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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 28,118 $ 20,995
Short-term investments 182,360 179,947
Cash and cash equivalents 210,478 200,942
Securities available-for-sale, at fair value 703,037 754,468
Loans 1,070,373 1,082,906
Less: Allowance for credit losses 13,254 13,539
Loans, net 1,057,119 1,069,367
Payments in advance of funding 259,819 293,775
Premises and equipment, net 20,967 19,958
Investment in bank-owned life insurance 48,278 47,998
Goodwill 17,309 17,309
Other intangible assets, net 3,931 4,126
Receivables from Customers 37,288 95,779
Other assets 69,163 69,301
Total assets 2,427,389 2,573,023
Deposits:    
Noninterest-bearing 585,323 642,757
Interest-bearing 530,827 614,460
Total deposits 1,116,150 1,257,217
Accounts and drafts payable 1,051,435 1,067,600
Other liabilities 42,304 41,881
Total liabilities 2,209,889 2,366,698
Shareholders’ Equity:    
Preferred stock, par value $.50 per share; 2,000,000 shares authorized and no shares issued 0 0
Common Stock, Value, Outstanding 7,753 7,753
Additional paid-in capital 206,614 207,422
Retained earnings 134,822 131,682
Common shares in treasury, at cost (1,793,679 shares at March 31, 2023 and 1,836,116 shares at December 31, 2022) 79,419 81,211
Accumulated other comprehensive loss (52,270) (59,321)
Total shareholders’ equity 217,500 206,325
Total liabilities and shareholders’ equity $ 2,427,389 $ 2,573,023