Consolidated Statement of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 69,008	$ 48,512
Interest bearing deposits in banks	3,000	1,467
Cash and cash equivalents	72,008	49,979
Investment securities - available-for-sale (at fair value)	130,792	131,305
Investment securities – held to maturity (fair value $98,311 at March 31, 2020 and $100,656 at December 31, 2019)	91,399	93,979
Restricted investment in bank stock, at cost	4,468	4,415
Loans	1,053,732	1,052,118
Unearned fees	(662)	(687)
Allowance for loan losses	(15,012)	(12,537)
Net loans	1,038,058	1,038,894
Premises and equipment, net	38,662	38,710
Goodwill, net	11,004	11,004
Bank owned life insurance	43,752	43,449
Deferred tax assets	9,500	7,441
Other real estate owned, net	4,040	4,127
Operating lease asset	2,590	2,661
Accrued interest receivable and other assets	15,240	16,063
Total Assets	1,461,513	1,442,027
Liabilities:
Non-interest bearing deposits	299,961	294,649
Interest bearing deposits	872,433	847,382
Total deposits	1,172,394	1,142,031
Short-term borrowings	39,418	48,728
Long-term borrowings	100,929	100,929
Operating lease liability	3,164	3,239
Accrued interest payable and other liabilities	26,149	20,235
Dividends Payable	910	925
Total Liabilities	1,342,964	1,316,087
Shareholders' Equity:
Common Stock – par value $.01 per share; Authorized 25,000 shares; issued and outstanding 6,966,898 shares at March 31, 2020 and 7,110,022 at December 31, 2019	70	71
Surplus	29,756	32,359
Retained earnings	120,326	119,481
Accumulated other comprehensive loss	(31,603)	(25,971)
Total Shareholders' Equity	118,549	125,940
Total Liabilities and Shareholders' Equity	$ 1,461,513	$ 1,442,027