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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 23,550 $ 20,995
Short-term investments 384,885 179,947
Cash and cash equivalents 408,435 200,942
Securities available-for-sale, at fair value 615,855 754,468
Loans 1,039,619 1,082,906
Less: Allowance for credit losses 13,319 13,539
Loans, net 1,026,300 1,069,367
Payments in advance of funding 258,587 293,775
Premises and equipment, net 26,257 19,958
Investment in bank-owned life insurance 48,857 47,998
Goodwill 17,309 17,309
Other intangible assets, net 3,540 4,126
Receivables from Customers 28,710 95,779
Other assets 71,028 69,301
Total assets 2,504,878 2,573,023
Deposits:    
Noninterest-bearing 511,292 642,757
Interest-bearing 666,050 614,460
Total deposits 1,177,342 1,257,217
Accounts and drafts payable 1,082,224 1,067,600
Other liabilities 39,076 41,881
Total liabilities 2,298,642 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 207,663 207,422
Retained earnings 141,444 131,682
Common shares in treasury, at cost (1,909,282 shares at September 30, 2023 and 1,836,116 shares at December 31, 2022) 83,704 81,211
Accumulated other comprehensive loss (66,920) (59,321)
Total shareholders’ equity 206,236 206,325
Total liabilities and shareholders’ equity $ 2,504,878 $ 2,573,023