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Consolidated Statement of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 190,949 $ 146,673
Interest bearing deposits in banks 3,473 2,759
Cash and cash equivalents 194,422 149,432
Investment securities - available for sale (at fair value) 242,013 226,885
Investment securities - held to maturity (fair value $75,574 at June 30, 2021 and $77,612 at December 31, 2020) 65,683 68,263
Restricted investment in bank stock, at cost 3,658 4,468
Loans held for sale 1,443 3,546
Loans 1,145,343 1,167,812
Unearned fees (2,458) (1,730)
Allowance for loan losses (17,068) (16,486)
Net loans 1,125,817 1,149,596
Premises and equipment, net 35,988 36,863
Goodwill 11,004 11,004
Bank owned life insurance 44,553 43,974
Deferred tax assets 7,849 7,972
Other real estate owned, net 6,756 9,386
Operating lease asset 2,414 2,408
Accrued interest receivable and other assets 22,206 19,617
Total Assets 1,763,806 1,733,414
Liabilities:    
Non-interest bearing deposits 497,736 420,427
Interest bearing deposits 958,375 1,001,939
Total deposits 1,456,111 1,422,366
Short-term borrowings 49,406 49,160
Long-term borrowings 100,929 100,929
Operating lease liability 2,945 2,958
Accrued interest payable and other liabilities 22,867 26,044
Dividends payable 992 910
Total Liabilities 1,633,250 1,602,367
Shareholders' Equity:    
Common Stock - par value $0.01 per share; Authorized 25,000,000 shares; issued and outstanding 6,614,604 shares at June 30, 2021 and 6,992,911 at December 31, 2020 66 70
Surplus 23,422 30,149
Retained earnings 135,536 129,691
Accumulated other comprehensive loss (28,468) (28,863)
Total Shareholders' Equity 130,556 131,047
Total Liabilities and Shareholders' Equity $ 1,763,806 $ 1,733,414