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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 118,581 $ 79,112
Securities available for sale, at fair value 965,531 1,178,515
Securities held to maturity, at amortized cost (net of allowance for credit losses of $5 in each period) (fair value of $180,438 and $209,820, respectively) 197,538 205,581
Loans held for sale 2,074 6,202
Loans (net of allowance for credit losses of $44,106 and $39,676, respectively) 3,822,745 3,639,760
Company owned life insurance 138,564 123,898
Premises and equipment, net 40,907 40,111
Goodwill and other intangible assets, net 73,653 74,400
Other assets 264,889 173,200
Total assets 5,624,482 5,520,779
Deposits:    
Noninterest-bearing demand 1,135,125 1,107,561
Interest-bearing demand 946,431 864,528
Savings and money market 1,800,321 1,933,047
Time deposits 1,023,277 921,954
Total deposits 4,905,154 4,827,090
Short-term borrowings 69,000 30,000
Long-term borrowings, net of issuance costs of $933 and $1,089, respectively 74,144 73,911
Other liabilities 182,136 84,636
Total liabilities 5,230,434 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 126,230 126,105
Retained earnings 414,062 384,007
Accumulated other comprehensive loss (141,183) (13,207)
Treasury stock, at cost - 765,465 and 354,103 shares, respectively (22,514) (9,216)
Total shareholders’ equity 394,048 505,142
Total liabilities and shareholders’ equity 5,624,482 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