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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS:    
Cash and due from banks $ 43,783 $ 48,719
Federal funds sold and other short term investments 663,360 658,555
Total cash and cash equivalents 707,143 707,274
Securities available for sale 605,457 620,360
Held to maturity securities (fair value 2017 $42,803; 2016 $47,526) 41,208 45,490
Federal Reserve Bank and Federal Home Loan Bank stock 9,723 9,579
Loans, net of deferred net costs 3,507,473 3,430,586
Less: Allowance for loan losses 44,162 43,890
Net loans 3,463,311 3,386,696
Bank premises and equipment, net 35,174 35,466
Other assets 58,466 63,941
Total assets 4,920,482 4,868,806
Deposits:    
Demand 390,120 377,755
Interest-bearing checking 871,004 815,534
Savings accounts 1,285,886 1,271,449
Money market deposit accounts 572,580 571,962
Time deposits 1,088,824 1,159,463
Total deposits 4,208,414 4,196,163
Short-term borrowings 233,621 209,406
Accrued expenses and other liabilities 31,081 30,551
Total liabilities 4,473,116 4,436,120
SHAREHOLDERS' EQUITY:    
Capital stock par value $1; 150,000,000 shares authorized; 99,510,682 and 99,214,382 shares issued at June 30, 2017 and December 31, 2016, respectively 99,511 99,214
Surplus 172,603 171,425
Undivided profits 212,112 201,517
Accumulated other comprehensive loss, net of tax (3,593) (6,251)
Treasury stock at cost - 3,495,799 and 3,434,205 shares at June 30, 2017 and December 31, 2016, respectively (33,267) (33,219)
Total shareholders' equity 447,366 432,686
Total liabilities and shareholders' equity $ 4,920,482 $ 4,868,806