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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 20,418 $ 26,588
Interest-bearing deposits in other banks 49,153 15,328
Total cash and cash equivalents 69,571 41,916
Available-for-sale debt securities, at fair value 473,119 476,091
Equity securities, at fair value 7,369 7,717
Total restricted securities, at cost 8,482 8,545
Loans held for sale 0 60
Loans and leases, net of allowance for credit losses of $12,279 and $14,193 1,151,510 1,110,124
Bank premises and equipment, net 15,316 15,616
Accrued interest receivable 6,143 5,957
Bank-owned life insurance 36,696 36,499
Other assets 41,275 43,005
Total assets 1,809,481 1,745,530
Liabilities    
Demand (non-interest bearing) 281,114 305,850
Interest-bearing 1,182,192 1,114,797
Total deposits 1,463,306 1,420,647
Borrowed funds:    
Federal Home Loan Bank of Pittsburgh advances 186,338 172,050
Junior subordinated debentures 10,310 10,310
Total borrowed funds 196,648 182,360
Accrued interest payable 848 171
Other liabilities 22,185 23,403
Total liabilities 1,682,987 1,626,581
Shareholders' equity    
Preferred shares ($1.25 par), Authorized: 20,000,000 shares at June 30, 2022 and December 31, 2021, Issued and outstanding: 0 shares at June 30, 2022 and December 31, 2021 0 0
Common shares ($1.25 par), Authorized: 50,000,000 shares at June 30, 2022 and December 31, 2021 Issued and outstanding: 19,675,557 shares at June 30, 2022 and 19,989,875 shares at December 31, 2021 24,604 24,602
Additional paid-in capital 77,636 77,502
Retained earnings 66,834 64,873
Accumulated other comprehensive loss (42,580) (48,028)
Total shareholders' equity 126,494 118,949
Total liabilities and shareholders’ equity $ 1,809,481 $ 1,745,530