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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 65,051 $ 101,804
Interest-bearing deposits in depository institutions 233,302 532,827
Cash and Cash Equivalents 298,353 634,631
Investment securities available for sale, at fair value 1,489,392 1,408,165
Other securities 24,372 25,531
Total Investment Securities 1,513,764 1,433,696
Gross loans 3,628,752 3,543,814
Allowance for credit losses (17,011) (18,166)
Net Loans 3,611,741 3,525,648
Bank owned life insurance 121,283 120,978
Premises and equipment, net 71,686 74,071
Accrued interest receivable 17,256 15,627
Deferred tax assets, net 49,888 63
Goodwill and other intangible assets, net 116,081 117,121
Other assets 147,716 81,860
Total Assets 5,947,768 6,003,695
Deposits:    
Noninterest-bearing 1,429,281 1,373,125
Interest-bearing:    
Demand deposits 1,160,970 1,135,848
Savings deposits 1,427,785 1,347,448
Time deposits 939,769 1,068,915
Total Deposits 4,957,805 4,925,336
Securities sold under agreements to repurchase 304,807 312,458
Other liabilities 136,868 84,796
Total Liabilities 5,399,480 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 September 30, 2022 and December 31, 2021, less 4,191,814 and 3,985,690 shares in treasury, respectively 47,619 47,619
Capital surplus 170,138 170,942
Retained earnings 685,657 641,826
Cost of common stock in treasury (209,644) (193,542)
Accumulated other comprehensive (loss) income:    
Unrealized (loss) gain on securities available-for-sale (141,997) 17,745
Underfunded pension liability (3,485) (3,485)
Total Accumulated Other Comprehensive (Loss) Income (145,482) 14,260
Total Shareholders’ Equity 548,288 681,105
Total Liabilities and Shareholders’ Equity $ 5,947,768 $ 6,003,695