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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 53,373 $ 55,016
Interest-bearing deposits in depository institutions 115,346 67,975
Cash and Cash Equivalents 168,719 122,991
Investment securities available for sale, at fair value 796,237 721,796
Investment securities held-to-maturity, at amortized cost (approximate fair value at June 30, 2019 and December 31, 2018 - $54,677 and $60,706, respectively) 53,362 60,827
Other Investment Securities 28,014 30,268
Total Investment Securities 877,613 812,891
Gross loans 3,519,367 3,587,608
Allowance for loan losses (13,795) (15,966)
Net Loans 3,505,572 3,571,642
Bank owned life insurance 113,855 113,544
Premises and equipment, net 78,263 78,383
Accrued interest receivable 12,719 12,424
Net deferred tax asset 8,835 17,338
Goodwill and other intangible assets, net 121,322 122,848
Other assets 53,569 46,951
Total Assets 4,940,467 4,899,012
Deposits:    
Noninterest-bearing 798,056 789,119
Interest-bearing:    
Demand deposits 891,742 899,568
Savings deposits 974,847 934,218
Time deposits 1,366,991 1,352,654
Total Deposits 4,031,636 3,975,559
Federal funds purchased 0 40,000
Customer repurchase agreements 207,033 221,911
Long-term debt 4,054 4,053
Other liabilities 60,836 56,725
Total Liabilities 4,303,559 4,298,248
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 issued at June 30, 2019 and December 31, 2018, less 2,650,266 and 2,492,403 shares in treasury, respectively 47,619 47,619
Capital surplus 169,374 169,555
Retained earnings 512,911 485,967
Cost of common stock in treasury (98,084) (87,895)
Accumulated other comprehensive income (loss):    
Unrealized gain (loss) on securities available-for-sale 10,959 (8,611)
Underfunded pension liability (5,871) (5,871)
Total Accumulated Other Comprehensive Income (Loss) 5,088 (14,482)
Total Shareholders’ Equity 636,908 600,764
Total Liabilities and Shareholders’ Equity $ 4,940,467 $ 4,899,012