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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Mar. 31, 2017
ASSETS      
Cash and due from banks $ 16,467 $ 19,304 $ 14,406
Interest bearing deposits with banks 43,730 15,137 2,110
Total Cash and Cash Equivalents 60,197 34,441 16,516
Equity securities with readily determinable fair values 1,760 0 0
Debt securities available for sale 155,620 159,051 137,099
Securities held to maturity, fair value $40,758; $53,661; $44,549 41,378 44,829 53,794
Loans held for sale 474 1,736 466
Loans, net of allowance for loan losses $13,417; $14,145; $13,976 1,224,337 1,230,194 938,331
Premises and equipment 26,609 26,774 18,129
Restricted investment in bank stocks 4,802 4,773 5,089
Investment in bank-owned life insurance 45,692 44,935 40,997
Investments in low-income housing partnerships 2,330 2,446 2,794
Goodwill 19,580 19,580 6,308
Intangible assets 2,985 2,569 608
Foreclosed assets held for resale 630 436 85
Other assets 24,621 23,668 21,509
Total Assets 1,611,015 1,595,432 1,241,725
Deposits:      
Non-interest bearing 290,333 279,413 186,154
Interest bearing 1,023,081 1,019,079 804,340
Total Deposits 1,313,414 1,298,492 990,494
Short-term borrowings 33,435 36,908 27,968
Long-term borrowings 95,316 94,600 90,250
Other liabilities 12,245 11,466 11,171
Total Liabilities 1,454,410 1,441,466 1,119,883
STOCKHOLDERS’ EQUITY      
Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding 0 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 7,097,140, 6,129,649 and 7,086,258 shares issued; 7,034,540, 6,067,049 and 7,023,658 shares outstanding 17,743 17,716 15,325
Treasury stock, at cost (62,600 shares) (728) (728) (728)
Additional paid-in capital 38,070 37,777 11,023
Retained earnings 109,801 106,293 101,979
Accumulated other comprehensive loss (8,281) (7,092) (5,757)
Total Stockholders’ Equity 156,605 153,966 121,842
Total Liabilities and Stockholders’ Equity $ 1,611,015 $ 1,595,432 $ 1,241,725