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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and balances due from banks $ 92,114 $ 94,679
Interest-bearing deposits in other banks 56,368 59,343
Total cash and cash equivalents 148,482 154,022
Available-for-sale investment securities, at fair value (amortized cost of $1,292,331 at June 30, 2023 and $1,300,719 at December 31, 2022) [1] 1,133,439 1,131,399
Held-to-maturity investment securities, at amortized cost (fair value of $594,268 at June 30, 2023 and $478,509 at December 31, 2022) [1] 673,925 560,212
Other investment securities 63,579 51,609
Total investment securities [1] 1,870,943 1,743,220
Loans and leases, net of deferred fees and costs [2] 5,974,596 4,707,150
Allowance for credit losses (61,211) (53,162)
Net loans [3] 5,913,385 4,653,988
Loans held for sale 3,218 2,140
Bank premises and equipment, net of accumulated depreciation 103,924 82,934
Bank owned life insurance 138,181 105,292
Goodwill 356,397 292,397
Other intangible assets 56,775 33,932
Other assets 195,330 139,379
Total assets 8,786,635 7,207,304
Deposits:    
Non-interest-bearing 1,682,634 1,589,402
Interest-bearing 5,277,235 4,127,539
Total deposits 6,959,869 5,716,941
Short-term borrowings 569,935 500,138
Long-term borrowings 123,579 101,093
Accrued expenses and other liabilities 134,345 103,804
Total liabilities 7,787,728 6,421,976
Stockholders’ equity    
Preferred shares, no par value, 50,000 shares authorized, no shares issued at June 30, 2023 or at December 31, 2022 0 0
Common shares, no par value, 50,000,000 shares authorized, 36,711,075 shares issued at June 30, 2023 and 29,857,920 shares issued at December 31, 2022, including at each date shares held in treasury 862,960 686,450
Retained earnings 289,445 265,936
Accumulated other comprehensive loss, net of deferred income taxes (118,920) (127,136)
Treasury stock, at cost, 1,415,639 shares at June 30, 2023 and 1,643,461 shares at December 31, 2022 (34,578) (39,922)
Total stockholders’ equity 998,907 785,328
Total liabilities and stockholders’ equity $ 8,786,635 $ 7,207,304
[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, at June 30, 2023 and December 31, 2022.
[2] Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" and "loans held for investment."
[3] Also referred to throughout this Quarterly Report on Form 10-Q as "net loans"