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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 12,509 $ 11,768
Interest-bearing deposits with other banks 10,494 14,910
Cash and cash equivalents 23,003 26,678
Interest bearing time deposits with other banks 200 200
Securities available for sale, at fair value 192,050 182,139
Securities held to maturity, at amortized cost (fair value of $4,117 and $4,152 at March 31, 2019 and December 31, 2018, respectively) 4,031 4,078
Other Bank Stock, at cost 9,347 11,764
Loans receivable, net of unearned income 1,513,645 1,474,775
Less: allowance for loan losses 9,190 8,775
Net loans receivable 1,504,455 1,466,000
Foreclosed real estate 3,241 4,149
Premises and equipment, net 19,459 19,215
Right-of-use assets, net 2,564  
Accrued interest receivable 6,589 6,546
Goodwill and intangibles 29,344 29,446
Bank-owned life insurance 36,008 35,778
Other assets 9,838 9,710
Total Assets 1,840,129 1,795,703
Deposits:    
Non-interest bearing 269,949 259,807
Interest bearing 1,191,375 1,094,132
Total deposits 1,461,324 1,353,939
Short-term borrowings 114,800 175,295
Long-term borrowings 36,708 44,611
Lease liability 2,568  
Accrued interest payable and other liabilities 7,172 8,555
Subordinated debentures 27,862 27,859
Total Liabilities 1,650,434 1,610,259
Stockholders' Equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued 0 0
Common stock, no par value, 10,000,000 shares authorized; 9,470,730 and 9,532,943 shares issued and 9,470,730 and 9,532,943 shares outstanding at March 31, 2019 and December 31, 2018, respectively 150,609 150,419
Treasury stock, at cost; 88,091 shares at March 31, 2019 (1,926) 0
Deferred compensation obligation under Rabbi Trust 1,689 1,647
Retained earnings 40,303 35,192
Accumulated other comprehensive income (loss) 709 (167)
Stock held by Rabbi Trust (1,689) (1,647)
Total Stockholders' Equity 189,695 185,444
Total Liabilities and Stockholders' Equity $ 1,840,129 $ 1,795,703