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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 76,759 $ 222,517
Federal funds sold 282 9,374
Securities available-for-sale 1,259,137 1,330,481
Loans 3,160,072 3,060,263
(Less) plus: Net deferred loan (fees)/costs 7,749 7,175
Allowance for credit losses (39,767) (39,779)
Loans, net 3,128,054 3,027,659
Restricted stock 15,364 15,378
Accrued interest receivable 24,877 21,288
Premises and equipment, net 67,286 66,147
Bank-owned life insurance 114,122 115,704
Goodwill 86,985 86,985
Other intangible assets 5,586 6,714
Other real estate owned 107 337
Other assets 72,587 86,697
TOTAL ASSETS 4,851,146 4,989,281
Deposits:    
Non-interest-bearing 750,335 857,920
Interest-bearing:    
Certificates of deposit exceeding the FDIC insurance limits 92,921 50,608
Other interest-bearing deposits 3,246,812 3,460,343
Total Deposits 4,090,068 4,368,871
Short-term borrowings 67,221 70,875
Other borrowings 108,577 9,589
Other liabilities 57,304 64,653
TOTAL LIABILITIES 4,323,170 4,513,988
Shareholders' equity    
Common stock, $0.125 stated value per share; Authorized shares - 40,000,000; Issued shares-16,137,220 in 2023 and 16,114,992 in 2022; Outstanding shares - 11,795,024 in 2023 and 12,051,964 in 2022 2,014 2,012
Additional paid-in capital 144,152 143,185
Retained earnings 663,726 614,829
Accumulated other comprehensive loss (127,087) (139,974)
Less: Treasury shares at cost - 4,342,196 in 2023 and 4,063,028 in 2022 (154,829) (144,759)
TOTAL SHAREHOLDERS' EQUITY 527,976 475,293
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 4,851,146 4,989,281
Commercial    
ASSETS    
Loans 1,817,526 1,798,260
Residential    
ASSETS    
Loans 695,788 673,464
Consumer    
ASSETS    
Loans $ 646,758 $ 588,539