XML 17 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements Of Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 77,649 $ 50,566
Interest-bearing deposits in other banks (including restricted cash) 22,155 24,861
Total cash, cash equivalents and restricted cash 99,804 75,427
Securities    
Trading securities 4,647 3,990
Available-for-sale securities, at fair value (amortized cost of $702,937 and $796,960, respectively) 625,808 695,875
Held-to-maturity securities, at amortized cost (fair value of $510,595 and $506,193, respectively) 544,931 546,583
Other investments 15,394 12,713
Total investments 1,190,780 1,259,161
Loans held for sale, at fair value (book value of $10,152 and $5,259, respectively) 10,320 5,197
Loans 4,098,094 4,010,353
Less: allowance for credit losses on loans (36,935) (36,922)
Net loans 4,061,159 3,973,431
Goodwill 94,697 94,697
Core deposit intangible assets 971 1,563
Bank-owned life insurance 101,501 99,142
Premises and equipment, net 35,049 36,022
Deferred tax assets 42,226 50,217
Other assets 77,999 76,993
Total assets 5,714,506 5,671,850
Deposits    
Non-interest checking 967,750 1,141,753
Interest checking 1,553,787 1,763,850
Savings and money market 1,364,401 1,439,622
Certificates of deposit 609,503 300,451
Brokered deposits 101,919 181,253
Total deposits 4,597,360 4,826,929
Short-term borrowings 485,607 265,176
Junior subordinated debentures 44,331 44,331
Accrued interest and other liabilities 92,144 84,136
Total liabilities 5,219,442 5,220,572
Commitments and contingencies (Note 11)
Shareholders' Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 14,565,952 and 14,567,325 on December 31, 2023 and 2022, respectively 115,602 115,069
Retained earnings 481,014 462,164
Accumulated other comprehensive loss (101,552) (125,955)
Total shareholders’ equity 495,064 451,278
Total liabilities and shareholders’ equity $ 5,714,506 $ 5,671,850