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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 119,610 $ 112,947
Securities available for sale, at fair value 469,413 417,917
Securities held to maturity, at amortized cost (net of allowance for credit losses of $8 and $0, respectively) (fair value of $320,954 and $363,259, respectively) 309,872 359,000
Loans held for sale 6,654 4,224
Loans (net of allowance for credit losses of $46,316 and $30,482, respectively) 3,439,505 3,190,505
Company owned life insurance 69,876 68,942
Premises and equipment, net 41,403 41,424
Goodwill and other intangible assets, net 74,342 74,923
Other assets 150,255 114,296
Total assets 4,680,930 4,384,178
Deposits:    
Noninterest-bearing demand 1,008,958 707,752
Interest-bearing demand 727,676 627,842
Savings and money market 1,368,805 1,039,892
Time deposits 888,569 1,180,189
Total deposits 3,994,008 3,555,675
Short-term borrowings 105,300 275,500
Long-term borrowings, net of issuance costs of $692 and $727, respectively 39,308 39,273
Other liabilities 94,269 74,783
Total liabilities 4,232,885 3,945,231
Shareholders’ equity:    
Total preferred equity 17,328 17,328
Common stock, $0.01 par value; 50,000,000 shares authorized; 16,099,556 shares issued 161 161
Additional paid-in capital 124,523 124,582
Retained earnings 307,845 313,364
Accumulated other comprehensive loss (496) (14,513)
Treasury stock, at cost – 61,971 and 96,657 shares, respectively (1,316) (1,975)
Total shareholders’ equity 448,045 438,947
Total liabilities and shareholders’ equity 4,680,930 4,384,178
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