XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 54,577 $ 62,263
Interest-bearing deposits in depository institutions 27,783 25,876
Cash and Cash Equivalents 82,360 88,139
Investment securities available for sale, at fair value 504,660 450,083
Investment securities held-to-maturity, at amortized cost (approximate fair value at June 30, 2017 and December 31, 2016 - $71,207 and $76,445, respectively) 69,798 75,169
Other securities 16,039 14,352
Total Investment Securities 590,497 539,604
Gross loans 3,083,767 3,046,226
Allowance for loan losses (19,063) (19,730)
Net Loans 3,064,704 3,026,496
Bank owned life insurance 101,960 100,732
Premises and equipment, net 72,809 75,165
Accrued interest receivable 8,122 8,408
Net deferred tax asset 22,944 28,043
Goodwill and other intangible assets, net 78,865 79,135
Other assets 35,138 38,681
Total Assets 4,057,399 3,984,403
Liabilities    
Noninterest-bearing 688,223 672,286
Interest-bearing:    
Demand deposits 722,440 695,891
Savings deposits 797,552 822,057
Time deposits 1,069,932 1,041,419
Total Deposits 3,278,147 3,231,653
Federal funds purchased 46,400 64,100
Customer repurchase agreements 177,904 184,205
Long-term debt 16,495 16,495
Other liabilities 45,946 45,512
Total Liabilities 3,564,892 3,541,965
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; 19,047,548 shares and 18,606,944 shares issued at June 30, 2017 and December 31, 2017, less 3,430,319 and 3,478,511 shares in treasury, respectively 47,619 46,518
Capital surplus 139,972 112,873
Retained earnings 433,944 417,017
Cost of common stock in treasury (124,943) (126,958)
Accumulated other comprehensive income (loss):    
Unrealized gain on securities available-for-sale 575 (2,352)
Underfunded pension liability (4,660) (4,660)
Total Accumulated Other Comprehensive Income (Loss) (4,085) (7,012)
Total Shareholders’ Equity 492,507 442,438
Total Liabilities and Shareholders’ Equity $ 4,057,399 $ 3,984,403