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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
ASSETS      
Cash and Due From Banks $ 38,267 $ 47,035 $ 34,650
Interest-Bearing Deposits at Banks 215,003 23,186 28,045
Investment Securities:      
Available-for-Sale at Fair Value 378,778 357,334 285,878
Held-to-Maturity (Approximate Fair Value of $241,875,000 at June 30, 2020; $249,618,000 at December 31, 2019; and $266,068,000 at June 30, 2019) 233,517 245,065 262,541
Equity Securities 1,583 2,063 1,850
FHLB and Federal Reserve Bank Stock 5,574 10,317 8,202
Loans 2,561,915 2,386,120 2,280,308
Allowance for Loan Losses (26,300) (21,187) (20,695)
Net Loans 2,535,615 2,364,933 2,259,613
Premises and Equipment, Net 41,231 40,629 38,836
Goodwill 21,873 21,873 21,873
Other Intangible Assets, Net 1,662 1,661 1,730
Other Assets 74,074 70,179 62,532
Total Assets 3,547,177 3,184,275 3,005,750
LIABILITIES      
Noninterest-Bearing Deposits 667,585 484,944 467,179
Interest-Bearing Checking Accounts 791,521 689,221 741,395
Savings Deposits 1,262,102 1,046,568 908,642
Time Deposits over $250,000 130,935 123,968 97,220
Other Time Deposits 216,630 271,353 289,317
Total Deposits 3,068,773 2,616,054 2,503,753
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 47,599 51,099 51,149
Federal Home Loan Bank Overnight Advances 0 130,000 83,000
Federal Home Loan Bank Term Advances 50,000 30,000 30,000
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 20,000 20,000 20,000
Finance Leases 5,239 5,254 5,270
Other Liabilities 37,879 30,140 27,929
Total Liabilities 3,229,490 2,882,547 2,721,101
STOCKHOLDERS’ EQUITY      
Preferred Stock, $1 Par Value and 1,000,000 Shares Authorized at June 30, 2020, December 31, 2019 and June 30, 2019 0 0 0
Common Stock, $1 Par Value; 30,000,000 Shares Authorized (19,606,449 Shares Issued at June 30, 2020 and December 31, 2019 and 19,035,565 at June 30, 2019) 19,606 19,606 19,035
Additional Paid-in Capital 336,643 335,355 316,229
Retained Earnings 42,704 33,218 39,397
Unallocated ESOP Shares (None at June 30, 2020 and December 31, 2019 and 5,001 Shares at June 30, 2019) 0 0 (100)
Accumulated Other Comprehensive Loss (276) (6,357) (9,647)
Treasury Stock, at Cost (4,595,891 Shares at June 30, 2020; 4,608,258 Shares at December 31, 2019 and 4,517,412 Shares at June 30, 2019) (80,990) (80,094) (80,265)
Total Stockholders’ Equity 317,687 301,728 284,649
Total Liabilities and Stockholders’ Equity $ 3,547,177 $ 3,184,275 $ 3,005,750