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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 100,877 $ 101,804
Interest-bearing deposits in depository institutions 497,171 532,827
Cash and Cash Equivalents 598,048 634,631
Investment securities available for sale, at fair value 1,409,513 1,408,165
Other securities 24,785 25,531
Total Investment Securities 1,434,298 1,433,696
Gross loans 3,559,905 3,543,814
Allowance for credit losses (17,280) (18,166)
Net Loans 3,542,625 3,525,648
Bank owned life insurance 120,522 120,978
Premises and equipment, net 73,067 74,071
Accrued interest receivable 16,101 15,627
Deferred tax assets, net 18,001 63
Goodwill and other intangible assets, net 116,774 117,121
Other assets 92,331 81,860
Total Assets 6,011,767 6,003,695
Deposits:    
Noninterest-bearing 1,357,266 1,373,125
Interest-bearing:    
Demand deposits 1,191,492 1,135,848
Savings deposits 1,425,528 1,347,448
Time deposits 1,024,559 1,068,915
Total Deposits 4,998,845 4,925,336
Securities sold under agreements to repurchase 288,483 312,458
Other liabilities 92,009 84,796
Total Liabilities 5,379,337 5,322,590
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 March 31, 2022 and December 31, 2021, less 4,002,084 and 3,985,690 shares in treasury, respectively 47,619 47,619
Capital surplus 170,206 170,942
Retained earnings 654,138 641,826
Cost of common stock in treasury (194,819) (193,542)
Accumulated other comprehensive (loss) income:    
Unrealized (loss) gain on securities available-for-sale (41,229) 17,745
Underfunded pension liability (3,485) (3,485)
Total Accumulated Other Comprehensive (Loss) Income (44,714) 14,260
Total Shareholders’ Equity 632,430 681,105
Total Liabilities and Shareholders’ Equity $ 6,011,767 $ 6,003,695