XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and balances due from banks $ 126,307 $ 108,721
Interest-bearing deposits in other banks 60,671 108,943
Total cash and cash equivalents 186,978 217,664
Available-for-sale investment securities, at fair value (amortized cost of $1,199,677 at March 31, 2025 and $1,229,382 at December 31, 2024) [1] 1,073,674 1,083,555
Held-to-maturity investment securities, at amortized cost (fair value of $683,315 at March 31, 2025 and $692,499 at December 31, 2024) [1] 753,466 774,800
Other investment securities 51,322 60,132
Total investment securities [1] 1,878,462 1,918,487
Loans and leases, net of deferred fees and costs [2] 6,428,526 6,358,003
Allowance for credit losses (65,232) (63,348)
Net loans and leases [3] 6,363,294 6,294,655
Loans held for sale 2,407 2,348
Bank premises and equipment, net of accumulated depreciation 103,847 103,669
Bank owned life insurance 144,843 143,710
Goodwill 363,199 363,199
Other intangible assets 36,900 39,223
Other assets 166,070 171,292
Total assets 9,246,000 9,254,247
Deposits:    
Non-interest-bearing 1,526,285 1,507,661
Interest-bearing 6,208,464 6,082,544
Total deposits 7,734,749 7,590,205
Short-term borrowings 19,228 193,474
Long-term borrowings 237,000 238,073
Accrued expenses and other liabilities 117,202 120,905
Total liabilities 8,108,179 8,142,657
Stockholders’ equity    
Preferred shares, no par value, $50,000 shares authorized, no shares issued at March 31, 2025 or at December 31, 2024 0 0
Common shares, no par value, $50,000,000 shares authorized, $36,795,107 shares issued at March 31, 2025 and $36,782,601 shares issued at December 31, 2024, including at each date shares held in treasury 866,416 866,844
Retained earnings 398,218 388,109
Accumulated other comprehensive loss, net of deferred income taxes (95,691) (110,385)
Treasury stock, at cost, $1,220,262 shares at March 31, 2025 and $1,311,175 shares at December 31, 2024 (31,122) (32,978)
Total stockholders’ equity 1,137,821 1,111,590
Total liabilities and stockholders’ equity $ 9,246,000 $ 9,254,247
[1]     Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $237, respectively, at March 31, 2025, and $0 and $237, respectively, at December 31, 2024.
[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."