Consolidated Statement of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 83,026 $ 60,707
Interest bearing deposits in banks 2,008 2,603
Cash and cash equivalents 85,034 63,310
Investment securities - available-for-sale (at fair value) 149,160 140,000
Investment securities - held to maturity (fair value $98,183 at September 30, 2017 and $97,981 at December 31, 2016) 95,975 97,169
Restricted investment in bank stock, at cost 5,204 5,209
Loans 889,905 891,926
Allowance for loan losses (10,755) (9,918)
Net loans 879,150 882,008
Premises and equipment, net 30,263 27,160
Goodwill and other intangible assets, net 11,004 11,004
Bank owned life insurance 41,862 40,968
Deferred tax assets 17,680 19,337
Other real estate owned 9,781 10,910
Accrued interest receivable and other assets 27,211 21,115
Total Assets 1,352,324 1,318,190
Liabilities:    
Non-interest bearing deposits 255,790 219,158
Interest bearing deposits 785,678 795,071
Total deposits 1,041,468 1,014,229
Short-term borrowings 45,815 36,000
Long-term borrowings 120,929 131,737
Accrued interest payable and other liabilities 23,274 22,526
Total Liabilities 1,231,486 1,204,492
Shareholders' Equity:    
Preferred stock - no par value; Authorized 2,000 shares of which 30 shares of Series A, $1,000 per share liquidation preference, 9% cumulative, issued and outstanding 10 shares at September 30, 2017 and 20 shares at December 31, 2016 10,000 20,000
Common Stock - par value $.01 per share; Authorized 25,000 shares; issued and outstanding 7,067 shares at September 30, 2017 and 6,269 at December 31, 2016 71 63
Surplus 31,499 22,178
Retained earnings 98,233 92,922
Accumulated other comprehensive loss (18,965) (21,465)
Total Shareholders' Equity 120,838 113,698
Total Liabilities and Shareholders' Equity $ 1,352,324 $ 1,318,190