deposits in banks 1,467 1,354
Cash and cash equivalents 49,979 23,541
Investment securities - available-for-sale (at fair value) 131,305 137,641
Investment securities – held to maturity (fair value of $100,656 at December 31, 2019and $93,760 at December 31, 2018) 93,979 94,010
Restricted investment in bank stock, at cost 4,415 5,394
Loans 1,052,118 1,007,714
Allowance for loan losses (12,537) (11,047)
Unearned fees (687) (564)
Net loans 1,038,894 996,103
Premises and equipment, net 38,710 37,855
Goodwill 11,004 11,004
Bank owned life insurance 43,449 43,317
Deferred tax assets 7,441 7,844
Other real estate owned 4,127 6,598
Operating lease asset 2,661  
Accrued interest receivable and other assets 16,063 20,453
Total Assets 1,442,027 1,383,760
Liabilities:    
Non-interest bearing deposits 294,649 262,250
Interest bearing deposits 847,382 805,277
Total deposits 1,142,031 1,067,527
Short-term borrowings 48,728 77,707
Long-term borrowings 100,929 100,929
Operating lease liability 3,239  
Accrued interest payable and other liabilities 20,235 19,893
Dividends Payable 925 638
Total Liabilities 1,316,087 1,266,694
Shareholders' Equity:    
Common Stock – par value $.01 per share; Authorized 25,000,000 shares; issued and outstanding 7,110,022 shares at December 31, 2019 and 7,086,632 shares at December 31, 2018 71 71
Surplus 32,359 31,921
Retained earnings 119,481 109,477
Accumulated other comprehensive loss (25,971) (24,403)
Total Shareholders' Equity 125,940 117,066
Total Liabilities and Shareholders' Equity $ 1,442,027 $ 1,383,760