XML 49 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Assets    
Cash and due from banks $ 137,518 $ 75,999
Interest-bearing deposits in depository institutions 17,709 9,877
Cash and Cash Equivalents 155,227 85,876
Investment securities available for sale, at fair value 349,940 352,660
Investment securities held-to-maturity, at amortized cost (approximate fair value at March 31, 2014 and December 31, 2013, - $15,015 and $5,335, respectively) 14,344 4,117
Other securities 13,343 13,343
Total Investment Securities 377,627 370,120
Gross loans 2,557,035 2,606,197
Allowance for loan losses (21,044) (20,575)
Net Loans 2,535,991 2,585,622
Bank owned life insurance 92,803 92,047
Premises and equipment, net 81,393 82,548
Accrued interest receivable 7,843 6,866
Net deferred tax asset 40,432 42,165
Goodwill and other intangible assets 74,906 75,142
Other assets 31,514 27,852
Total Assets 3,397,736 3,368,238
Liabilities    
Noninterest-bearing 510,406 493,228
Interest-bearing:    
Demand deposits 622,085 601,527
Savings deposits 634,263 612,772
Time deposits 1,062,763 1,077,606
Total Deposits 2,829,517 2,785,133
Short-term borrowings:    
Customer repurchase agreements 121,913 137,798
Long-term debt 16,495 16,495
Other liabilities 36,061 41,189
Total Liabilities 3,003,986 2,980,615
Shareholders’ Equity    
Preferred stock, par value $25 per share: 500,000 shares authorized; none issued 0 0
Common stock, par value $2.50 per share: 50,000,000 shares authorized; 18,499,282 shares issued at March 31, 2014 and December 31, 2013, less 2,779,586 and 2,748,922 shares in treasury, respectively 46,249 46,249
Capital surplus 106,743 107,596
Retained earnings 341,486 333,970
Cost of common stock in treasury (96,514) (95,202)
Accumulated other comprehensive income (loss):    
Unrealized loss on securities available-for-sale (1,334) (2,110)
Underfunded pension liability (2,880) (2,880)
Total Accumulated Other Comprehensive Loss (4,214) (4,990)
Total Shareholders’ Equity 393,750 387,623
Total Liabilities and Shareholders’ Equity $ 3,397,736 $ 3,368,238