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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 69,804 $ 68,333
Interest-bearing deposits in depository institutions 233,006 131,667
Cash and Cash Equivalents 302,810 200,000
Investment securities available for sale, at fair value 1,456,259 1,505,520
Other securities 24,728 23,807
Total Investment Securities 1,480,987 1,529,327
Gross loans 3,894,686 3,646,258
Allowance for credit losses (22,724) (17,108)
Net Loans 3,871,962 3,629,150
Bank owned life insurance 124,238 120,674
Premises and equipment, net 73,430 70,786
Accrued interest receivable 18,395 18,287
Deferred tax assets, net 42,146 44,884
Goodwill and other intangible assets, net 164,099 115,735
Other assets 132,715 149,263
Total Assets 6,210,782 5,878,106
Deposits:    
Noninterest-bearing 1,420,990 1,351,415
Interest-bearing:    
Demand deposits 1,356,017 1,233,482
Savings deposits 1,397,523 1,396,869
Time deposits 962,235 888,100
Total Deposits 5,136,765 4,869,866
Customer repurchase agreements 293,256 290,964
Other liabilities 129,711 139,424
Total Liabilities 5,559,732 5,300,254
Commitments and contingencies - see Note I
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, 2023 and December 31, 2022, less 3,787,640 and 4,259,399 shares in treasury, respectively 47,619 47,619
Capital surplus 177,529 170,980
Retained earnings 721,727 706,696
Cost of common stock in treasury (179,436) (215,955)
Accumulated other comprehensive (loss) income:    
Unrealized (loss) gain on securities available-for-sale (112,967) (128,066)
Underfunded pension liability (3,422) (3,422)
Total Accumulated Other Comprehensive (Loss) Income (116,389) (131,488)
Total Shareholders’ Equity 651,050 578,027
Total Liabilities and Shareholders’ Equity $ 6,210,782 $ 5,878,106