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Consolidated Statement of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 189,744 $ 146,673
Interest bearing deposits in banks 3,273 2,759
Cash and cash equivalents 193,017 149,432
Investment securities – available for sale (at fair value) 204,006 226,885
Investment securities – held to maturity (fair value $77,571 at March 31, 2021 and $77,612 at December 31, 2020) 69,357 68,263
Restricted investment in bank stock, at cost 3,654 4,468
Loans held for sale 1,430 3,546
Loans 1,199,325 1,167,812
Unearned fees (3,330) (1,730)
Allowance for loan losses (16,554) (16,486)
Net loans 1,179,441 1,149,596
Premises and equipment, net 36,279 36,863
Goodwill 11,004 11,004
Bank owned life insurance 44,260 43,974
Deferred tax assets 9,580 7,972
Other real estate owned, net 7,533 9,386
Operating lease asset 2,495 2,408
Accrued interest receivable and other assets 19,777 19,617
Total Assets 1,781,833 1,733,414
Liabilities:    
Non-interest bearing deposits 485,311 420,427
Interest bearing deposits 982,952 1,001,939
Total deposits 1,468,263 1,422,366
Short-term borrowings 51,454 49,160
Long-term borrowings 100,929 100,929
Operating lease liability 3,035 2,958
Accrued interest payable and other liabilities 27,914 26,044
Dividends payable 1,049 910
Total Liabilities 1,652,644 1,602,367
Shareholders' Equity:    
Common Stock – par value $0.01 per share; Authorized 25,000,000 shares; issued and outstanding 6,998,617 shares at March 31, 2021 and 6,992,911 at December 31, 2020 70 70
Surplus 30,245 30,149
Retained earnings 132,072 129,691
Accumulated other comprehensive loss (33,198) (28,863)
Total Shareholders' Equity 129,189 131,047
Total Liabilities and Shareholders' Equity $ 1,781,833 $ 1,733,414