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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 112,947 $ 102,755
Securities available for sale, at fair value 417,917 445,677
Securities held to maturity, at amortized cost (fair value of $363,259 and $439,581, respectively) 359,000 446,581
Loans held for sale 4,224 2,868
Loans (net of allowance for loan losses of $30,482 and $33,914, respectively) 3,190,505 3,052,684
Company owned life insurance 68,942 67,116
Premises and equipment, net 41,424 42,839
Goodwill and other intangible assets, net 74,923 76,173
Other assets 114,296 75,005
Total assets 4,384,178 4,311,698
Deposits:    
Noninterest-bearing demand 707,752 755,460
Interest-bearing demand 627,842 622,482
Savings and money market 1,039,892 968,897
Time deposits 1,180,189 1,020,068
Total deposits 3,555,675 3,366,907
Short-term borrowings 275,500 469,500
Long-term borrowings, net of issuance costs of $727 and $798, respectively 39,273 39,202
Other liabilities 74,783 39,796
Total liabilities 3,945,231 3,915,405
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Total preferred equity 17,328 17,328
Common stock, $0.01 par value; 50,000,000 shares authorized; 16,099,556 and 16,056,178 shares issued, respectively 161 161
Additional paid-in capital 124,582 122,704
Retained earnings 313,364 279,867
Accumulated other comprehensive loss (14,513) (21,281)
Treasury stock, at cost – 96,657 and 127,580 shares, respectively (1,975) (2,486)
Total shareholders’ equity 438,947 396,293
Total liabilities and shareholders’ equity 4,384,178 4,311,698
Series A 3% Preferred Stock [Member]    
Shareholders’ equity:    
Total preferred equity 143 143
Series B-1 8.48% Preferred Stock [Member]    
Shareholders’ equity:    
Total preferred equity $ 17,185 $ 17,185