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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 192,111 $ 130,466
Securities available for sale, at fair value (amortized cost of $1,061,181 and $1,127,057, respectively) 854,215 954,371
Securities held to maturity, at amortized cost (net of allowance for credit losses of $4 and $5, respectively) (fair value of $136,540 and $174,188, respectively) 154,204 188,975
Loans held for sale 1,873 550
Loans (net of allowance for credit losses of $49,630 and $45,413, respectively) 4,381,536 4,005,036
Company owned life insurance 142,201 139,482
Premises and equipment, net 39,947 41,986
Goodwill and other intangible assets, net 72,725 73,414
Other assets 301,337 262,992
Total assets 6,140,149 5,797,272
Deposits:    
Noninterest-bearing demand 1,035,350 1,139,214
Interest-bearing demand 827,842 863,822
Savings and money market 1,943,794 1,643,516
Time deposits 1,508,987 1,282,872
Total deposits 5,315,973 4,929,424
Short-term borrowings 70,000 205,000
Long-term borrowings, net of issuance costs of $623 and $778, respectively 124,454 74,222
Other liabilities 221,006 183,021
Total liabilities 5,731,433 5,391,667
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 126,178 126,636
Retained earnings 446,890 421,340
Accumulated other comprehensive loss (161,389) (137,487)
Treasury stock, at cost - 697,756 and 759,555 shares, respectively (20,416) (22,337)
Total shareholders’ equity 408,716 405,605
Total liabilities and shareholders’ equity 6,140,149 5,797,272
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