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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 9,220 $ 8,712
Interest-earning deposits 244,194 179,108
Total cash and cash equivalents 253,414 187,820
Securities available for sale 710,046 774,203
Securities held to maturity (fair value $70,837 at March 31, 2026 and $87,491 at December 31, 2025) 79,478 95,862
CRA equity security, at fair value 13,375 13,459
FHLB and FRB stock, at cost [1] 14,170 14,605
Loans held for sale, at fair value 0 450
Loans held for sale, at lower of cost or fair value 8,311 4,437
Loans 6,434,369 6,253,736
Less: allowance for credit losses 67,026 71,039
Net loans 6,367,343 6,182,697
Premises and equipment 39,322 39,164
Accrued interest receivable 33,115 31,971
Bank owned life insurance 47,896 47,761
Goodwill 36,212 36,212
Other intangible assets 7,383 7,627
Finance lease right-of-use assets 809 844
Operating lease right-of-use assets 38,079 39,886
Deferred tax assets, net 0 772
Other assets 50,012 48,639
TOTAL ASSETS 7,698,965 7,526,409
Deposits:    
Noninterest-bearing demand deposits 1,544,515 1,428,745
Interest-bearing deposits:    
Checking [2] 3,533,203 3,448,497
Savings 114,955 105,123
Money market accounts [3] 1,222,405 1,197,995
Certificates of deposit - retail 411,688 408,219
Certificates of deposit - listing service 0 400
Total deposits 6,826,766 6,588,979
Short-term borrowings 63,830 73,267
Finance lease liabilities 1,145 1,186
Operating lease liabilities 41,458 43,294
Subordinated debt, net 0 99,030
Deferred tax liabilities, net 6,091  
Accrued expenses and other liabilities 60,471 62,447
TOTAL LIABILITIES 6,999,761 6,868,203
SHAREHOLDERS’ EQUITY    
Preferred stock (no par value; authorized 500,000 shares; issued 30,000 shares; liquidation preference of $1,000 per share) 30,000 0
Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 21,857,567 at March 31, 2026 and 21,707,259 at December 31, 2025; outstanding shares, 17,708,32 at March 31, 2026 and 17,558,019 at December 31, 2025) 18,221 18,096
Surplus 352,934 353,267
Treasury stock at cost (4,149,240 shares at March 31, 2026 and 4,149,240 shares at December 31, 2025) (122,953) (122,953)
Retained earnings 470,631 457,357
Accumulated other comprehensive loss, net of income tax (49,629) (47,561)
TOTAL SHAREHOLDERS’ EQUITY 699,204 658,206
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY $ 7,698,965 $ 7,526,409
[1] FHLB means "Federal Home Loan Bank" and FRB means "Federal Reserve Bank."
[2] Interest-bearing checking included $2.18 billion at March 31, 2026 and $1.98 billion at December 31, 2025 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.
[3] Money market included $81.8 million at March 31, 2026 and $165.6 million at December 31, 2025 of reciprocal balances in the Promontory Demand Deposit Marketplace program.