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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 9,299 $ 10,629
Federal funds sold   102
Interest-earning deposits 606,913 642,591
Total cash and cash equivalents 616,212 653,322
Securities available for sale 843,779 622,689
Equity security, at fair value 14,824 15,117
FHLB and FRB stock, at cost 12,950 13,709
Loans held for sale, at fair value 3,013 13,588
Loans held for sale, at lower of cost or fair value 17,235 18,520
Loans 4,575,398 4,372,437
Less: Allowance for loan and lease losses 65,133 67,309
Net loans 4,510,265 4,305,128
Premises and equipment 23,123 21,609
Other real estate owned   50
Accrued interest receivable 22,790 22,495
Bank owned life insurance 46,510 46,809
Goodwill 36,212 33,103
Other intangible assets 13,121 10,788
Finance lease right-of-use assets 3,769 4,330
Operating lease right-of-use assets 10,307 9,421
Other assets 66,175 99,764
TOTAL ASSETS 6,240,285 5,890,442
Deposits:    
Noninterest-bearing demand deposits 986,765 833,500
Interest-bearing deposits:    
Checking [1] 2,355,892 1,849,254
Savings 168,831 130,731
Money market accounts 1,287,686 1,298,885
Certificates of deposit - retail 426,981 530,222
Certificates of deposit - listing service 31,382 32,128
Subtotal deposits 5,257,537 4,674,720
Interest-bearing demand - brokered 85,000 110,000
Certificates of deposit - brokered 33,804 33,764
Total deposits 5,376,341 4,818,484
Short-term borrowings   15,000
Paycheck Protection Program Liquidity Facility 48,496 177,086
Finance lease liabilities 6,063 6,753
Operating lease liabilities 10,644 9,737
Subordinated debt, net 132,629 181,794
Deferred tax liabilities, net 27,575 32,978
Accrued expenses and other liabilities 95,523 121,488
TOTAL LIABILITIES 5,697,271 5,363,320
SHAREHOLDERS’ EQUITY    
Preferred stock (no par value; authorized 500,000 shares; liquidation preference of $1,000 per share)
Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 20,615,903 at September 30, 2021 and 20,342,881 at December 31, 2020; outstanding shares, 18,627,910 at September 30, 2021 and 18,974,703 at December 31, 2020 17,185 16,958
Surplus 330,392 326,592
Treasury stock at cost, 1,987,993 shares at September 30, 2021 and 1,368,178 shares at December 31, 2020 (55,893) (36,477)
Retained earnings 260,365 221,441
Accumulated other comprehensive loss, net of income tax (9,035) (1,392)
TOTAL SHAREHOLDERS’ EQUITY 543,014 527,122
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY $ 6,240,285 $ 5,890,442
[1] Interest-bearing checking includes $748.7 million at September 30, 2021 and $652.5 million at December 31, 2020 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.