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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 32,572 $ 31,952
Interest-bearing deposits in banks 7,975 42,874
Federal funds sold 32,000  
Cash and cash equivalents 72,547 74,826
Certificates of deposit in banks 4,218 4,165
Securities held-to-maturity, at amortized cost (fair value of $103,174 and $105,277, respectively) 126,793 131,581
Securities available-for-sale (amortized cost of $703,915 and $758,428, respectively) 621,091 665,887
Loans held for sale 4,595 3,413
Loans, net of unearned income 2,240,006 1,803,127
Less allowance for credit losses (28,991) (24,310)
Net loans 2,211,015 1,778,817
Premises and equipment, net 45,216 40,213
Accrued interest receivable 14,091 10,083
Bank owned life insurance 47,001 46,395
Foreclosed assets 92 609
Deferred income taxes 29,901 30,540
Core deposit intangible 1,445 2,116
Goodwill 27,817 27,817
Restricted equity securities, at cost 13,433 5,685
Other assets 15,995 11,235
Total assets 3,235,250 2,833,382
Liabilities and Stockholders' Equity    
Noninterest-bearing deposits 628,415 672,956
Interest bearing deposits 2,102,240 1,841,243
Total deposits 2,730,655 2,514,199
Securities sold under agreements to repurchase 16,731 8,181
Federal Home Loan Bank advances 230,000 95,000
Federal Reserve Bank discount window borrowings   25,000
Subordinated debentures, net of loan costs 39,492 39,419
Accrued interest payable and other liabilities 15,551 13,397
Total liabilities 3,032,429 2,695,196
Common stock related to 401(k) Employee Stock Ownership Plan 4,483 4,160
Stockholders' Equity    
Common stock ($1 par value; 15,000,000 and 10,000,000 shares authorized; 7,670,318 and 6,665,585 shares issued; 7,655,860 and 6,656,386 shares outstanding, respectively) 7,670 6,666
Additional paid-in capital 137,017 104,294
Retained earnings 124,333 100,826
Accumulated other comprehensive loss (64,003) (71,564)
Unvested restricted stock (1,700) (1,730)
Treasury stock at cost (14,458 and 9,199 shares, respectively) (496) (306)
Common stock related to 401(k) Employee Stock Ownership Plan (4,483) (4,160)
Total stockholders' equity 198,338 134,026
Total equity 202,821 138,186
Total liabilities and stockholders' equity $ 3,235,250 $ 2,833,382