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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 71,332 $ 55,016
Interest-bearing deposits in depository institutions 44,862 67,975
Cash and Cash Equivalents 116,194 122,991
Investment securities available for sale, at fair value 798,930 721,796
Investment securities held-to-maturity, at amortized cost (approximate fair value at September 30, 2019 and December 31, 2018 - $52,845 and $60,706, respectively) 51,211 60,827
Other Investment Securities 28,070 30,268
Total Investment Securities 878,211 812,891
Gross loans 3,582,571 3,587,608
Allowance for loan losses (13,186) (15,966)
Net Loans 3,569,385 3,571,642
Bank owned life insurance 114,616 113,544
Premises and equipment, net 76,929 78,383
Accrued interest receivable 12,929 12,424
Net deferred tax asset 6,432 17,338
Goodwill and other intangible assets, net 120,773 122,848
Other assets 62,248 46,951
Total Assets 4,957,717 4,899,012
Deposits:    
Noninterest-bearing 795,548 789,119
Interest-bearing:    
Demand deposits 898,704 899,568
Savings deposits 980,539 934,218
Time deposits 1,354,787 1,352,654
Total Deposits 4,029,578 3,975,559
Federal funds purchased 0 40,000
Customer repurchase agreements 202,622 221,911
Long-term debt 4,055 4,053
Other liabilities 71,859 56,725
Total Liabilities 4,308,114 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 September 30, 2019 and December 31, 2018, less 2,745,409 and 2,492,403 shares in treasury, respectively 47,619 47,619
Capital surplus 169,794 169,555
Retained earnings 525,933 485,967
Cost of common stock in treasury (105,138) (87,895)
Accumulated other comprehensive income (loss):    
Unrealized gain (loss) on securities available-for-sale 17,266 (8,611)
Underfunded pension liability (5,871) (5,871)
Total Accumulated Other Comprehensive Income (Loss) 11,395 (14,482)
Total Shareholders’ Equity 649,603 600,764
Total Liabilities and Shareholders’ Equity $ 4,957,717 $ 4,899,012