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CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 69,493 $ 77,649
Interest-bearing deposits in other banks (including restricted cash) 70,019 22,155
Total cash, cash equivalents and restricted cash 139,512 99,804
Investments:    
Trading securities 5,141 4,647
Available-for-sale securities, at fair value (amortized cost of $664,768 and $702,937, respectively) 603,211 625,808
Held-to-maturity securities, at amortized cost (fair value of $500,619 and $510,595, respectively) 526,251 544,931
Other investments 22,513 15,394
Total investments 1,157,116 1,190,780
Loans held for sale, at fair value (book value of $11,607 and $10,152, respectively) 11,706 10,320
Loans 4,116,729 4,098,094
Less: allowance for credit losses on loans (35,414) (36,935)
Net loans 4,081,315 4,061,159
Goodwill 94,697 94,697
Core deposit intangible assets 554 971
Bank-owned life insurance 103,587 101,501
Premises and equipment, net 35,776 35,049
Deferred tax assets 37,703 42,226
Other assets 83,214 77,999
Total assets 5,745,180 5,714,506
Deposits:    
Non-interest checking 940,702 967,750
Interest checking 1,445,828 1,553,787
Savings and money market 1,466,541 1,364,401
Certificates of deposit 553,481 609,503
Brokered deposits 168,674 101,919
Total deposits 4,575,226 4,597,360
Short-term borrowings 516,336 485,607
Junior subordinated debentures 44,331 44,331
Accrued interest and other liabilities 79,387 92,144
Total liabilities 5,215,280 5,219,442
Commitments and Contingencies (Note 8)
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 14,577,218 and 14,565,952 on September 30, 2024 and December 31, 2023, respectively 116,072 115,602
Retained earnings 500,927 481,014
Accumulated other comprehensive loss (87,099) (101,552)
Total shareholders’ equity 529,900 495,064
Total liabilities and shareholders’ equity $ 5,745,180 $ 5,714,506