XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS:    
Cash and due from banks $ 55,662 $ 43,429
Federal funds sold and other short term investments 547,695 607,170
Total cash and cash equivalents 603,357 650,599
Securities available for sale 452,704 481,513
Held to maturity securities ($6,926 and $7,580 fair value at June 30, 2023 and December 31, 2022, respectively) 7,043 7,707
Federal Reserve Bank and Federal Home Loan Bank stock 6,203 5,797
Loans, net of deferred net costs 4,886,811 4,733,201
Less: Allowance for credit losses on loans 46,914 46,032
Net loans 4,839,897 4,687,169
Bank premises and equipment, net 32,351 32,556
Operating lease right-of-use assets 43,113 44,727
Other assets 90,957 89,984
Total assets 6,075,625 6,000,052
Deposits:    
Demand 791,353 838,147
Interest-bearing checking 1,082,989 1,183,321
Savings accounts 1,315,893 1,521,473
Money market deposit accounts 625,253 621,106
Time deposits 1,442,959 1,028,763
Total deposits 5,258,447 5,192,810
Short-term borrowings 113,765 122,700
Operating lease liabilities 47,172 48,980
Accrued expenses and other liabilities 34,852 35,575
Total liabilities 5,454,236 5,400,065
SHAREHOLDERS' EQUITY:    
Capital stock par value $1.00; 30,000,000 shares authorized; 20,058,142 shares issued at June 30, 2023 and December 31, 2022, and 19,024,433 shares outstanding at June 30, 2023 and December 31, 2022 20,058 20,058
Surplus 257,078 257,078
Undivided profits 414,251 393,831
Accumulated other comprehensive loss, net of tax (26,212) (27,194)
Treasury stock at cost - 1,033,709 shares at June 30, 2023 and December 31, 2022, respectively (43,786) (43,786)
Total shareholders' equity 621,389 599,987
Total liabilities and shareholders' equity $ 6,075,625 $ 6,000,052