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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 74,015 $ 54,958
Interest-bearing deposits in bank 93,337 32,363
Total cash and cash equivalents 167,352 87,321
Securities available for sale, at fair value (amortized cost of $973,635 and $972,720, respectively) 926,992 911,105
Securities held to maturity, at amortized cost (net of allowance for credit losses of $2) (fair value of $102,561 and $104,556, respectively) 113,105 116,001
Loans held for sale 387 2,280
Loans (net of allowance for credit losses of $48,964 and $48,041, respectively) 4,504,314 4,431,163
Company owned life insurance 242,641 166,880
Premises and equipment, net 39,426 39,866
Goodwill and other intangible assets, net 60,651 60,758
Other assets 285,624 301,711
Total assets 6,340,492 6,117,085
Deposits:    
Noninterest-bearing demand 945,182 950,351
Interest-bearing demand 773,475 705,195
Savings and money market 2,033,323 1,904,013
Time deposits 1,620,930 1,545,172
Total deposits 5,372,910 5,104,731
Short-term borrowings 55,000 99,000
Long-term borrowings, net of issuance costs of $83 and $158, respectively 124,917 124,842
Other liabilities 197,737 219,528
Total liabilities 5,750,564 5,548,101
Shareholders’ equity:    
Total preferred equity 17,285 17,285
Common stock, $0.01 par value; 50,000,000 shares authorized; 20,699,556 shares issued 207 207
Additional paid-in capital 232,455 233,421
Retained earnings 398,957 388,665
Accumulated other comprehensive loss (41,995) (52,604)
Treasury stock, at cost - 589,844 and 622,984 shares, respectively (16,981) (17,990)
Total shareholders’ equity 589,928 568,984
Total liabilities and shareholders’ equity 6,340,492 6,117,085
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 $ 17,142