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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 57,233 $ 58,829
Interest-bearing deposits in depository institutions 7,576 11,284
Cash and Cash Equivalents 64,809 70,113
Investment securities available for sale, at fair value 434,717 369,466
Investment securities held-to-maturity, at amortized cost (approximate fair value at September 30, 2016 and December 31, 2015 - $82,993 and $90,810, respectively) 79,499 88,937
Other securities 11,895 12,915
Total Investment Securities 526,111 471,318
Gross loans 2,957,912 2,862,534
Allowance for loan losses (19,550) (19,251)
Net Loans 2,938,362 2,843,283
Bank owned life insurance 100,293 97,919
Premises and equipment, net 75,589 77,271
Accrued interest receivable 7,986 7,432
Net deferred tax asset 23,179 29,974
Goodwill and other intangible assets, net 79,284 79,792
Other assets 50,748 36,957
Total Assets 3,866,361 3,714,059
Liabilities    
Noninterest-bearing 669,865 621,073
Interest-bearing:    
Demand deposits 713,642 679,735
Savings deposits 765,195 765,611
Time deposits 1,030,584 1,017,556
Total Deposits 3,179,286 3,083,975
Federal funds purchased 6,000 13,000
Customer repurchase agreements 173,384 141,869
Long-term debt 16,495 16,495
Other liabilities 56,412 39,448
Total Liabilities 3,431,577 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 September 30, 2016 and December 31, 2015, less 3,492,061 and 3,319,067 shares in treasury, respectively 46,249 46,249
Capital surplus 105,996 106,269
Retained earnings 408,823 390,690
Cost of common stock in treasury (127,538) (120,104)
Accumulated other comprehensive income (loss):    
Unrealized gain on securities available-for-sale 6,013 927
Underfunded pension liability (4,759) (4,759)
Total Accumulated Other Comprehensive Income (Loss) 1,254 (3,832)
Total Shareholders’ Equity 434,784 419,272
Total Liabilities and Shareholders’ Equity $ 3,866,361 $ 3,714,059