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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 249,569 $ 124,442
Securities available for sale, at fair value (amortized cost of $1,011,849 and $1,037,990, respectively) 886,816 887,730
Securities held to maturity, at amortized cost (net of allowance for credit losses of $3 and $4, respectively) (fair value of $112,613 and $137,030, respectively) 121,279 148,156
Loans held for sale 2,495 1,370
Loans (net of allowance for credit losses of $44,678 and $51,082, respectively) 4,358,311 4,411,057
Company owned life insurance 165,424 161,363
Premises and equipment, net 40,788 39,902
Goodwill and other intangible assets, net 60,867 72,504
Other assets 270,768 314,357
Total assets 6,156,317 6,160,881
Deposits:    
Noninterest-bearing demand 978,660 1,010,614
Interest-bearing demand 793,996 713,158
Savings and money market 2,027,181 2,084,444
Time deposits 1,506,764 1,404,696
Total deposits 5,306,601 5,212,912
Short-term borrowings 55,000 185,000
Long-term borrowings, net of issuance costs of $235 and $468, respectively 124,765 124,532
Other liabilities 169,609 183,641
Total liabilities 5,655,975 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 125,112 125,841
Retained earnings 477,861 451,687
Accumulated other comprehensive loss (102,029) (119,941)
Treasury stock, at cost - 625,242 and 692,150 shares, respectively (18,055) (20,244)
Total shareholders’ equity 500,342 454,796
Total liabilities and shareholders’ equity 6,156,317 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