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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS:    
Cash and due from banks $ 45,493 $ 47,196
Federal funds sold and other short term investments 1,094,880 1,059,903
Total cash and cash equivalents 1,140,373 1,107,099
Securities available for sale 527,587 439,071
Held to maturity securities ($13,891 and $14,988 fair value at March 31, 2021 and December 31, 2020, respectively) 12,729 13,824
Federal Reserve Bank and Federal Home Loan Bank stock 5,506 5,506
Loans, net of deferred net costs 4,269,172 4,244,470
Less: Allowance for loan losses 49,991 49,595
Net loans 4,219,181 4,194,875
Bank premises and equipment, net 34,012 34,412
Operating lease right-of-use assets 46,614 47,885
Other assets 60,455 59,124
Total assets 6,046,457 5,901,796
Deposits:    
Demand 718,343 652,756
Interest-bearing checking 1,141,595 1,086,558
Savings accounts 1,362,141 1,285,501
Money market deposit accounts 719,580 716,005
Time deposits 1,231,263 1,296,373
Total deposits 5,172,922 5,037,193
Short-term borrowings 229,950 214,755
Operating lease liabilities 51,449 52,784
Accrued expenses and other liabilities 21,105 28,903
Total liabilities 5,475,426 5,333,635
SHAREHOLDERS' EQUITY:    
Capital stock par value $1; 150,000,000 shares authorized; 100,218,082 and 100,204,832 shares issued at March 31, 2021 and December 31, 2020, respectively 100,218 100,205
Surplus 176,500 176,442
Undivided profits 321,486 313,974
Accumulated other comprehensive income, net of tax 7,268 11,936
Treasury stock at cost - 3,778,480 and 3,772,175 shares at March 31, 2021 and December 31, 2020, respectively (34,441) (34,396)
Total shareholders' equity 571,031 568,161
Total liabilities and shareholders' equity $ 6,046,457 $ 5,901,796