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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 15,243 $ 22,861
Interest-bearing deposits in other banks 30,304 11,704
Total cash and cash equivalents 45,547 34,565
Available-for-sale debt securities, at fair value 302,638 272,839
Equity securities, at fair value 934 920
Restricted stock, at cost 4,224 3,804
Loans held for sale 470 1,061
Loans, net of allowance for loan and lease losses of $9,907 and $8,950 825,028 819,529
Bank premises and equipment, net 17,447 17,518
Accrued interest receivable 3,387 3,234
Bank-owned life insurance 31,359 31,230
Other real estate owned 85 289
Net deferred tax assets 4,950 6,278
Other assets 12,163 12,274
Total assets 1,248,232 1,203,541
Liabilities    
Demand (non-interest-bearing) 181,223 179,465
Interest-bearing 820,339 822,244
Total deposits 1,001,562 1,001,709
Borrowed funds:    
Federal Reserve Bank Discount Window advances 10,000
Federal Home Loan Bank of Pittsburgh advances 77,934 46,909
Junior subordinated debentures 10,310 10,310
Total borrowed funds 98,244 57,219
Accrued interest payable 261 258
Other liabilities 10,233 10,748
Total liabilities 1,110,300 1,069,934
Shareholders' equity    
Preferred shares ($1.25 par) Authorized: 20,000,000 shares at March 31, 2020 and December 31, 2019 Issued and outstanding: 0 shares at March 31, 2020 and December 31, 2019
Common shares ($1.25 par) Authorized: 50,000,000 shares at March 31, 2020 and December 31, 2019 Issued and outstanding: 20,174,250 shares at March 31, 2020 and 20,171,408 shares at December 31, 2019 25,217 25,214
Additional paid-in capital 81,209 81,130
Retained earnings 25,155 24,207
Accumulated other comprehensive income 6,351 3,056
Total shareholders' equity 137,932 133,607
Total liabilities and shareholders’ equity $ 1,248,232 $ 1,203,541