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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 50,522 $ 55,016
Interest-bearing deposits in depository institutions 93,328 67,975
Cash and Cash Equivalents 143,850 122,991
Investment securities available for sale, at fair value 755,081 723,254
Investment securities held-to-maturity, at amortized cost (approximate fair value at March 31, 2019 and December 31, 2018 - $56,085 and $60,706, respectively) 55,326 60,827
Other securities 26,182 28,810
Total Investment Securities 836,589 812,891
Gross loans 3,559,322 3,587,608
Allowance for loan losses (14,646) (15,966)
Net Loans 3,544,676 3,571,642
Bank owned life insurance 114,256 113,544
Premises and equipment, net 78,747 78,383
Accrued interest receivable 13,657 12,424
Net deferred tax asset 12,734 17,338
Goodwill and other intangible assets, net 121,790 122,848
Other assets 51,309 46,951
Total Assets 4,917,608 4,899,012
Deposits:    
Noninterest-bearing 793,633 789,119
Interest-bearing:    
Demand deposits 879,279 899,568
Savings deposits 988,182 934,218
Time deposits 1,381,913 1,352,654
Total Deposits 4,043,007 3,975,559
Federal funds purchased 0 40,000
Customer repurchase agreements 194,683 221,911
Long-term debt 4,053 4,053
Other liabilities 56,624 56,725
Total Liabilities 4,298,367 4,298,248
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 issued at March 31, 2019 and December 31, 2018, less 2,563,553 and 2,492,403 shares in treasury, respectively 47,619 47,619
Capital surplus 170,215 169,555
Retained earnings 498,847 485,967
Cost of common stock in treasury (91,589) (87,895)
Accumulated other comprehensive income (loss):    
Unrealized gain (loss) on securities available-for-sale 20 (8,611)
Underfunded pension liability (5,871) (5,871)
Total Accumulated Other Comprehensive Income (Loss) (5,851) (14,482)
Total Shareholders’ Equity 619,241 600,764
Total Liabilities and Shareholders’ Equity $ 4,917,608 $ 4,899,012