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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Sep. 30, 2016
ASSETS      
Cash and due from banks $ 17,882 $ 13,796 $ 13,705
Interest bearing deposits with banks 31,609 5,135 41,686
Total Cash and Cash Equivalents 49,491 18,931 55,391
Securities available for sale 158,392 142,990 143,940
Securities held to maturity, fair value $47,373; $58,566; $55,425 47,369 55,568 57,562
Loans held for sale 1,873 1,770 1,877
Loans, net of allowance for loan losses $14,105; $14,488; $14,194 1,222,265 893,716 857,535
Premises and equipment 26,590 18,153 18,224
Restricted investment in bank stocks 4,821 4,349 4,191
Investment in bank-owned life insurance 44,666 40,742 40,476
Investments in low-income housing partnerships 2,587 2,899 3,003
Goodwill 19,580 6,308 6,308
Intangible assets 2,752 688 774
Foreclosed assets held for resale 275 256 309
Other assets 26,974 19,950 19,279
Total Assets 1,607,635 1,206,320 1,208,869
Deposits:      
Non-interest bearing 273,853 180,593 186,035
Interest bearing 1,038,031 787,028 779,512
Total Deposits 1,311,884 967,621 965,547
Short-term borrowings 33,806 34,590 35,503
Long-term borrowings 96,850 74,250 76,500
Other liabilities 11,839 9,798 10,565
Total Liabilities 1,454,379 1,086,259 1,088,115
STOCKHOLDERS’ EQUITY      
Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding 0 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 7,082,245, 6,123,662 and 6,126,738 shares issued; 7,019,645, 6,061,062 and 6,064,138 shares outstanding 17,705 15,317 15,310
Treasury stock, at cost (62,600 shares) (728) (728) (728)
Additional paid-in capital 37,671 10,941 10,849
Retained earnings 103,997 100,555 99,196
Accumulated other comprehensive loss (5,389) (6,024) (3,873)
Total Stockholders’ Equity 153,256 120,061 120,754
Total Liabilities and Stockholders’ Equity $ 1,607,635 $ 1,206,320 $ 1,208,869