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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS:    
Cash and due from banks $ 39,373 $ 44,125
Federal funds sold and other short term investments 577,797 568,615
Total cash and cash equivalents 617,170 612,740
Securities available for sale 559,083 571,965
Held to maturity securities (fair value 2018 $26,994; 2017 $28,701) 26,174 27,551
Federal Reserve Bank and Federal Home Loan Bank stock 8,779 8,779
Loans, net of deferred net costs 3,666,975 3,636,407
Less: Allowance for loan losses 44,379 44,170
Net loans 3,622,596 3,592,237
Bank premises and equipment, net 35,240 35,157
Other assets 62,522 59,579
Total assets 4,931,564 4,908,008
Deposits:    
Demand 403,782 398,399
Interest-bearing checking 915,163 891,052
Savings accounts 1,266,852 1,260,447
Money market deposit accounts 539,839 556,462
Time deposits 1,109,444 1,066,966
Total deposits 4,235,080 4,173,326
Short-term borrowings 203,910 242,991
Accrued expenses and other liabilities 30,477 33,383
Total liabilities 4,469,467 4,449,700
SHAREHOLDERS' EQUITY:    
Capital stock par value $1; 150,000,000 shares authorized; 100,002,482 and 99,998,482 shares issued at March 31, 2018 and December 31, 2017, respectively 100,002 99,998
Surplus 175,674 175,651
Undivided profits 229,267 219,436
Accumulated other comprehensive loss, net of tax (8,490) (1,806)
Treasury stock at cost - 3,643,882 and 3,709,171 shares at March 31, 2018 and December 31, 2017, respectively (34,356) (34,971)
Total shareholders' equity 462,097 458,308
Total liabilities and shareholders' equity $ 4,931,564 $ 4,908,008