Consolidated Statements of Financial Condition - USD ($)
$ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Assets |
|
|
| Cash and due from banks |
$ 20,562
|
$ 19,544
|
| Interest-bearing deposits in other banks |
91,883
|
1,539
|
| Total cash and cash equivalents |
112,445
|
21,083
|
| Securities available for sale, at fair value |
272,676
|
253,773
|
| Stock in Federal Home Loan Bank of Pittsburgh, at cost |
3,311
|
6,344
|
| Loans held for sale |
596
|
683
|
| Loans, net of allowance for loan and lease losses of $8,419 and $8,790 |
725,860
|
724,926
|
| Bank premises and equipment, net |
10,784
|
11,193
|
| Accrued interest receivable |
2,757
|
2,475
|
| Bank-owned life insurance |
29,933
|
29,381
|
| Other real estate owned |
2,048
|
3,154
|
| Net deferred tax assets |
26,990
|
27,807
|
| Other assets |
7,975
|
9,799
|
| Total assets |
1,195,375
|
1,090,618
|
| Liabilities |
|
|
| Demand (non-interest-bearing) |
173,702
|
154,531
|
| Interest-bearing |
841,437
|
667,015
|
| Total deposits |
1,015,139
|
821,546
|
| Borrowed funds: |
|
|
| Federal Home Loan Bank of Pittsburgh advances |
58,537
|
135,802
|
| Subordinated debentures |
10,000
|
14,000
|
| Junior subordinated debentures |
10,310
|
10,310
|
| Total borrowed funds |
78,847
|
160,112
|
| Accrued interest payable |
242
|
11,165
|
| Other liabilities |
11,000
|
11,617
|
| Total liabilities |
1,105,228
|
1,004,440
|
| Shareholders' equity |
|
|
| Preferred shares |
|
|
| Common shares |
20,807
|
20,643
|
| Additional paid-in capital |
62,593
|
62,059
|
| Retained earnings |
8,531
|
3,714
|
| Accumulated other comprehensive loss |
(1,784)
|
(238)
|
| Total shareholders' equity |
90,147
|
86,178
|
| Total liabilities and shareholders’ equity |
$ 1,195,375
|
$ 1,090,618
|