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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 16,469 $ 21,006
Interest bearing deposits with other banks 28,248 57,452
Cash and cash equivalents 44,717 78,458
Debt securities available for sale (at fair value) 405,201 401,103
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) 96,163 98,060
Less: allowance for credit losses 0 0
Debt securities held to maturity, net 96,163 98,060
Equity investments (at fair value) 29,494 20,609
Other investments 16,029 10,897
Loans held for sale 0 227
Loans net of unearned fees 3,082,818 2,761,391
Less: allowance for credit losses (38,899) (32,298)
Loans, net 3,043,919 2,729,093
Property held for sale 5,067 9,858
Premises and equipment, net 53,981 56,371
Accrued interest and fees receivable 15,866 10,578
Goodwill and other intangible assets, net 62,150 63,590
Cash surrender value of life insurance policies and annuities 71,640 60,613
Derivative financial instruments 40,506 11,187
Other assets 31,959 26,075
Total assets 3,916,692 3,576,719
Deposits    
Non-interest bearing 553,616 568,986
Interest bearing 2,616,263 2,374,103
Total deposits 3,169,879 2,943,089
Short-term borrowings 225,999 140,146
Long-term borrowings 658 679
Subordinated debentures, net 103,296 102,891
Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589
Other liabilities 42,741 42,852
Total liabilities 3,562,162 3,249,246
Commitments and Contingencies
Shareholders' Equity    
Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2022 and 2021 - 1,500 shares 14,920 14,920
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2022 - 12,783,646 shares, 2021 - 12,763,827 shares; outstanding: 2022 - 12,783,646 shares, 2021 - 12,743,125 shares 90,696 89,525
Unallocated common stock held by Employee Stock Ownership Plan - 2021 - 20,702 shares 0 (224)
Retained earnings 260,393 217,770
Accumulated other comprehensive (loss) income (11,479) 5,482
Total shareholders' equity 354,530 327,473
Total liabilities and shareholders' equity $ 3,916,692 $ 3,576,719