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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 97,523 $ 77,412
Interest-bearing deposits in depository institutions 512,367 451,247
Cash and Cash Equivalents 609,890 528,659
Investment securities available for sale, at fair value 1,340,681 1,178,789
Other securities 24,548 27,372
Total Investment Securities 1,365,229 1,206,161
Gross loans 3,529,416 3,622,119
Allowance for credit losses (20,016) (24,549)
Net Loans 3,509,400 3,597,570
Bank owned life insurance 119,491 118,243
Premises and equipment, net 76,263 76,925
Accrued interest receivable 15,967 15,793
Goodwill and other intangible assets, net 117,857 118,592
Other assets 89,958 96,697
Total Assets 5,904,055 5,758,640
Deposits:    
Noninterest-bearing 1,279,932 1,176,990
Interest-bearing:    
Demand deposits 1,070,004 1,027,201
Savings deposits 1,301,219 1,188,003
Time deposits 1,153,391 1,260,022
Total Deposits 4,804,546 4,652,216
Securities sold under agreements to repurchase 311,316 295,956
Net deferred tax liability 2,310 3,202
Other liabilities 90,407 106,160
Total Liabilities 5,208,579 5,057,534
Commitments and contingencies - see Note H
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, 2021 and December 31, 2020, less 3,520,586 and 3,280,040 shares in treasury, respectively 47,619 47,619
Capital surplus 169,674 171,304
Retained earnings 613,553 589,988
Cost of common stock in treasury (157,936) (139,038)
Accumulated other comprehensive income:    
Unrealized gain on securities available-for-sale 28,227 36,894
Underfunded pension liability (5,661) (5,661)
Total Accumulated Other Comprehensive Income 22,566 31,233
Total Shareholders’ Equity 695,476 701,106
Total Liabilities and Shareholders’ Equity $ 5,904,055 $ 5,758,640