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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 170,404 $ 79,112
Securities available for sale, at fair value 1,119,362 1,178,515
Securities held to maturity, at amortized cost (net of allowance for credit losses of $6 and $5, respectively) (fair value of $206,367 and $209,820, respectively) 211,173 205,581
Loans held for sale 5,544 6,202
Loans (net of allowance for credit losses of $40,966 and $39,676, respectively) 3,692,682 3,639,760
Company owned life insurance 124,742 123,898
Premises and equipment, net 40,115 40,111
Goodwill and other intangible assets, net 74,146 74,400
Other assets 192,330 173,200
Total assets 5,630,498 5,520,779
Deposits:    
Noninterest-bearing demand 1,079,949 1,107,561
Interest-bearing demand 990,404 864,528
Savings and money market 2,015,384 1,933,047
Time deposits 917,195 921,954
Total deposits 5,002,932 4,827,090
Short-term borrowings 0 30,000
Long-term borrowings, net of issuance costs of $1,011 and $1,089, respectively 73,989 73,911
Other liabilities 106,731 84,636
Total liabilities 5,183,652 5,015,637
Shareholders’ equity:    
Total preferred equity 17,292 17,292
Common stock, $0.01 par value; 50,000,000 shares authorized; 16,099,556 shares issued 161 161
Additional paid-in capital 125,881 126,105
Retained earnings 394,181 384,007
Accumulated other comprehensive loss (67,094) 13,207
Treasury stock, at cost - 800,479 and 354,103 shares, respectively (23,575) (9,216)
Total shareholders’ equity 446,846 505,142
Total liabilities and shareholders’ equity 5,630,498 5,520,779
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 $ 17,149