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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 165,134 $ 58,829
Interest-bearing deposits in depository institutions 10,031 11,284
Cash and Cash Equivalents 175,165 70,113
Investment securities available for sale, at fair value 362,282 369,466
Investment securities held-to-maturity, at amortized cost (approximate fair value at March 31, 2016 and December 31, 2015 - $89,600 and $90,810, respectively) 86,518 88,937
Other securities 9,960 12,915
Total Investment Securities 458,760 471,318
Gross loans 2,877,117 2,862,534
Allowance for loan losses (19,315) (19,251)
Net Loans 2,857,802 2,843,283
Bank owned life insurance 98,679 97,919
Premises and equipment, net 75,965 77,271
Accrued interest receivable 8,517 7,432
Net deferred tax asset 27,541 29,974
Goodwill and other intangible assets, net 79,581 79,792
Other assets 47,656 36,957
Total Assets 3,829,666 3,714,059
Liabilities    
Noninterest-bearing 666,523 621,073
Interest-bearing:    
Demand deposits 711,366 679,735
Savings deposits 780,982 765,611
Time deposits 1,028,400 1,017,556
Total Deposits 3,187,271 3,083,975
Advances from Federal Home Loan Banks 0 13,000
Securities Sold under Agreements to Repurchase 156,714 141,869
Long-term debt 16,495 16,495
Other liabilities 51,068 39,448
Total Liabilities 3,411,548 3,294,787
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, 2016 and December 31, 2015, less 3,528,111 and 3,319,067 shares in treasury, respectively 46,249 46,249
Capital surplus 106,137 106,269
Retained earnings 395,963 390,690
Cost of common stock in treasury (129,142) (120,104)
Accumulated other comprehensive income (loss):    
Unrealized gain on securities available-for-sale 3,670 927
Underfunded pension liability (4,759) (4,759)
Total Accumulated Other Comprehensive Loss (1,089) (3,832)
Total Shareholders’ Equity 418,118 419,272
Total Liabilities and Shareholders’ Equity $ 3,829,666 $ 3,714,059