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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 24,881 $ 20,562
Interest-bearing deposits in other banks 18,929 91,883
Total cash and cash equivalents 43,810 112,445
Securities available for sale, at fair value 282,037 276,015
Stock in Federal Home Loan Bank of Pittsburgh, at cost 2,450 3,311
Loans held for sale 147 596
Loans, net of allowance for loan and lease losses of $8,862 and $8,419 750,627 722,860
Bank premises and equipment, net 10,482 10,784
Accrued interest receivable 3,203 2,757
Bank-owned life insurance 30,332 29,933
Other real estate owned 1,088 2,048
Net deferred tax assets 23,507 26,875
Other assets 9,428 7,975
Total assets 1,157,111 1,195,599
Liabilities    
Demand (non-interest-bearing) 162,426 173,702
Interest-bearing 820,786 841,437
Total deposits 983,212 1,015,139
Borrowed funds:    
Federal Home Loan Bank of Pittsburgh advances 45,350 58,537
Subordinated debentures 5,000 10,000
Junior subordinated debentures 10,310 10,310
Total borrowed funds 60,660 78,847
Accrued interest payable 244 242
Other liabilities 15,513 11,000
Total liabilities 1,059,629 1,105,228
Shareholders' equity    
Preferred stock ($1.25 par) Authorized: 20,000,000 shares at September 30, 2017 and December 31, 2016 Issued and outstanding: 0 shares at September 30, 2017 and December 31, 2016
Common stock ($1.25 par) Authorized: 50,000,000 shares at September 30, 2017 and December 31, 2016 Issued and outstanding: 16,757,963 shares at September 30, 2017 and 16,645,845 shares at December 31, 2016 20,947 20,807
Additional paid-in capital 63,143 62,593
Retained earnings 13,282 8,531
Accumulated other comprehensive income (loss) 110 (1,560)
Total shareholders' equity 97,482 90,371
Total liabilities and shareholders’ equity $ 1,157,111 $ 1,195,599