XML 15 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 10,629,000 $ 6,591,000
Federal funds sold 102,000 102,000
Interest-earning deposits 642,591,000 201,492,000
Total cash and cash equivalents 653,322,000 208,185,000
Securities available for sale 622,689,000 390,755,000
Equity security, at fair value 15,117,000 10,836,000
FHLB and FRB stock, at cost 13,709,000 24,068,000
Loans held for sale, at fair value 13,588,000 2,881,000
Loans held for sale, at lower of cost or fair value 18,520,000 14,667,000
Loans 4,372,437,000 4,394,137,000
Less: allowance for loan losses 67,309,000 43,676,000
Net loans 4,305,128,000 4,350,461,000
Premises and equipment 21,609,000 20,913,000
Other real estate owned 50,000 50,000
Accrued interest receivable 22,495,000 10,494,000
Bank owned life insurance 46,809,000 46,128,000
Goodwill 33,103,000 30,208,000
Other intangible assets 10,788,000 10,380,000
Finance lease right-of-use assets 4,330,000 5,078,000
Operating lease right-of-use assets 9,421,000 12,132,000
Other assets 99,764,000 45,643,000
Total assets 5,890,442,000 5,182,879,000
Deposits:    
Noninterest-bearing demand deposits 833,500,000 529,281,000
Interest-bearing deposits:    
Checking [1] 1,849,254,000 1,510,363,000
Savings 130,731,000 112,652,000
Money market accounts 1,298,885,000 1,196,313,000
Certificates of deposit - retail 530,222,000 633,763,000
Certificates of deposit - listing service 32,128,000 47,430,000
Subtotal deposits 4,674,720,000 4,029,802,000
Interest-bearing demand – Brokered 110,000,000 180,000,000
Certificates of deposit - Brokered 33,764,000 33,709,000
Total deposits 4,818,484,000 4,243,511,000
Short-term borrowings 15,000,000 128,100,000
FHLB advances   105,000,000
Paycheck Protection Program Liquidity Facility 177,086,000  
Finance lease liabilities 6,753,000 7,598,000
Operating lease liabilities 9,737,000 12,423,000
Subordinated debt, net 181,794,000 83,417,000
Deferred tax liabilities, net 32,978,000 26,151,000
Due to brokers, securities settlements   7,951,000
Accrued expenses and other liabilities 121,488,000 65,076,000
Total liabilities 5,363,320,000 4,679,227,000
SHAREHOLDERS’ EQUITY    
Preferred stock (no par value; authorized 500,000 shares)
Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 20,342,881 at December 31, 2020 and 20,074,766 at December 31, 2019; outstanding shares, 18,974,703 at December 31, 2020 and 18,926,810 at December 31, 2019) 16,958,000 16,733,000
Surplus 326,592,000 319,375,000
Treasury stock at cost (1,368,178 shares at December 31, 2020 and 1,147,956 shares at December 31, 2019) 36,477,000 29,990,000
Retained earnings 221,441,000 199,029,000
Accumulated other comprehensive loss (1,392,000) (1,495,000)
Total shareholders’ equity 527,122,000 503,652,000
Total liabilities and shareholders’ equity $ 5,890,442,000 $ 5,182,879,000
[1] Interest-bearing checking includes $652.5 million at December 31, 2020 and $423.8 million at December 31, 2019 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace programs