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CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 68,690 $ 77,649
Interest-bearing deposits in other banks (including restricted cash) 108,029 22,155
Total cash, cash equivalents and restricted cash 176,719 99,804
Investments:    
Trading securities 4,847 4,647
Available-for-sale securities, at fair value (amortized cost of $685,263 and $702,937, respectively) 601,576 625,808
Held-to-maturity securities, at amortized cost (fair value of $496,517 and $510,595, respectively) 540,349 544,931
Other investments 16,392 15,394
Total investments 1,163,164 1,190,780
Loans held for sale, at fair value (book value of $9,441 and $10,152, respectively) 9,524 10,320
Loans 4,121,040 4,098,094
Less: allowance for credit losses on loans (35,613) (36,935)
Net loans 4,085,427 4,061,159
Goodwill 94,697 94,697
Core deposit intangible assets 832 971
Bank-owned life insurance 102,184 101,501
Premises and equipment, net 34,789 35,049
Deferred tax assets 42,087 42,226
Other assets 85,362 77,999
Total assets 5,794,785 5,714,506
Deposits:    
Non-interest checking 929,314 967,750
Interest checking 1,503,045 1,553,787
Savings and money market 1,379,437 1,364,401
Certificates of deposit 585,786 609,503
Brokered deposits 153,942 101,919
Total deposits 4,551,524 4,597,360
Short-term borrowings 601,499 485,607
Junior subordinated debentures 44,331 44,331
Accrued interest and other liabilities 95,854 92,144
Total liabilities 5,293,208 5,219,442
Commitments and Contingencies (Note 7)
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 14,593,830 and 14,565,952 on March 31, 2024 and December 31, 2023, respectively 116,449 115,602
Retained earnings 488,143 481,014
Accumulated other comprehensive loss (103,015) (101,552)
Total shareholders’ equity 501,577 495,064
Total liabilities and shareholders’ equity $ 5,794,785 $ 5,714,506