Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and Due From Banks $ 62,032,000 $ 58,419,000
Federal Funds Sold and Interest Bearing Deposits 213,968,000 227,023,000
Total Cash and Cash Equivalents 276,000,000 285,442,000
Investment Securities, Available for Sale, at fair value 446,157,000 480,911,000
Investment Securities, Held to Maturity, at amortized cost (fair value of $214,413 and $215,007) 217,320,000 216,679,000
Total Investment Securities 663,477,000 697,590,000
Loans Held For Sale 6,869,000 4,817,000
Loans, Net of Unearned Income 1,774,225,000 1,653,492,000
Allowance for Loan Losses (14,210,000) (13,307,000)
Loans, Net 1,760,015,000 1,640,185,000
Premises and Equipment, Net 87,190,000 91,698,000
Goodwill 84,811,000 84,811,000
Other Real Estate Owned 2,229,000 3,941,000
Other Assets 78,592,000 90,310,000
Total Assets 2,959,183,000 2,898,794,000
Deposits:    
Noninterest Bearing Deposits 947,858,000 874,583,000
Interest Bearing Deposits 1,583,998,000 1,595,294,000
Total Deposits 2,531,856,000 2,469,877,000
Short-Term Borrowings 13,541,000 7,480,000
Subordinated Notes Payable 52,887,000 52,887,000
Other Long-Term Borrowings 8,568,000 13,967,000
Other Liabilities 49,744,000 70,373,000
Total Liabilities 2,656,596,000 2,614,584,000
SHAREOWNERS' EQUITY    
Preferred Stock, $.01 par value; 3,000,000 shares authorized; no shares issued and outstanding
Common Stock, $.01 par value; 90,000,000 shares authorized; 16,747,571 and 16,988,951 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively 167,000 170,000
Additional Paid-In Capital 31,058,000 36,674,000
Retained Earnings 300,177,000 279,410,000
Accumulated Other Comprehensive Loss, Net of Tax (28,815,000) (32,044,000)
Total Shareowners' Equity 302,587,000 284,210,000
Total Liabilities and Shareowners' Equity $ 2,959,183,000 $ 2,898,794,000