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Consolidated Statement of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 20,108 $ 109,823
Interest bearing deposits in banks 1,543 5,897
Cash and cash equivalents 21,651 115,720
Investment securities - available for sale (at fair value) 132,867 286,771
Investment securities - held to maturity (fair value $220,301 at June 30, 2022 and $65,369 at December 31, 2021) 240,588 56,259
Restricted investment in bank stock, at cost 1,026 1,029
Loans held for sale   67
Loans 1,233,613 1,153,687
Unearned fees (104) (292)
Allowance for loan losses (15,737) (15,955)
Net loans 1,217,772 1,137,440
Premises and equipment, net 35,305 34,697
Goodwill and other intangibles 11,947 12,052
Bank owned life insurance 45,739 45,150
Deferred tax assets 13,653 6,857
Other real estate owned, net 4,517 4,477
Right of use asset 2,075 2,247
Pension asset   4,765
Accrued interest receivable 5,055 4,821
Other Assets 20,260 17,486
Total Assets 1,752,455 1,729,838
Liabilities:    
Non-interest bearing deposits 527,761 501,627
Interest bearing deposits 956,593 967,747
Total deposits 1,484,354 1,469,374
Short-term borrowings 69,914 57,699
Long-term borrowings 30,929 30,929
Operating lease liability 2,570 2,761
SERP deferred compensation 10,452 10,395
Pension Liability 4,669  
Accrued interest payable and other liabilities 15,676 15,787
Dividends payable 999 993
Total Liabilities 1,619,563 1,587,938
Shareholders' Equity:    
Common Stock - par value $0.01 per share; Authorized 25,000,000 shares; issued and outstanding 6,656,395 shares at June 30, 2022 and 6,620,955 at December 31, 2021 67 66
Surplus 24,105 23,661
Retained earnings 154,636 145,487
Accumulated other comprehensive loss (45,916) (27,314)
Total Shareholders' Equity 132,892 141,900
Total Liabilities and Shareholders' Equity $ 1,752,455 $ 1,729,838