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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 97,709 $ 77,412
Interest-bearing deposits in depository institutions 659,090 451,247
Cash and Cash Equivalents 756,799 528,659
Investment securities available for sale, at fair value 1,185,245 1,178,789
Other securities 27,182 27,372
Total Investment Securities 1,212,427 1,206,161
Gross loans 3,546,723 3,622,119
Allowance for credit losses (24,076) (24,549)
Net Loans 3,522,647 3,597,570
Bank owned life insurance 118,976 118,243
Premises and equipment, net 76,529 76,925
Accrued interest receivable 16,231 15,793
Net deferred tax asset 1,395 0
Goodwill and other intangible assets, net 118,224 118,592
Other assets 71,142 96,697
Total Assets 5,894,370 5,758,640
Deposits:    
Noninterest-bearing 1,244,175 1,176,990
Interest-bearing:    
Demand deposits 1,077,749 1,027,201
Savings deposits 1,265,038 1,188,003
Time deposits 1,209,873 1,260,022
Total Deposits 4,796,835 4,652,216
Securities sold under agreements to repurchase 316,003 295,956
Net deferred tax liability 0 3,202
Other liabilities 89,847 106,160
Total Liabilities 5,202,685 5,057,534
Commitments and contingencies - see Note H
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, 2021 and December 31, 2020, less 3,323,801 and 3,280,040 shares in treasury, respectively 47,619 47,619
Capital surplus 170,526 171,304
Retained earnings 600,396 589,988
Cost of common stock in treasury (142,484) (139,038)
Accumulated other comprehensive income:    
Unrealized gain on securities available-for-sale 21,289 36,894
Underfunded pension liability (5,661) (5,661)
Total Accumulated Other Comprehensive Income 15,628 31,233
Total Shareholders’ Equity 691,685 701,106
Total Liabilities and Shareholders’ Equity $ 5,894,370 $ 5,758,640