XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 206,387 $ 93,878
Securities available for sale, at fair value 902,845 628,059
Securities held to maturity, at amortized cost (net of allowance for credit losses of $6 and $7, respectively) (fair value of $226,044 and $282,035, respectively) 218,858 271,966
Loans held for sale 3,929 4,305
Loans (net of allowance for credit losses of $46,365 and $52,420, respectively) 3,585,803 3,542,718
Company owned life insurance 102,257 100,895
Premises and equipment, net 43,572 40,610
Goodwill and other intangible assets, net 74,262 73,789
Other assets 157,189 156,086
Total assets 5,295,102 4,912,306
Deposits:    
Noninterest-bearing demand 1,121,827 1,018,549
Interest-bearing demand 799,299 731,885
Savings and money market 1,796,813 1,642,340
Time deposits 941,282 885,593
Total deposits 4,659,221 4,278,367
Short-term borrowings   5,300
Long-term borrowings, net of issuance costs of $1,244 and $1,377, respectively 73,756 73,623
Other liabilities 74,999 86,653
Total liabilities 4,807,976 4,443,943
Shareholders’ equity:    
Total preferred equity 17,292 17,328
Common stock, $0.01 par value; 50,000,000 shares authorized; 16,099,556 shares issued 161 161
Additional paid-in capital 125,253 125,118
Retained earnings 356,485 324,850
Accumulated other comprehensive (loss) income (5,934) 2,128
Treasury stock, at cost – 257,627 and 57,630 shares, respectively (6,131) (1,222)
Total shareholders’ equity 487,126 468,363
Total liabilities and shareholders’ equity 5,295,102 4,912,306
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 $ 17,149 $ 17,185