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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 135,029 $ 117,580
Interest-bearing deposits in depository institutions 249,676 107,809
Cash and Cash Equivalents 384,705 225,389
Investment securities available for sale, at fair value (amortized cost $1,545,352 and $1,570,449, net of allowance for credit losses of $0 at March 31, 2025 and December 31, 2024, respectively) 1,416,808 1,421,306
Other securities 29,809 29,803
Total Investment Securities 1,446,617 1,451,109
Gross loans 4,285,824 4,274,776
Allowance for credit losses (21,669) (21,922)
Net Loans 4,264,155 4,252,854
Bank owned life insurance 121,738 120,887
Premises and equipment, net 69,696 70,539
Accrued interest receivable 21,603 20,650
Deferred tax assets, net 35,184 41,704
Goodwill and other intangible assets, net 159,501 160,044
Other assets 119,757 116,283
Total Assets 6,622,956 6,459,459
Deposits:    
Noninterest-bearing 1,365,870 1,344,449
Interest-bearing:    
Demand deposits 1,355,806 1,335,220
Savings deposits 1,260,903 1,215,358
Time deposits 1,275,890 1,249,123
Total Deposits 5,258,469 5,144,150
Securities sold under agreements to repurchase 347,729 325,655
FHLB long-term advances 150,000 150,000
Other liabilities 110,422 108,990
Total Liabilities 5,866,620 5,728,795
Commitments and contingencies - see Note I
Shareholders’ Equity    
Preferred stock, par value $25 per share: 500,000 shares authorized; none issued 0 0
Common stock, par value $2.50 per share: 50,000,000 shares authorized; 19,047,548 shares issued at March 31, 2025 and December 31, 2024, less 4,398,018 and 4,342,108 shares in treasury, respectively 47,619 47,619
Capital surplus 174,300 176,506
Retained earnings 871,406 852,757
Treasury Stock (237,038) (230,499)
Accumulated other comprehensive loss:    
Unrealized loss on securities available-for-sale (98,509) (114,277)
Underfunded pension liability (1,442) (1,442)
Total Accumulated Other Comprehensive Loss (99,951) (115,719)
Total Shareholders’ Equity 756,336 730,664
Total Liabilities and Shareholders’ Equity $ 6,622,956 $ 6,459,459