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CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 55,073 $ 38,902
Interest-bearing deposits in other banks (including restricted cash) 26,939 181,723
Total cash, cash equivalents and restricted cash 82,012 220,625
Investments:    
Trading securities 3,727 4,428
Available-for-sale securities, at fair value (amortized cost of $833,888 and $1,508,981, respectively) 723,618 1,507,486
Held-to-maturity securities, at amortized cost (fair value of $491,759 and $1,380, respectively) 534,309 1,291
Other investments 15,108 10,280
Total investments 1,276,762 1,523,485
Loans held for sale, at fair value (book value of $4,863 and $5,786, respectively) 4,629 5,815
Loans 3,860,680 3,431,474
Less: allowance for credit losses on loans (36,542) (33,256)
Net loans 3,824,138 3,398,218
Goodwill 94,697 94,697
Core deposit intangible assets 1,719 2,188
Bank-owned life insurance 98,760 97,241
Premises and equipment, net 36,179 37,775
Deferred tax assets 53,693 19,210
Other assets 79,135 101,102
Total assets 5,551,724 5,500,356
Deposits:    
Non-interest checking 1,245,137 1,279,565
Interest checking 1,460,571 1,351,736
Savings and money market 1,493,518 1,459,472
Certificates of deposit 279,603 309,648
Brokered deposits 89,775 208,468
Total deposits 4,568,604 4,608,889
Short-term borrowings 421,101 211,608
Subordinated debentures 44,331 44,331
Accrued interest and other liabilities 86,681 94,234
Total liabilities 5,120,717 4,959,062
Commitments and Contingencies
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 14,563,828 and 14,739,956 shares on September 30, 2022 and December 31, 2021, respectively 114,536 123,111
Retained earnings 452,927 424,412
Accumulated other comprehensive loss (136,456) (6,229)
Total shareholders’ equity 431,007 541,294
Total liabilities and shareholders’ equity $ 5,551,724 $ 5,500,356