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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS:    
Cash and due from banks $ 46,611 $ 48,357
Federal funds sold and other short term investments 999,573 1,171,113
Total cash and cash equivalents 1,046,184 1,219,470
Securities available for sale 502,415 407,713
Held to maturity securities ($8,733 and $10,695 fair value at June 30, 2022 and December 31, 2021, respectively) 8,544 9,923
Federal Reserve Bank and Federal Home Loan Bank stock 5,797 5,604
Loans, net of deferred net costs 4,540,559  
Less: Allowance for credit losses on loans 45,285 44,267
Net loans 4,495,274  
Loans, net of deferred net costs   4,438,779
Less: Allowance for credit losses on loans   44,267
Net loans   4,394,512
Bank premises and equipment, net 32,381 33,027
Operating lease right-of-use assets 47,343 48,090
Other assets 88,853 78,207
Total assets 6,226,791 6,196,546
Deposits:    
Demand 851,573 794,878
Interest-bearing checking 1,208,159 1,191,304
Savings accounts 1,577,034 1,504,554
Money market deposit accounts 760,338 782,079
Time deposits 999,737 995,314
Total deposits 5,396,841 5,268,129
Short-term borrowings 147,282 244,686
Operating lease liabilities 51,777 52,720
Accrued expenses and other liabilities 36,259 29,883
Total liabilities 5,632,159 5,595,418
SHAREHOLDERS' EQUITY:    
Capital stock par value $1; 30,000,000 shares authorized; 20,045,684 shares issued at June 30, 2022 and December 31, 2021, and 19,126,875 and 19,219,989 shares outstanding at June 30, 2022 and December 31, 2021, respectively 20,046 20,046
Surplus 256,661 256,661
Undivided profits 367,100 349,056
Accumulated other comprehensive (loss) income, net of tax (9,422) 12,147
Treasury stock at cost - 918,809 and 825,695 shares at June 30, 2022 and December 31, 2021, respectively (39,753) (36,782)
Total shareholders' equity 594,632 601,128
Total liabilities and shareholders' equity $ 6,226,791 $ 6,196,546