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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
ASSETS      
Cash and due from banks $ 23,169 $ 16,878 $ 18,068
Interest bearing deposits with banks 106,001 97,478 43,285
Total Cash and Cash Equivalents 129,170 114,356 61,353
Equity securities with readily determinable fair values 1,888 2,106 1,872
Debt securities available for sale 253,048 190,837 160,949
Securities held to maturity, fair value $18,565; $25,871; $19,281 18,090 19,234 26,073
Loans held for sale 4,786 2,406 300
Loans, net of allowance for loan losses $15,852; $14,020; $13,835 1,590,187 1,258,766 1,287,315
Premises and equipment 34,506 25,724 26,046
Right of use assets 5,974 3,502 3,804
Restricted investment in bank stocks 3,701 3,644 4,382
Investment in bank-owned life insurance 62,306 50,663 49,768
Investments in low-income housing partnerships 1,474 1,506 1,780
Goodwill 41,700 19,580 19,580
Intangible assets 7,684 4,427 4,303
Foreclosed assets held for resale 798 364 48
Other assets 24,753 23,138 23,586
Total Assets 2,180,065 1,720,253 1,671,159
Deposits:      
Non-interest bearing 433,923 314,377 320,351
Interest bearing 1,377,434 1,097,883 1,046,707
Total Deposits 1,811,357 1,412,260 1,367,058
Short-term borrowings 26,104 33,435 29,759
Long-term borrowings 71,723 66,296 82,407
Lease liabilities 6,047 3,502 3,804
Other liabilities 17,840 15,244 14,338
Total Liabilities 1,933,071 1,530,737 1,497,366
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; 8,732,506, 7,112,282 and 7,141,959 shares issued; 8,669,906, 7,049,682 and 7,079,359 shares outstanding 21,819 17,855 17,781
Treasury stock, at cost (62,600 shares) (728) (728) (728)
Additional paid-in capital 93,150 39,579 38,578
Retained earnings 135,273 138,663 126,105
Accumulated other comprehensive loss (2,520) (5,853) (7,943)
Total Stockholders’ Equity 246,994 189,516 173,793
Total Liabilities and Stockholders’ Equity $ 2,180,065 $ 1,720,253 $ 1,671,159