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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 22,861 $ 26,673
Interest-bearing deposits in other banks 11,704 9,808
Total cash and cash equivalents 34,565 36,481
Available-for-sale debt securities, at fair value 272,839 296,032
Equity securities, at fair value 920 891
Restricted stock, at cost 3,804 3,123
Loans held for sale 1,061 820
Loans, net of allowance for loan and lease losses of $8,950 and $9,519 819,529 829,581
Bank premises and equipment, net 17,518 14,425
Accrued interest receivable 3,234 3,614
Bank-owned life insurance 31,230 31,015
Other real estate owned 289 919
Net deferred tax assets 6,278 10,693
Other assets 12,274 10,138
Total assets 1,203,541 1,237,732
Liabilities    
Demand (non-interest-bearing) 179,465 156,600
Interest-bearing 822,244 939,029
Total deposits 1,001,709 1,095,629
Federal Home Loan Bank of Pittsburgh advances 46,909 18,930
Subordinated debentures 5,000
Junior subordinated debentures 10,310 10,310
Total borrowed funds 57,219 34,240
Accrued interest payable 258 338
Other liabilities 10,748 10,306
Total liabilities 1,069,934 1,140,513
Shareholders' equity    
Preferred stock ($1.25 par) Authorized: 20,000,000 shares at December 31, 2019 and December 31, 2018 Issued and outstanding: 0 shares at December 31, 2019 and December 31, 2018
Common stock ($1.25 par) Authorized: 50,000,000 shares at December 31, 2019 and December 31, 2018 Issued and outstanding: 20,171,408 shares at December 31, 2019 and 16,821,371 shares at December 31, 2018 25,214 21,026
Additional paid-in capital 81,130 63,547
Retained earnings 24,207 17,186
Accumulated other comprehensive income (loss) 3,056 (4,540)
Total shareholders' equity 133,607 97,219
Total liabilities and shareholders’ equity $ 1,203,541 $ 1,237,732