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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 25,683 $ 26,673
Interest-bearing deposits in other banks 7,062 9,808
Total cash and cash equivalents 32,745 36,481
Available-for-sale debt securities, at fair value 274,114 296,032
Equity securities, at fair value 903 891
Restricted stock, at cost 3,120 3,123
Loans held for sale 609 820
Loans, net of allowance for loan and lease losses of $9,253 and $9,519 829,611 829,581
Bank premises and equipment, net 14,991 14,425
Accrued interest receivable 3,706 3,614
Bank-owned life insurance 31,146 31,015
Other real estate owned 919 919
Net deferred tax assets 9,194 10,693
Other assets 13,393 10,138
Total assets 1,214,451 1,237,732
Liabilities    
Demand (non-interest-bearing) 157,073 156,600
Interest-bearing 883,017 939,029
Total deposits 1,040,090 1,095,629
Borrowed funds:    
Federal Home Loan Bank of Pittsburgh advances 28,988 18,930
Subordinated debentures 5,000
Junior subordinated debentures 10,310 10,310
Total borrowed funds 39,298 34,240
Accrued interest payable 339 338
Other liabilities 10,942 10,306
Total liabilities 1,090,669 1,140,513
Shareholders' equity    
Preferred shares ($1.25 par) Authorized: 20,000,000 shares at March 31, 2019 and December 31, 2018 Issued and outstanding: 0 shares at March 31, 2019 and December 31, 2018
Common shares ($1.25 par) Authorized: 50,000,000 shares at March 31, 2019 and December 31, 2018 Issued and outstanding: 20,108,560 shares at March 31, 2019 and 16,821,371 shares at December 31, 2018 25,135 21,026
Additional paid-in capital 80,827 63,547
Retained earnings 18,809 17,186
Accumulated other comprehensive loss (989) (4,540)
Total shareholders' equity 123,782 97,219
Total liabilities and shareholders’ equity $ 1,214,451 $ 1,237,732