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Consolidated Statements of Condition - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 48,719 $ 41,698
Federal funds sold and other short term investments 658,555 676,458
Total cash and cash equivalents 707,274 718,156
Securities available for sale 620,360 601,037
Held to maturity securities ($47,526 and $59,439 fair value at December 31, 2016 and 2015, respectively) 45,490 56,465
Federal Reserve Bank and Federal Home Loan Bank stock 9,579 9,480
Loans, net of deferred net costs 3,430,586 3,293,304
Less: Allowance for loan losses 43,890 44,762
Net loans 3,386,696 3,248,542
Bank premises and equipment, net 35,466 37,643
Other assets 63,941 63,669
Total assets 4,868,806 4,734,992
Deposits:    
Demand 377,755 365,081
Savings accounts 1,271,449 1,262,194
Interest-bearing checking 815,534 754,347
Money market deposit accounts 571,962 610,826
Time accounts 1,159,463 1,107,930
Total deposits 4,196,163 4,100,378
Short-term borrowings 209,406 191,226
Accrued expenses and other liabilities 30,551 30,078
Total liabilities 4,436,120 4,321,682
Commitments and contingent liabilities
SHAREHOLDERS' EQUITY:    
Capital stock: $1 par value; 150,000,000 shares authorized, 99,214,382 and 98,973,452 shares issued at December 31, 2016 and 2015, respectively 99,214 98,973
Surplus 171,425 171,443
Undivided profits 201,517 184,009
Accumulated other comprehensive loss, net of tax (6,251) (4,781)
Treasury stock: 3,434,205 and 3,711,228 shares, at cost, at December 31, 2016 and 2015, respectively (33,219) (36,334)
Total shareholders' equity 432,686 413,310
Total liabilities and shareholders' equity $ 4,868,806 $ 4,734,992