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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 164,887 $ 62,263
Interest-bearing deposits in depository institutions 25,925 25,876
Cash and Cash Equivalents 190,812 88,139
Investment securities available for sale, at fair value 470,098 450,083
Investment securities held-to-maturity, at amortized cost (approximate fair value at March 31, 2017 and December 31, 2016 - $73,656 and $76,445, respectively) 72,308 75,169
Other securities 10,240 14,352
Total Investment Securities 552,646 539,604
Gross loans 3,074,173 3,046,226
Allowance for loan losses (19,209) (19,730)
Net Loans 3,054,964 3,026,496
Bank owned life insurance 101,481 100,732
Premises and equipment, net 73,805 75,165
Accrued interest receivable 8,644 8,408
Net deferred tax asset 24,606 28,043
Goodwill and other intangible assets, net 79,000 79,135
Other assets 38,029 38,681
Total Assets 4,123,987 3,984,403
Liabilities    
Noninterest-bearing 714,791 672,286
Interest-bearing:    
Demand deposits 743,246 695,891
Savings deposits 874,031 822,057
Time deposits 1,060,690 1,041,419
Total Deposits 3,392,758 3,231,653
Federal funds purchased 0 64,100
Customer repurchase agreements 186,686 184,205
Long-term debt 16,495 16,495
Other liabilities 46,402 45,512
Total Liabilities 3,642,341 3,541,965
Shareholders’ Equity    
Preferred stock, par value $25 per share: 500,000 shares authorized; none issued 0 0
Common stock, par value $2.50 per share: 50,000,000 shares authorized; 19,047,548 shares and 18,606,944 shares issued at March 31, 2017 and December 31, 2017, less 3,462,038 and 3,478,511 shares in treasury, respectively 47,619 46,518
Capital surplus 140,305 112,873
Retained earnings 426,126 417,017
Cost of common stock in treasury (126,265) (126,958)
Accumulated other comprehensive income (loss):    
Unrealized gain on securities available-for-sale (1,479) (2,352)
Underfunded pension liability (4,660) (4,660)
Total Accumulated Other Comprehensive Income (Loss) (6,139) (7,012)
Total Shareholders’ Equity 481,646 442,438
Total Liabilities and Shareholders’ Equity $ 4,123,987 $ 3,984,403