Consolidated Statements of Financial Condition - USD ($)
$ in Thousands |
Sep. 30, 2017 |
Dec. 31, 2016 |
| Assets |
|
|
| Cash and due from banks |
$ 19,490
|
$ 22,103
|
| Cash and cash equivalents |
19,490
|
22,103
|
| Available-for-sale investment securities at fair value (amortized cost of $109,262 and $116,830) |
108,008
|
115,184
|
| Held-to-maturity investment securities (fair value of $67,229 and $66,124) |
67,140
|
67,022
|
| Total investments securities |
175,148
|
182,206
|
| Loans held for sale |
350
|
|
| Loans |
819,753
|
817,529
|
| Allowance for credit losses |
(5,594)
|
(5,373)
|
| Net loans |
814,159
|
812,156
|
| Restricted stock |
6,371
|
5,381
|
| Office property and equipment, net |
8,898
|
9,243
|
| Accrued interest receivable |
3,791
|
3,567
|
| Other real estate owned & other repossessed property |
4,916
|
2,767
|
| Bank owned life insurance (BOLI) |
9,487
|
9,552
|
| Core deposit intangible |
459
|
537
|
| Goodwill |
15,525
|
15,590
|
| Net deferred taxes |
4,855
|
5,250
|
| Other assets |
2,234
|
2,333
|
| Total assets |
1,065,683
|
1,070,685
|
| Liabilities |
|
|
| Non-interest-bearing deposits |
198,399
|
173,467
|
| Interest-bearing deposits: |
|
|
| NOW |
195,455
|
224,219
|
| Money market |
217,870
|
184,783
|
| Savings |
81,030
|
86,176
|
| Time |
136,759
|
187,256
|
| Brokered deposits |
41,815
|
29,286
|
| Total deposits |
871,328
|
885,187
|
| Federal Home Loan Bank of Pittsburgh (FHLBP) advances |
51,047
|
55,332
|
| Repurchase agreements |
15,383
|
11,889
|
| Junior subordinated debentures |
9,279
|
9,279
|
| Subordinated debt |
9,750
|
9,750
|
| Other borrowings |
379
|
418
|
| Total borrowings |
85,838
|
86,668
|
| Accrued interest payable |
461
|
534
|
| Other liabilities |
6,172
|
3,456
|
| Total liabilities |
963,799
|
975,845
|
| Stockholders' Equity |
|
|
| Common stock, $1.00 par value; 20,000,000 shares authorized; 4,343,616 and 4,334,352 issued, respectively; 4,262,721 and 4,240,778 outstanding, respectively |
4,373
|
4,351
|
| Treasury stock, at cost; 80,895 and 93,574 shares, respectively |
(1,502)
|
(1,730)
|
| Surplus |
69,260
|
68,973
|
| Retained earnings |
31,763
|
25,520
|
| Accumulated other comprehensive loss |
(2,010)
|
(2,274)
|
| Total stockholders' equity |
101,884
|
94,840
|
| Total liabilities and stockholders' equity |
$ 1,065,683
|
$ 1,070,685
|