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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 30,900 $ 26,673
Interest-bearing deposits in other banks 6,611 9,808
Total cash and cash equivalents 37,511 36,481
Available-for-sale debt securities, at fair value 254,666 296,032
Equity securities, at fair value 922 891
Restricted stock, at cost 4,194 3,123
Loans held for sale 1,140 820
Loans, net of allowance for loan and lease losses of $9,315 and $9,519 827,562 829,581
Bank premises and equipment, net 17,274 14,425
Accrued interest receivable 3,038 3,614
Bank-owned life insurance 31,104 31,015
Other real estate owned 412 919
Net deferred tax assets 6,691 10,693
Other assets 12,676 10,138
Total assets 1,197,190 1,237,732
Liabilities    
Demand (non-interest-bearing) 179,025 156,600
Interest-bearing 785,035 939,029
Total deposits 964,060 1,095,629
Federal Home Loan Bank of Pittsburgh advances 79,458 18,930
Subordinated debentures 5,000
Junior subordinated debentures 10,310 10,310
Total borrowed funds 89,768 34,240
Accrued interest payable 401 338
Other liabilities 10,394 10,306
Total liabilities 1,064,623 1,140,513
Shareholders' equity    
Preferred shares ($1.25 par) Authorized: 20,000,000 shares at September 30, 2019 and December 31, 2018 Issued and outstanding: 0 shares at September 30, 2019 and December 31, 2018
Common shares ($1.25 par) Authorized: 50,000,000 shares at September 30, 2019 and December 31, 2018 Issued and outstanding: 20,169,492 shares at September 30, 2019 and 16,821,371 shares at December 31, 2018 25,211 21,026
Additional paid-in capital 81,058 63,547
Retained earnings 21,733 17,186
Accumulated other comprehensive income (loss) 4,565 (4,540)
Total shareholders' equity 132,567 97,219
Total liabilities and shareholders’ equity $ 1,197,190 $ 1,237,732