XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 16,500 $ 22,755
Interest-bearing deposits in other banks 4,624 14,991
Total cash and cash equivalents 21,124 37,746
Debt securities available for sale, at fair value 290,863 289,459
Equity securities 892 918
Restricted stock, at cost 7,964 2,763
Loans held for sale 629 1,095
Loans, net of allowance for loan and lease losses of $9,459 and $9,034 845,932 761,609
Bank premises and equipment, net 13,900 10,388
Accrued interest receivable 3,654 3,234
Bank-owned life insurance 30,732 30,460
Other real estate owned 787 1,023
Net deferred tax assets 16,282 15,785
Other assets 6,528 7,825
Total assets 1,239,287 1,162,305
Liabilities    
Demand (non-interest-bearing) 177,388 176,325
Interest-bearing 777,855 826,123
Total deposits 955,243 1,002,448
Borrowed funds:    
FHLB of Pittsburgh advances 174,251 44,968
Subordinated debentures 5,000 5,000
Junior subordinated debentures 10,310 10,310
Total borrowed funds 189,561 60,278
Accrued interest payable 331 241
Other liabilities 7,027 10,147
Total liabilities 1,152,162 1,073,114
Shareholders' equity    
Preferred stock ($1.25 par) Authorized: 20,000,000 shares at June 30, 2018 and December 31, 2017 Issued and outstanding: 0 shares at June 30, 2018 and December 31, 2017
Common shares ($1.25 par) Authorized: 50,000,000 shares at June 30, 2018 and December 31, 2017 Issued and outstanding: 16,817,097 shares at June 30, 2018 and 16,757,963 shares at December 31, 2017 21,021 20,947
Additional paid-in capital 63,374 63,210
Retained earnings 9,792 6,779
Accumulated other comprehensive loss (7,062) (1,745)
Total shareholders' equity 87,125 89,191
Total liabilities and shareholders’ equity $ 1,239,287 $ 1,162,305