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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 54,958 $ 71,197
Interest-bearing deposits in banks 32,363 53,245
Total cash and cash equivalents 87,321 124,442
Securities available for sale, at fair value (amortized cost of $972,720 and $1,037,990, respectively) 911,105 887,730
Securities held to maturity, at amortized cost (net of allowance for credit losses of $2 and $4, respectively) (fair value of $104,556 and $137,030, respectively) 116,001 148,156
Loans held for sale 2,280 1,370
Loans (net of allowance for credit losses of $48,041 and $51,082, respectively) 4,431,163 4,411,057
Company owned life insurance 166,880 161,363
Premises and equipment, net 39,866 39,902
Goodwill and other intangible assets, net 60,758 72,504
Other assets 301,711 314,357
Total assets 6,117,085 6,160,881
Deposits:    
Noninterest-bearing demand 950,351 1,010,614
Interest-bearing demand 705,195 713,158
Savings and money market 1,904,013 2,084,444
Time deposits 1,545,172 1,404,696
Total deposits 5,104,731 5,212,912
Short-term borrowings 99,000 185,000
Long-term borrowings, net of issuance costs of $158 and $468, respectively 124,842 124,532
Other liabilities 219,528 183,641
Total liabilities 5,548,101 5,706,085
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Total preferred equity 17,285 17,292
Common stock, $0.01 par value; 50,000,000 shares authorized; 20,699,556 and 16,099,556 shares issued, respectively 207 161
Additional paid-in capital 233,421 125,841
Retained earnings 388,665 451,687
Accumulated other comprehensive loss (52,604) (119,941)
Treasury stock, at cost-622,984 and 692,150 shares, respectively (17,990) (20,244)
Total shareholders’ equity 568,984 454,796
Total liabilities and shareholders’ equity 6,117,085 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 $ 17,142 $ 17,149