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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 130,466 $ 79,112
Securities available for sale, at fair value (amortized cost of $1,127,057 and $1,184,835, respectively) 954,371 1,178,515
Securities held to maturity, at amortized cost (net of allowance for credit losses of $5 and $5, respectively) (fair value of $174,188 and $209,820, respectively) 188,975 205,581
Loans held for sale 550 6,202
Loans (net of allowance for credit losses of $45,413 and $39,676, respectively) 4,005,036 3,639,760
Company owned life insurance 139,482 123,898
Premises and equipment, net [1] 41,986 40,111
Goodwill and other intangible assets, net 73,414 74,400
Other assets 262,992 173,200
Total assets 5,797,272 5,520,779
Deposits:    
Noninterest-bearing demand 1,139,214 1,107,561
Interest-bearing demand 863,822 864,528
Savings and money market 1,643,516 1,933,047
Time deposits 1,282,872 921,954
Total deposits 4,929,424 4,827,090
Short-term borrowings 205,000 30,000
Long-term borrowings, net of issuance costs of $778 and $1,089, respectively 74,222 73,911
Other liabilities 183,021 84,636
Total liabilities 5,391,667 5,015,637
Commitments and contingencies (Note 14)
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 126,636 126,105
Retained earnings 421,340 384,007
Accumulated other comprehensive loss (137,487) (13,207)
Treasury stock, at cost - 759,555 and 354,103 shares, respectively (22,337) (9,216)
Total shareholders’ equity 405,605 505,142
Total liabilities and shareholders’ equity 5,797,272 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
[1] The premises and equipment balance at December 31, 2022, excludes amounts reclassified to assets held for sale. See Note 3 - Restructuring Charges for additional information.