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, 2019
Dec. 31, 2018
ASSETS    
Cash and Due From Banks $ 60,087,000 $ 62,032,000
Federal Funds Sold and Interest Bearing Deposits 318,336,000 213,968,000
Total Cash and Cash Equivalents 378,423,000 276,000,000
Investment Securities, Available for Sale, at fair value 403,601,000 446,157,000
Investment Securities, Held to Maturity, at amortized cost (fair value of $241,429 and $214,413 ) 239,539,000 217,320,000
Total Investment Securities 643,140,000 663,477,000
Loans Held For Sale 9,509,000 6,869,000
Loans, Net of Unearned Income 1,835,929,000 1,774,225,000
Allowance for Loan Losses (13,905,000) (14,210,000)
Loans, Net 1,822,024,000 1,760,015,000
Premises and Equipment, Net 84,543,000 87,190,000
Goodwill 84,811,000 84,811,000
Other Real Estate Owned 953,000 2,229,000
Other Assets 65,550,000 78,592,000
Total Assets 3,088,953,000 2,959,183,000
Deposits:    
Noninterest Bearing Deposits 1,044,699,000 947,858,000
Interest Bearing Deposits 1,600,755,000 1,583,998,000
Total Deposits 2,645,454,000 2,531,856,000
Short-Term Borrowings 6,404,000 13,541,000
Subordinated Notes Payable 52,887,000 52,887,000
Other Long-Term Borrowings 6,514,000 8,568,000
Other Liabilities 50,678,000 49,744,000
Total Liabilities 2,761,937,000 2,656,596,000
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; 16,771,544 and 16,747,571 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively 168,000 167,000
Additional Paid-In Capital 32,092,000 31,058,000
Retained Earnings 322,937,000 300,177,000
Accumulated Other Comprehensive Loss, Net of Tax (28,181,000) (28,815,000)
Total Shareowners' Equity 327,016,000 302,587,000
Total Liabilities and Shareowners' Equity $ 3,088,953,000 $ 2,959,183,000