Consolidated Statement of Financial Condition - USD ($)
$ in Thousands |
Dec. 31, 2019 |
Dec. 31, 2018 |
| Assets |
|
|
| Cash and due from banks |
$ 48,512
|
$ 22,187
|
| Interest bearing deposits in banks |
1,467
|
1,354
|
| Cash and cash equivalents |
49,979
|
23,541
|
| Investment securities - available-for-sale (at fair value) |
131,305
|
137,641
|
| Investment securities – held to maturity (fair value of $100,656 at December 31, 2019and $93,760 at December 31, 2018) |
93,979
|
94,010
|
| Restricted investment in bank stock, at cost |
4,415
|
5,394
|
| Loans |
1,052,118
|
1,007,714
|
| Allowance for loan losses |
(12,537)
|
(11,047)
|
| Unearned fees |
(687)
|
(564)
|
| Net loans |
1,038,894
|
996,103
|
| Premises and equipment, net |
38,710
|
37,855
|
| Goodwill |
11,004
|
11,004
|
| Bank owned life insurance |
43,449
|
43,317
|
| Deferred tax assets |
7,441
|
7,844
|
| Other real estate owned |
4,127
|
6,598
|
| Operating lease asset |
2,661
|
|
| Accrued interest receivable and other assets |
16,063
|
20,453
|
| Total Assets |
1,442,027
|
1,383,760
|
| Liabilities: |
|
|
| Non-interest bearing deposits |
294,649
|
262,250
|
| Interest bearing deposits |
847,382
|
805,277
|
| Total deposits |
1,142,031
|
1,067,527
|
| Short-term borrowings |
48,728
|
77,707
|
| Long-term borrowings |
100,929
|
100,929
|
| Operating lease liability |
3,239
|
|
| Accrued interest payable and other liabilities |
20,235
|
19,893
|
| Dividends Payable |
925
|
638
|
| Total Liabilities |
1,316,087
|
1,266,694
|
| Shareholders' Equity: |
|
|
| Common Stock – par value $.01 per share; Authorized 25,000,000 shares; issued and outstanding 7,110,022 shares at December 31, 2019 and 7,086,632 shares at December 31, 2018 |
71
|
71
|
| Surplus |
32,359
|
31,921
|
| Retained earnings |
119,481
|
109,477
|
| Accumulated other comprehensive loss |
(25,971)
|
(24,403)
|
| Total Shareholders' Equity |
125,940
|
117,066
|
| Total Liabilities and Shareholders' Equity |
$ 1,442,027
|
$ 1,383,760
|