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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets [Abstract]    
Cash and due from banks $ 92,365 $ 88,658
Interest-bearing deposits in depository institutions 18,271 51,486
Cash and Cash Equivalents 110,636 140,144
Investment securities available for sale, at fair value 934,113 810,106
Investment securities held-to-maturity, at amortized cost (approximate fair value at March 31, 2020 and December 31, 2019 - $0 and $50,598, respectively) 0 49,036
Other securities 26,827 28,490
Total Investment Securities 960,940 887,632
Gross loans 3,613,050 3,616,099
Allowance for credit losses (24,393) (11,589)
Net Loans 3,588,657 3,604,510
Bank owned life insurance 116,000 115,261
Premises and equipment, net 78,948 76,965
Accrued interest receivable 12,570 11,569
Net deferred tax asset 2,159 6,669
Goodwill and other intangible assets, net 119,829 120,241
Other assets 98,710 55,765
Total Assets 5,088,449 5,018,756
Deposits:    
Noninterest-bearing 857,501 805,087
Interest-bearing:    
Demand deposits 837,966 896,465
Savings deposits 989,609 1,009,771
Time deposits 1,366,977 1,364,571
Total Deposits 4,052,053 4,075,894
Federal Home Loan Bank advances 9,900 0
Securities sold under agreements to repurchase 224,247 211,255
Long-term debt 0 4,056
Other liabilities 117,021 69,568
Total Liabilities 4,403,221 4,360,773
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 March 31, 2020 and December 31, 2019, less 2,907,168 and 2,744,109 shares in treasury, respectively 47,619 47,619
Capital surplus 170,096 170,309
Retained earnings 556,718 539,253
Cost of common stock in treasury (116,665) (105,038)
Accumulated other comprehensive income:    
Unrealized gain on securities available-for-sale 33,730 12,110
Underfunded pension liability (6,270) (6,270)
Total Accumulated Other Comprehensive Income 27,460 5,840
Total Shareholders’ Equity 685,228 657,983
Total Liabilities and Shareholders’ Equity $ 5,088,449 $ 5,018,756