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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 237,038 $ 124,442
Securities available for sale, at fair value (amortized cost of $1,083,669 and $1,037,990, respectively 923,761 887,730
Securities held to maturity, at amortized cost (net of allowance for credit losses of $3 and $4, respectively) (fair value of $131,269 and $137,030, respectively) 143,714 148,156
Loans held for sale 504 1,370
Loans (net of allowance for credit losses of $43,075 and $51,082, respectively) 4,398,971 4,411,057
Company owned life insurance 162,685 161,363
Premises and equipment, net 39,798 39,902
Goodwill and other intangible assets, net 72,287 72,504
Other assets 319,840 314,357
Total assets 6,298,598 6,160,881
Deposits:    
Noninterest-bearing demand 972,801 1,010,614
Interest-bearing demand 798,831 713,158
Savings and money market 2,064,539 2,084,444
Time deposits 1,560,586 1,404,696
Total deposits 5,396,757 5,212,912
Short-term borrowings 133,000 185,000
Long-term borrowings, net of issuance costs of $390 and $468, respectively 124,610 124,532
Other liabilities 198,497 183,641
Total liabilities 5,852,864 5,706,085
Shareholders’ equity:    
Total preferred equity 17,292 17,292
Common stock, $0.01 par value; 50,000,000 shares authorized; 16,099,556 shares issued 161 161
Additional paid-in capital 124,627 125,841
Retained earnings 448,772 451,687
Accumulated other comprehensive loss (126,264) (119,941)
Treasury stock, at cost - 652,607 and 692,150 shares, respectively (18,854) (20,244)
Total shareholders’ equity 445,734 454,796
Total liabilities and shareholders’ equity 6,298,598 6,160,881
Series A 3% Preferred Stock [Member]    
Shareholders’ equity:    
Total preferred equity 143 143
Series B-1 8.48% Preferred Stock [Member]    
Shareholders’ equity:    
Total preferred equity $ 17,149 $ 17,149