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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 66,350 $ 68,333
Interest-bearing deposits in depository institutions 164,931 131,667
Cash and Cash Equivalents 231,281 200,000
Investment securities available for sale, at fair value (amortized cost $1,586,870 and $1,673,864, net of allowance for credit losses of $0 at June 30, 2023 and December 31, 2022, respectively) 1,419,933 1,505,520
Other securities 29,262 23,807
Total Investment Securities 1,449,195 1,529,327
Gross loans 3,922,142 3,646,258
Allowance for credit losses (22,751) (17,108)
Net Loans 3,899,391 3,629,150
Bank owned life insurance 117,173 120,674
Premises and equipment, net 73,118 70,786
Accrued interest receivable 17,973 18,287
Deferred tax assets, net 46,944 44,884
Goodwill and other intangible assets, net 163,426 115,735
Other assets 148,333 149,263
Total Assets 6,146,834 5,878,106
Deposits:    
Noninterest-bearing 1,373,106 1,351,415
Interest-bearing:    
Demand deposits 1,337,445 1,233,482
Savings deposits 1,343,571 1,396,869
Time deposits 960,941 888,100
Total Deposits 5,015,063 4,869,866
Customer repurchase agreements 271,714 290,964
FHLB long-term advances 100,000 0
Other liabilities 123,865 139,424
Total Liabilities 5,510,642 5,300,254
Commitments and contingencies - see Note I
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 June 30, 2023 and December 31, 2022, less 4,040,493 and 4,259,399 shares in treasury, respectively 47,619 47,619
Capital surplus 176,746 170,980
Retained earnings 744,248 706,696
Cost of common stock in treasury (201,973) (215,955)
Accumulated other comprehensive (loss) income:    
Unrealized (loss) on securities available-for-sale (127,026) (128,066)
Underfunded pension liability (3,422) (3,422)
Total Accumulated Other Comprehensive (Loss) Income (130,448) (131,488)
Total Shareholders’ Equity 636,192 578,027
Total Liabilities and Shareholders’ Equity $ 6,146,834 $ 5,878,106