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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 124,442 $ 130,466
Securities available for sale, at fair value (amortized cost of $1,037,990 and $1,127,057, respectively) 887,730 954,371
Securities held to maturity, at amortized cost (net of allowance for credit losses of $4 and $5, respectively) (fair value of $137,030 and $174,188, respectively) 148,156 188,975
Loans held for sale 1,370 550
Loans (net of allowance for credit losses of $51,082 and $45,413, respectively) 4,411,057 4,005,036
Company owned life insurance 161,363 139,482
Premises and equipment, net [1] 39,902 41,986
Goodwill and other intangible assets, net 72,504 73,414
Other assets 314,357 262,992
Total assets 6,160,881 5,797,272
Deposits:    
Noninterest-bearing demand 1,010,614 1,139,214
Interest-bearing demand 713,158 863,822
Savings and money market 2,084,444 1,643,516
Time deposits 1,404,696 1,282,872
Total deposits 5,212,912 4,929,424
Short-term borrowings 185,000 205,000
Long-term borrowings, net of issuance costs of $468 and $778, respectively 124,532 74,222
Other liabilities 183,641 183,021
Total liabilities 5,706,085 5,391,667
Commitments and contingencies (Note 13)
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 125,841 126,636
Retained earnings 451,687 421,340
Accumulated other comprehensive loss (119,941) (137,487)
Treasury stock, at cost - 692,150 and 759,555 shares, respectively (20,244) (22,337)
Total shareholders’ equity 454,796 405,605
Total liabilities and shareholders’ equity 6,160,881 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
[1] The premises and equipment balances exclude amounts reclassified to assets held for sale. See Note 2, Restructuring Charges, for additional information.