Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 48,343	$ 72,720
Interest bearing deposits in banks	1,410	1,595
Cash and cash equivalents	49,753	74,315
Investment securities - available for sale (at fair value)	97,169	125,889
Investment securities - held to maturity, net of allowance for credit losses of $45 and $0, respectively (fair value of $184,415 at December 31, 2023 and $203,080 at December 31, 2022)	214,297
Investment securities - held to maturity, net of allowance for credit losses of $45 and $0, respectively (fair value of $184,415 at December 31, 2023 and $203,080 at December 31, 2022), pre ASU change		235,659
Restricted investment in bank stock, at cost	5,250	1,027
Loans held for sale	443	0
Loans	1,406,667	1,279,494
Unearned fees	(340)	(174)
Allowance for credit losses	(17,480)	(14,636)
Net loans	1,388,847	1,264,684
Premises and equipment, net	31,459	34,948
Goodwill and other intangibles	12,103	12,433
Bank owned life insurance	47,607	46,346
Deferred tax assets	11,133	10,605
Other real estate owned, net	4,493	4,733
Right of use asset	1,367	1,898
Pension asset	11,208	8,001
Accrued interest receivable	7,487	6,051
Other assets	23,244	21,580
Total Assets	1,905,860	1,848,169
Liabilities:
Non-interest bearing deposits	427,670	506,613
Interest bearing deposits	1,123,307	1,064,120
Total deposits	1,550,977	1,570,733
Short-term borrowings	45,418	64,565
Long-term borrowings	110,929	30,929
Operating lease liability	1,556	2,373
SERP deferred compensation	9,777	7,194
Allowance for credit losses on unfunded commitments	873	133
Accrued interest payable	612	151
Other Liabilities	22,515	19,099
Dividends payable	1,330	1,199
Total Liabilities	1,743,987	1,696,376
Shareholders' Equity:
Common Stock - par value $0.01 per share; Authorized 25,000,000 shares; issued and outstanding 6,639,888 shares at December 31, 2023 and 6,666,428 shares at December 31, 2022	66	67
Surplus	23,734	24,409
Retained earnings	173,900	166,343
Accumulated other comprehensive loss	(35,827)	(39,026)
Total Shareholders' Equity	161,873	151,793
Total Liabilities and Shareholders' Equity	$ 1,905,860	$ 1,848,169