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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 79,112 $ 93,878
Securities available for sale, at fair value 1,178,515 628,059
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) 205,581 271,966
Loans held for sale 6,202 4,305
Loans (net of allowance for credit losses of $52,420 and $30,482, respectively) 3,639,760 3,542,718
Company owned life insurance 123,898 100,895
Premises and equipment, net 40,111 [1] 40,610
Goodwill and other intangible assets, net 74,400 73,789
Other assets 173,200 156,086
Total assets 5,520,779 4,912,306
Deposits:    
Noninterest-bearing demand 1,107,561 1,018,549
Interest-bearing demand 864,528 731,885
Savings and money market 1,933,047 1,642,340
Time deposits 921,954 885,593
Total deposits 4,827,090 4,278,367
Short-term borrowings 30,000 5,300
Long-term borrowings, net of issuance costs of $1,377 and $727, respectively 73,911 73,623
Other liabilities 84,636 86,653
Total liabilities 5,015,637 4,443,943
Commitments and contingencies (Note 14)
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 126,105 125,118
Retained earnings 384,007 324,850
Accumulated other comprehensive income (loss) (13,207) 2,128
Treasury stock, at cost – 57,630 and 96,657 shares, respectively (9,216) (1,222)
Total shareholders’ equity 505,142 468,363
Total liabilities and shareholders’ equity 5,520,779 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
[1] The premises and equipment balance at December 31, 2021, excludes amounts reclassified to assets held for sale. See Note 3 - Restructuring Charges for additional information.