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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 282,070 $ 112,947
Securities available for sale, at fair value 515,971 417,917
Securities held to maturity, at amortized cost (net of allowance for credit losses of $8 and $0, respectively) (fair value of $301,878 and $363,259, respectively) 290,946 359,000
Loans held for sale 7,076 4,224
Loans (net of allowance for credit losses of $49,395 and $30,482, respectively) 3,519,144 3,190,505
Company owned life insurance 70,347 68,942
Premises and equipment, net 40,568 41,424
Goodwill and other intangible assets, net 74,062 74,923
Other assets 159,017 114,296
Total assets 4,959,201 4,384,178
Deposits:    
Noninterest-bearing demand 1,013,176 707,752
Interest-bearing demand 786,059 627,842
Savings and money market 1,724,463 1,039,892
Time deposits 841,230 1,180,189
Total deposits 4,364,928 3,555,675
Short-term borrowings 5,300 275,500
Long-term borrowings, net of issuance costs of $742 and $727, respectively 39,258 39,273
Other liabilities 93,354 74,783
Total liabilities 4,502,840 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 124,812 124,582
Retained earnings 315,585 313,364
Accumulated other comprehensive loss (209) (14,513)
Treasury stock, at cost – 61,971 and 96,657 shares, respectively (1,316) (1,975)
Total shareholders’ equity 456,361 438,947
Total liabilities and shareholders’ equity 4,959,201 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