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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 88,658 $ 55,016
Interest-bearing deposits in depository institutions 51,486 67,975
Cash and Cash Equivalents 140,144 122,991
Investment securities available for sale, at fair value 810,106 721,796
Investment securities held-to-maturity, at amortized cost (approximate fair value at December 31, 2019 and 2018 - $50,598 and $60,706, respectively) 49,036 60,827
Other securities 28,490 30,268
Total Investment Securities 887,632 812,891
Gross loans 3,616,099 3,587,608
Allowance for loan losses (11,589) (15,966)
Net Loans 3,604,510 3,571,642
Bank owned life insurance 115,261 113,544
Premises and equipment, net 76,965 78,383
Accrued interest receivable 11,569 12,424
Deferred tax asset, net 6,669 17,338
Goodwill and other intangible assets, net 120,241 122,848
Other assets 55,765 46,951
Total Assets 5,018,756 4,899,012
Deposits:    
Noninterest-bearing 805,087 789,119
Interest-bearing:    
Demand deposits 896,465 899,568
Savings deposits 1,009,771 934,218
Time deposits 1,364,571 1,352,654
Total Deposits 4,075,894 3,975,559
Short-term borrowings:    
Federal Home Loan Bank advances 0 40,000
Securities sold under agreements to repurchase 211,255 221,911
Long-term debt 4,056 4,053
Other liabilities 69,568 56,725
Total Liabilities 4,360,773 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 December 31, 2019 and 2018, less 2,744,109 and 2,492,403 shares in treasury, respectively 47,619 47,619
Capital surplus 170,309 169,555
Retained earnings 539,253 485,967
Cost of common stock in treasury (105,038) (87,895)
Accumulated other comprehensive income (loss):    
Unrealized gain (loss) on securities available-for-sale 12,110 (8,611)
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax 6,270 5,871
Total Accumulated Other Comprehensive Income (Loss) 5,840 (14,482)
Total Shareholders’ Equity 657,983 600,764
Total Liabilities and Shareholders’ Equity $ 5,018,756 $ 4,899,012