XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets:    
Cash and deposits with banks $ 41,920 $ 34,380
Federal funds sold 35,277 26,605
Total cash and cash equivalents 77,197 60,985
Securities:    
Trading 666 364
Available for sale 237,421 241,643
Held to maturity, (fair value of $74,748 and $75,075, respectively) 75,760 77,491
Loans held for sale, at fair value 77,676 91,472
Gross loans 2,235,995 2,197,285
Allowance for loan losses 20,446 20,443
Loans, net 2,215,549 2,176,842
Federal Home Loan Bank stock, at cost 16,702 19,144
Premises and equipment, net 22,012 21,930
Accrued interest receivable 8,873 9,080
Real estate owned and other repossessed assets, net 1,180 1,088
Goodwill 20,221 20,221
Cash surrender value of life insurance 64,606 64,220
Other assets 30,488 23,060
Total assets 2,852,041 2,811,357
Deposits:    
Non-interest bearing 404,644 394,208
Interest bearing    
Customer deposits 1,623,653 1,528,057
Brokered deposits 261,506 290,955
Total interest bearing deposits 1,885,159 1,819,012
Total deposits 2,289,803 2,213,220
Borrowed funds:    
Short-term Federal Home Loan Bank advances 204,000 243,000
Repurchase agreements and other 254 224
Total borrowed funds 204,254 243,224
Advance payments by borrowers for taxes and insurance 19,542 27,192
Accrued interest payable 1,492 1,279
Accrued expenses and other liabilities 22,241 17,108
Total liabilities 2,537,332 2,502,023
Shareholders' Equity:    
Preferred stock-no par value; 1,000,000 shares authorized and no shares issued or outstanding
Common stock-no par value; 499,000,000 shares authorized; 54,138,910 shares issued and 48,852,688 and 49,128,875 shares, respectively, outstanding 177,410 177,492
Retained earnings 197,286 192,062
Accumulated other comprehensive income (loss) (18,416) (21,436)
Treasury stock, at cost, 5,286,222 and 5,010,035 shares, respectively (41,571) (38,784)
Total shareholders’ equity 314,709 309,334
Total liabilities and shareholders’ equity 2,852,041 2,811,357
Customer list intangible [Member]    
Securities:    
Intangible assets 2,169 2,214
Core deposit intangibles [Member]    
Securities:    
Intangible assets $ 1,521 $ 1,603