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CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 91,291 $ 50,566
Interest-bearing deposits in other banks (including restricted cash) 120,223 24,861
Total cash, cash equivalents and restricted cash 211,514 75,427
Investments:    
Trading securities 4,195 3,990
Available-for-sale securities, at fair value (amortized cost of $705,019 and $796,960, respectively) 589,003 695,875
Held-to-maturity securities, at amortized cost (fair value of $483,547 and $506,193, respectively) 549,961 546,583
Other investments 14,459 12,713
Total investments 1,157,618 1,259,161
Loans held for sale, at fair value (book value of $11,299 and $5,259, respectively) 11,187 5,197
Loans 4,058,413 4,010,353
Less: allowance for credit losses on loans (36,407) (36,922)
Net loans 4,022,006 3,973,431
Goodwill 94,697 94,697
Core deposit intangible assets 1,119 1,563
Bank-owned life insurance 101,001 99,142
Premises and equipment, net 35,121 36,022
Deferred tax assets 50,247 50,217
Other assets 95,165 76,993
Total assets 5,779,675 5,671,850
Deposits:    
Non-interest checking 1,023,239 1,141,753
Interest checking 1,579,991 1,763,850
Savings and money market 1,389,180 1,439,622
Certificates of deposit 552,111 300,451
Brokered deposits 133,885 181,253
Total deposits 4,678,406 4,826,929
Short-term borrowings 470,140 265,176
Junior subordinated debentures 44,331 44,331
Accrued interest and other liabilities 123,500 84,136
Total liabilities 5,316,377 5,220,572
Commitments and Contingencies (Note 7)
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 14,558,137 and 14,567,325 on September 30, 2023 and December 31, 2022, respectively 114,842 115,069
Retained earnings 478,664 462,164
Accumulated other comprehensive loss (130,208) (125,955)
Total shareholders’ equity 463,298 451,278
Total liabilities and shareholders’ equity $ 5,779,675 $ 5,671,850