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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 62,085 $ 68,333
Interest-bearing deposits in depository institutions 48,631 131,667
Cash and Cash Equivalents 110,716 200,000
Investment securities available for sale, at fair value (amortized cost $1,572,696 and $1,673,864, net of allowance for credit losses of $0 at September 30, 2023 and December 31, 2022, respectively) 1,358,219 1,505,520
Other securities 29,022 23,807
Total Investment Securities 1,387,241 1,529,327
Gross loans 4,007,482 3,646,258
Allowance for credit losses (23,128) (17,108)
Net Loans 3,984,354 3,629,150
Bank owned life insurance 117,979 120,674
Premises and equipment, net 72,682 70,786
Accrued interest receivable 19,223 18,287
Deferred tax assets, net 58,811 44,884
Goodwill and other intangible assets, net 163,461 115,735
Other assets 161,659 149,263
Total Assets 6,076,126 5,878,106
Deposits:    
Noninterest-bearing 1,333,474 1,351,415
Interest-bearing:    
Demand deposits 1,319,783 1,233,482
Savings deposits 1,282,642 1,396,869
Time deposits 1,009,235 888,100
Total Deposits 4,945,134 4,869,866
Customer repurchase agreements 278,671 290,964
FHLB long-term advances 100,000 0
Other liabilities 142,187 139,424
Total Liabilities 5,465,992 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 September 30, 2023 and December 31, 2022, less 4,146,125 and 4,259,399 shares in treasury, respectively 47,619 47,619
Capital surplus 177,113 170,980
Retained earnings 763,425 706,696
Cost of common stock in treasury (211,430) (215,955)
Accumulated other comprehensive (loss) income:    
Unrealized (loss) on securities available-for-sale (163,171) (128,066)
Underfunded pension liability (3,422) (3,422)
Total Accumulated Other Comprehensive (Loss) (166,593) (131,488)
Total Shareholders’ Equity 610,134 578,027
Total Liabilities and Shareholders’ Equity $ 6,076,126 $ 5,878,106