XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets:    
Cash and deposits with banks $ 34,380 $ 34,365
Federal funds sold 26,605 12,515
Total cash and cash equivalents 60,985 46,880
Securities:    
Trading 364  
Available for sale 241,643 270,561
Held to maturity (fair value of $75,075 and $82,126, respectively) 77,491 82,911
Loans held for sale, at lower of cost or market   211
Loans held for sale, at fair value 91,472 83,541
Loans, net of allowance for loan losses of $20,443 and $21,202 2,176,842 1,999,877
Federal Home Loan Bank stock, at cost 19,144 19,324
Premises and equipment, net 21,930 22,094
Accrued interest receivable 9,080 8,190
Real estate owned and other repossessed assets, net 1,088 1,253
Goodwill 20,221 20,221
Cash surrender value of life insurance 64,220 62,488
Other assets 23,060 28,360
Total assets 2,811,357 2,649,905
Deposits:    
Non-interest bearing 394,208 354,970
Interest bearing 1,819,012 1,601,769
Total deposits 2,213,220 1,956,739
Federal Home Loan Bank advances    
Long-term Federal Home Loan Bank advances   48,536
Short-term Federal Home Loan Bank advances 243,000 308,000
Total Federal Home Loan Bank advances 243,000 356,536
Repurchase agreements and other borrowed funds 224 197
Total borrowed funds 243,224 356,733
Advance payments by borrowers for taxes and insurance 27,192 25,038
Accrued interest payable 1,279 1,097
Accrued expenses and other liabilities 17,108 16,033
Total liabilities 2,502,023 2,355,640
Commitments and contingent liabilities (Note 5 and Note 13)
Shareholders' Equity:    
Preferred stock-no par value; 1,000,000 shares authorized and no shares issued and outstanding
Common stock-no par value; 499,000,000 shares authorized; 54,138,910 shares issued and 49,128,875 and 49,800,126 shares, respectively, outstanding 177,492 177,458
Retained earnings 192,062 167,852
Accumulated other comprehensive loss (21,436) (18,685)
Treasury stock, at cost, 5,010,035 and 4,338,784 shares, respectively (38,784) (32,360)
Total shareholders’ equity 309,334 294,265
Total liabilities and shareholders’ equity 2,811,357 2,649,905
Customer list intangible [Member]    
Securities:    
Intangible assets 2,214 2,060
Core deposit intangibles [Member]    
Securities:    
Intangible assets $ 1,603 $ 1,934