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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 24,277 $ 26,673
Interest-bearing deposits in other banks 5,627 9,808
Total cash and cash equivalents 29,904 36,481
Available-for-sale debt securities, at fair value 285,855 296,032
Equity securities, at fair value 917 891
Restricted stock, at cost 4,618 3,123
Loans held for sale 419 820
Loans, net of allowance for loan and lease losses of $8,945 and $9,519 805,475 829,581
Bank premises and equipment, net 15,923 14,425
Accrued interest receivable 3,640 3,614
Bank-owned life insurance 31,275 31,015
Other real estate owned 560 919
Net deferred tax assets 7,537 10,693
Other assets 12,671 10,138
Total assets 1,198,794 1,237,732
Liabilities    
Demand (non-interest-bearing) 157,856 156,600
Interest-bearing 803,208 939,029
Total deposits 961,064 1,095,629
Borrowed funds:    
Federal Home Loan Bank of Pittsburgh advances 87,223 18,930
Subordinated debentures 5,000
Junior subordinated debentures 10,310 10,310
Total borrowed funds 97,533 34,240
Accrued interest payable 389 338
Other liabilities 10,102 10,306
Total liabilities 1,069,088 1,140,513
Shareholders' equity    
Preferred shares ($1.25 par) Authorized: 20,000,000 shares at June 30, 2019 and December 31, 2018 Issued and outstanding: 0 shares at June 30, 2019 and December 31, 2018
Common shares ($1.25 par) Authorized: 50,000,000 shares at June 30, 2019 and December 31, 2018 Issued and outstanding: 20,148,017 shares at June 30, 2019 and 16,821,371 shares at December 31, 2018 25,184 21,026
Additional paid-in capital 80,864 63,547
Retained earnings 20,345 17,186
Accumulated other comprehensive income (loss) 3,313 (4,540)
Total shareholders' equity 129,706 97,219
Total liabilities and shareholders’ equity $ 1,198,794 $ 1,237,732