XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and balances due from banks $ 103,784 $ 111,680
Interest-bearing deposits in other banks 325,936 315,042
Total cash and cash equivalents 429,720 426,722
Available-for-sale investment securities, at fair value (amortized cost of $1,262,319 at March 31, 2023 and $1,184,288 at December 31, 2023) [1] 1,116,466 1,048,322
Held-to-maturity investment securities, at amortized cost (fair value of $612,022 at March 31, 2023 and $612,022 at December 31, 2023) [1] 679,506 683,657
Other investment securities 62,939 63,421
Total investment securities [1] 1,858,911 1,795,400
Loans and leases, net of deferred fees and costs [2] 6,202,827 6,159,196
Allowance for credit losses (64,822) (62,011)
Net loans and leases [3] 6,138,005 6,097,185
Loans held for sale 3,030 1,866
Bank premises and equipment, net of accumulated depreciation 107,258 103,856
Bank owned life insurance 141,568 140,554
Goodwill 362,169 362,169
Other intangible assets 47,116 50,003
Other assets 182,997 179,627
Total assets 9,270,774 9,157,382
Deposits:    
Non-interest-bearing 1,468,363 1,567,649
Interest-bearing 5,858,193 5,584,648
Total deposits 7,326,556 7,152,297
Short-term borrowings 513,496 601,121
Long-term borrowings 236,283 216,241
Accrued expenses and other liabilities 132,437 134,189
Total liabilities 8,208,772 8,103,848
Stockholders’ equity    
Preferred shares, no par value, $50,000 shares authorized, no shares issued at March 31, 2024 or at December 31, 2023 0 0
Common shares, no par value, $50,000,000 shares authorized, $36,747,787 shares issued at March 31, 2024 and $36,736,041 shares issued at December 31, 2023, including at each date shares held in treasury 861,925 865,227
Retained earnings 343,076 327,237
Accumulated other comprehensive loss, net of deferred income taxes (108,940) (101,590)
Treasury stock, at cost, $1,355,337 shares at March 31, 2024 and $1,511,348 shares at December 31, 2023 (34,059) (37,340)
Total stockholders’ equity 1,062,002 1,053,534
Total liabilities and stockholders’ equity $ 9,270,774 $ 9,157,382
[1]     Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $238, respectively, at March 31, 2024, and $0 and $238, respectively, at December 31, 2023.
[2] Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" and "loans held for investment."
[3] Also referred to throughout this Quarterly Report on Form 10-Q as "net loans."