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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and balances due from banks $ 119,981 $ 111,680
Interest-bearing deposits in other banks 115,890 315,042
Total cash and cash equivalents 235,871 426,722
Available-for-sale investment securities, at fair value (amortized cost of $ 1,266,060 at June 30, 2024 and $1,184,288 at December 31, 2023) [1] 1,119,139 1,048,322
Held-to-maturity investment securities, at amortized cost (fair value of $622,593 at June 30, 2024 and $612,022 at December 31, 2023) [1] 701,984 683,657
Other investment securities 62,742 63,421
Total investment securities [1] 1,883,865 1,795,400
Loans and leases, net of deferred fees and costs [2] 6,325,371 6,159,196
Allowance for credit losses (66,247) (62,011)
Net loans and leases [3] 6,259,124 6,097,185
Loans held for sale 3,832 1,866
Bank premises and equipment, net of accumulated depreciation 106,589 103,856
Bank owned life insurance 142,605 140,554
Goodwill 362,169 362,169
Other intangible assets 44,248 50,003
Other assets 188,158 179,627
Total assets 9,226,461 9,157,382
Deposits:    
Non-interest-bearing 1,472,697 1,567,649
Interest-bearing 5,825,077 5,584,648
Total deposits 7,297,774 7,152,297
Short-term borrowings 482,733 601,121
Long-term borrowings 234,257 216,241
Accrued expenses and other liabilities 133,864 134,189
Total liabilities 8,148,628 8,103,848
Stockholders’ equity    
Preferred shares, no par value, $50,000 shares authorized, no shares issued at June 30, 2024 or at December 31, 2023 0 0
Common shares, no par value, $50,000,000 shares authorized, $36,760,516 shares issued at June 30, 2024 and $36,736,041 shares issued at December 31, 2023, including at each date shares held in treasury 863,975 865,227
Retained earnings 357,886 327,237
Accumulated other comprehensive loss, net of deferred income taxes (110,193) (101,590)
Treasury stock, at cost, $1,347,476 shares at June 30, 2024 and $1,511,348 shares at December 31, 2023 (33,835) (37,340)
Total stockholders’ equity 1,077,833 1,053,534
Total liabilities and stockholders’ equity $ 9,226,461 $ 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 June 30, 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."