XML 21 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 113,930,000 $ 103,485,000
Interest-earning deposits with banks 209,176,000 109,631,000
Securities    
Trading 1,598,000 1,324,000
Trading Securities, Equity 20,133,000 0
Available for sale 442,929,000 447,498,000
Held to maturity (fair value $523,288 and $494,194) 538,261,000 497,688,000
Total securities 1,002,921,000 946,510,000
Loans held for sale (at fair value) 9,614,000 4,768,000
Loans    
Commercial and industrial 976,264,000 888,528,000
Commercial real estate 3,131,337,000 3,116,561,000
Commercial construction 364,225,000 401,797,000
Small business 147,137,000 132,370,000
Residential real estate 779,421,000 754,329,000
Home equity - first position 646,626,000 612,990,000
Home equity - subordinate positions 422,671,000 439,098,000
Other consumer 11,590,000 9,880,000
Total loans [1] 6,479,271,000 6,355,553,000
Less: allowance for loan losses (62,557,000) (60,643,000)
Net loans 6,416,714,000 6,294,910,000
Federal Home Loan Bank stock 13,107,000 11,597,000
Bank premises and equipment, net 95,838,000 94,722,000
Goodwill 231,806,000 231,806,000
Other intangible assets 7,918,000 9,341,000
Cash surrender value of life insurance policies 153,574,000 151,528,000
Other real estate owned and other foreclosed assets 245,000 612,000
Other assets 126,159,000 123,119,000
Total assets 8,381,002,000 8,082,029,000
Deposits    
Demand deposits 2,262,871,000 2,159,396,000
Savings and interest checking accounts 2,739,228,000 2,599,922,000
Money market 1,351,623,000 1,325,634,000
Time certificates of deposit of $100,000 and over 302,219,000 278,531,000
Other time certificates of deposits 357,549,000 365,770,000
Total deposits 7,013,490,000 6,729,253,000
Borrowings    
Federal Home Loan Bank borrowings 50,775,000 53,264,000
Securities Sold under Agreements to Repurchase 142,235,000 162,679,000
Junior subordinated debentures (less unamortized debt issuance costs of $121 and $125) 73,077,000 73,073,000
Subordinated debentures (less unamortized debt issuance costs of $295 and $318) 34,705,000 34,682,000
Total borrowings 300,792,000 323,698,000
Other liabilities 89,655,000 85,269,000
Total liabilities 7,403,937,000 7,138,220,000
Commitments and contingencies 0 0
Stockholders' equity    
Preferred stock, $.01 par value, authorized: 1,000,000 shares, outstanding: none 0 0
Common stock, $.01 par value, authorized: 75,000,000 shares, issued and outstanding: 27,532,524 shares at June 30, 2018 and 27,450,190 shares at December 31, 2017 (includes 159,969 and 177,191 shares of unvested participating restricted stock awards, respectively) 274,000 273,000
Value of shares held in rabbi trust at cost: 156,714 shares at June 30, 2018 and 164,438 shares at December 31, 2017 (4,653,000) (4,590,000)
Deferred compensation and other retirement benefit obligations 4,653,000 4,590,000
Additional paid in capital 481,979,000 479,430,000
Retained earnings 504,926,000 465,937,000
Accumulated other comprehensive loss, net of tax (10,114,000) (1,831,000)
Total stockholders’ equity 977,065,000 943,809,000
Total liabilities and stockholders' equity $ 8,381,002,000 $ 8,082,029,000
[1] The amount of net deferred costs on originated loans included in the ending balance was $6.7 million and $6.1 million at June 30, 2018 and December 31, 2017, respectively. Net unamortized discounts on acquired loans not deemed to be purchased credit impaired ("PCI") included in the ending balance was $8.8 million and $9.4 million at June 30, 2018 and December 31, 2017, respectively.