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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 93,878 $ 112,947
Securities available for sale, at fair value 628,059 417,917
Securities held to maturity, at amortized cost (net of allowance for credit losses of $7 and $0, respectively) (fair value of $282,035 and $363,259, respectively) 271,966 359,000
Loans held for sale 4,305 4,224
Loans (net of allowance for credit losses of $52,420 and $30,482, respectively) 3,542,718 3,190,505
Company owned life insurance 100,895 68,942
Premises and equipment, net 40,610 41,424
Goodwill and other intangible assets, net 73,789 74,923
Other assets 156,086 114,296
Total assets 4,912,306 4,384,178
Deposits:    
Noninterest-bearing demand 1,018,549 707,752
Interest-bearing demand 731,885 627,842
Savings and money market 1,642,340 1,039,892
Time deposits 885,593 1,180,189
Total deposits 4,278,367 3,555,675
Short-term borrowings 5,300 275,500
Long-term borrowings, net of issuance costs of $1,377 and $727, respectively 73,623 39,273
Other liabilities 86,653 74,783
Total liabilities 4,443,943 3,945,231
Commitments and contingencies (Note 14)
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 125,118 124,582
Retained earnings 324,850 313,364
Accumulated other comprehensive income (loss) 2,128 (14,513)
Treasury stock, at cost – 57,630 and 96,657 shares, respectively (1,222) (1,975)
Total shareholders’ equity 468,363 438,947
Total liabilities and shareholders’ equity 4,912,306 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