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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 94,679 $ 74,354
Interest-bearing deposits in other banks 59,343 341,373
Total cash and cash equivalents 154,022 415,727
Available-for-sale investment securities, at fair value (amortized cost of $1,300,719 at December 31, 2022 and $1,283,146 at December 31, 2021) [1] 1,131,399 1,275,493
Held-to-maturity investment securities, at amortized cost (fair value of $479,896 at December 31, 2022 and $369,955 at December 31, 2021) [1] 560,212 374,129
Other investment securities 51,609 33,987
Total investment securities [1] 1,743,220 1,683,609
Loans and leases, net of deferred fees and cost [2] 4,707,150 4,481,600
Allowance for credit losses (53,162) (63,967)
Net loans 4,653,988 4,417,633
Loans held for sale 2,140 3,791
Bank premises and equipment, net of accumulated depreciation 82,934 89,260
Bank owned life insurance 105,292 73,358
Goodwill 292,397 264,193
Other intangible assets 33,932 26,816
Other assets 139,379 89,134
Total assets 7,207,304 7,063,521
Deposits:    
Non-interest-bearing 1,589,402 1,641,422
Interest-bearing 4,127,539 4,221,130
Total deposits 5,716,941 5,862,552
Short-term borrowings 500,138 166,482
Long-term borrowings 101,093 99,475
Accrued expenses and other liabilities 103,804 89,987
Total liabilities 6,421,976 6,218,496
Stockholders’ Equity    
Preferred stock, no par value, 50,000 shares authorized and no shares issued at December 31, 2022 and December 31, 2021 0 0
Common stock, no par value, 50,000,000 shares authorized, 29,857,920 shares issued at December 31, 2022 and 29,814,401 shares issued at December 31, 2021, including shares held in treasury 686,450 686,282
Retained earnings 265,936 207,076
Accumulated other comprehensive loss, net of deferred income taxes (127,136) (11,619)
Treasury stock, at cost, 1,643,461 shares at December 31, 2022 and 1,577,359 shares at December 31, 2021 (39,922) (36,714)
Total stockholders’ equity 785,328 845,025
Total liabilities and stockholders’ equity $ 7,207,304 $ 7,063,521
[1] Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $241, respectively, as of December 31, 2022 and $0 and $286, respectively, at December 31, 2021.
[2] Also referred to throughout this Form 10-K as "total loans" and "loans held for investment."