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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 12,684 $ 10,629
Federal funds sold   102
Interest-earning deposits 190,778 642,591
Total cash and cash equivalents 203,462 653,322
Securities available for sale 823,820 622,689
Equity security, at fair value 14,894 15,117
FHLB and FRB stock, at cost 12,901 13,709
Loans held for sale, at fair value 3,974 13,588
Loans held for sale, at lower of cost or fair value 11,179 18,520
Loans 4,568,833 4,372,437
Less: Allowance for loan and lease losses 63,505 67,309
Net loans 4,505,328 4,305,128
Premises and equipment 23,261 21,609
Other real estate owned   50
Accrued interest receivable 23,117 22,495
Bank owned life insurance 46,605 46,809
Goodwill 33,103 33,103
Other intangible assets 10,053 10,788
Finance lease right-of-use assets 3,956 4,330
Operating lease right-of-use assets 9,569 9,421
Other assets 66,466 99,764
TOTAL ASSETS 5,791,688 5,890,442
Deposits:    
Noninterest-bearing demand deposits 959,494 833,500
Interest-bearing deposits:    
Checking [1] 1,978,497 1,849,254
Savings 147,227 130,731
Money market accounts 1,213,992 1,298,885
Certificates of deposit - retail 446,143 530,222
Certificates of deposit - listing service 31,631 32,128
Subtotal deposits 4,776,984 4,674,720
Interest-bearing demand - brokered 85,000 110,000
Certificates of deposit - brokered 33,791 33,764
Total deposits 4,895,775 4,818,484
Short-term borrowings   15,000
Paycheck Protection Program Liquidity Facility 83,586 177,086
Finance lease liabilities 6,299 6,753
Operating lease liabilities 9,902 9,737
Subordinated debt, net 132,557 181,794
Deferred tax liabilities, net 27,362 32,978
Accrued expenses and other liabilities 97,748 121,488
TOTAL LIABILITIES 5,253,229 5,363,320
SHAREHOLDERS’ EQUITY    
Preferred stock (no par value; authorized 500,000 shares; liquidation preference of $1,000 per share)
Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 20,590,810 at June 30, 2021 and 20,342,881 at December 31, 2020; outstanding shares, 18,829,877 at June 30, 2021 and 18,974,703 at December 31, 2020 17,164 16,958
Surplus 328,035 326,592
Treasury stock at cost, 1,760,933 shares at June 30, 2021 and 1,368,178 shares at December 31, 2020 (48,461) (36,477)
Retained earnings 247,136 221,441
Accumulated other comprehensive loss, net of income tax (5,415) (1,392)
TOTAL SHAREHOLDERS’ EQUITY 538,459 527,122
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY $ 5,791,688 $ 5,890,442
[1] Interest-bearing checking includes $668.1 million at June 30, 2021 and $652.5 million at December 31, 2020 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.