XML 21 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 106,748,000 $ 127,503,000
Interest-earning deposits with banks 185,526,000 122,952,000
Securities    
Trading 1,837,000 1,504,000
Equity Securities, FV-NI 20,357,000 19,477,000
Debt Securities, Available-for-sale 437,689,000 442,752,000
Held to maturity (fair value $623,156 and $603,640) 623,243,000 611,490,000
Total securities 1,083,126,000 1,075,223,000
Loans held for sale (at fair value) 5,586,000 6,431,000
Loans    
Commercial and industrial 1,150,632,000 1,093,629,000
Commercial real estate 3,254,085,000 3,251,248,000
Commercial construction 373,517,000 365,165,000
Small business 166,410,000 164,676,000
Residential real estate 935,238,000 923,294,000
Home equity - first position 642,451,000 654,083,000
Home equity - subordinate positions 438,290,000 438,001,000
Other consumer 16,249,000 16,098,000
Total loans [1] 6,976,872,000 6,906,194,000
Less: allowance for loan losses (65,140,000) (64,293,000)
Net loans 6,911,732,000 6,841,901,000
Federal Home Loan Bank stock 7,667,000 15,683,000
Bank premises and equipment, net 98,843,000 97,581,000
Goodwill 256,105,000 256,105,000
Other intangible assets 14,339,000 15,250,000
Cash surrender value of life insurance policies 161,521,000 160,456,000
Other assets 166,264,000 132,507,000
Total assets 8,997,457,000 8,851,592,000
Deposits    
Demand deposits 2,329,566,000 2,450,907,000
Savings and interest checking accounts 2,914,367,000 2,865,349,000
Money market 1,496,118,000 1,399,761,000
Time certificates of deposit of $100,000 and over 362,632,000 351,629,000
Other time certificates of deposits 360,919,000 359,474,000
Total deposits 7,463,602,000 7,427,120,000
Borrowings    
Federal Home Loan Bank borrowings 25,752,000 147,806,000
Short-term Debt 49,993,000 [2] 0
Long-term Debt 74,914,000 [2] 0
Junior subordinated debentures (less unamortized debt issuance costs of $116 and $118) 73,082,000 76,173,000
Subordinated debentures (less unamortized debt issuance costs of $701 and $272) 84,299,000 34,728,000
Total borrowings 308,040,000 258,707,000
Other liabilities 121,277,000 92,275,000
Total liabilities 7,892,919,000 7,778,102,000
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: 28,137,504 shares at March 31, 2019 and 28,080,408 shares at December 31, 2018 (includes 155,012 and 153,459 shares of unvested participating restricted stock awards, respectively) 280,000 279,000
Value of shares held in rabbi trust at cost: 144,166 shares at March 31, 2019 and 153,226 shares at December 31, 2018 (4,599,000) (4,718,000)
Deferred compensation and other retirement benefit obligations 4,599,000 4,718,000
Additional paid in capital 527,795,000 527,648,000
Retained earnings 569,582,000 546,736,000
Accumulated other comprehensive income (loss), net of tax 6,881,000 (1,173,000)
Total stockholders’ equity 1,104,538,000 1,073,490,000
Total liabilities and stockholders' equity $ 8,997,457,000 $ 8,851,592,000
[1] The amount of net deferred costs on originated loans included in the ending balance was $7.3 million and $7.1 million at March 31, 2019 and December 31, 2018, respectively. Net unamortized discounts on acquired loans not deemed to be purchased credit impaired ("PCI") included in the ending balance was $14.3 million and $15.2 million at March 31, 2019 and December 31, 2018, respectively.
[2] Fair value was determined by discounting anticipated future cash payments using rates currently available for instruments with similar remaining maturities.