XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 34,893 $ 17,321
Cash and cash equivalents 34,893 17,321
Available-for-sale investment securities at fair value (amortized cost of $88,434 and $98,765) 87,122 96,643
Held-to-maturity investment securities (fair value of $60,906 and $61,135) 61,000 62,026
Total investment securities 148,122 158,669
Loans held for sale 449 419
Loans 933,697 934,971
Allowance for credit losses (6,719) (6,675)
Net loans 926,978 928,296
Restricted stock 6,389 5,616
Office property and equipment, net 7,360 7,636
Operating lease right-of-use asset 3,976  
Accrued interest receivable 4,396 4,207
Other real estate owned & other repossessed property 3,466 5,051
Bank owned life insurance (BOLI) 9,582 9,530
Core deposit intangible 322 343
Goodwill 15,525 15,525
Net deferred taxes 2,407 2,762
Other assets 2,829 2,860
Total assets 1,166,694 1,158,235
Liabilities    
Non-interest-bearing deposits 166,806 164,746
Interest-bearing deposits:    
NOW 233,077 236,071
Money market 231,524 235,023
Savings 78,748 77,979
Time 162,939 162,096
Brokered deposits 107,163 108,651
Total deposits 980,257 984,566
Federal Home Loan Bank of Pittsburgh (FHLBP) advances 41,918 32,935
Junior subordinated debentures 9,279 9,279
Subordinated debt 9,750 9,750
Other borrowings 289 3,305
Total borrowings 61,236 55,269
Accrued interest payable 699 646
Other liabilities 5,158 5,908
Operating lease liability 4,358  
Total liabilities 1,051,708 1,046,389
Stockholders' Equity    
Common stock, $1.00 par value; 20,000,000 shares authorized; 4,381,872 and 4,381,872 issued, respectively; 4,327,415 and 4,321,745 outstanding, respectively 4,382 4,391
Treasury stock, at cost; 54,457 and 60,127 shares, respectively (1,027) (1,130)
Surplus 69,454 69,333
Retained earnings 44,507 42,223
Accumulated other comprehensive loss, net (2,330) (2,971)
Total stockholders' equity 114,986 111,846
Total liabilities and stockholders' equity $ 1,166,694 $ 1,158,235