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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 146,347 $ 124,442
Securities available for sale, at fair value (amortized cost of $1,030,844 and $1,037,990, respectively) 871,635 887,730
Securities held to maturity, at amortized cost (net of allowance for credit losses of $3 and $4, respectively) (fair value of $115,849 and $137,030, respectively) 128,271 148,156
Loans held for sale 2,099 1,370
Loans (net of allowance for credit losses of $43,952 and $51,082, respectively) 4,417,516 4,411,057
Company owned life insurance 164,033 161,363
Premises and equipment, net 39,520 39,902
Goodwill and other intangible assets, net 60,979 72,504
Other assets 301,372 314,357
Total assets 6,131,772 6,160,881
Deposits:    
Noninterest-bearing demand 939,346 1,010,614
Interest-bearing demand 711,580 713,158
Savings and money market 2,007,256 2,084,444
Time deposits 1,475,139 1,404,696
Total deposits 5,133,321 5,212,912
Short-term borrowings 202,000 185,000
Long-term borrowings, net of issuance costs of $313 and $468, respectively 124,687 124,532
Other liabilities 204,097 183,641
Total liabilities 5,664,105 5,706,085
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 124,704 125,841
Retained earnings 469,399 451,687
Accumulated other comprehensive loss (125,774) (119,941)
Treasury stock, at cost - 627,161 and 692,150 shares, respectively (18,115) (20,244)
Total shareholders’ equity 467,667 454,796
Total liabilities and shareholders’ equity 6,131,772 6,160,881
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