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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 123,033 $ 70,257
Interest-bearing deposits in depository institutions 33,243 129,743
          Cash and Cash Equivalents 156,276 200,000
Investment securities available for sale, at fair value (amortized cost $1,479,545 and $1,673,864, net of allowance for credit losses of $0 at December 31, 2023 and December 31, 2022, respectively) 1,338,137 1,505,520
Other securities 30,966 23,807
          Total Investment Securities 1,369,103 1,529,327
Gross loans 4,125,923 3,646,258
Allowance for credit losses (22,745) (17,108)
          Net Loans 4,103,178 3,629,150
Bank owned life insurance 118,122 120,674
Premises and equipment, net 72,146 70,786
Accrued interest receivable 20,290 18,287
Deferred tax assets, net 42,216 44,884
Goodwill and other intangible assets, net 162,568 115,735
Other assets 124,153 149,263
          Total Assets 6,168,052 5,878,106
Deposits:    
Noninterest-bearing 1,342,804 1,351,415
Interest-bearing:    
Demand deposits 1,291,011 1,233,482
Savings deposits 1,259,457 1,396,869
Time deposits 1,040,990 888,100
          Total Deposits 4,934,262 4,869,866
Short-term borrowings:    
FHLB short-term advances 25,000 0
Securities sold under agreements to repurchase 309,856 290,964
FHLB long-term advances 100,000 0
Other liabilities 121,868 139,424
          Total Liabilities 5,490,986 5,300,254
Shareholders’ Equity    
Preferred stock, par value $25 per share: 500,000 shares authorized; 0 issued 0 0
Common stock, par value $2.50 per share: 50,000,000 shares authorized; 19,047,548 shares issued at December 31, 2023 and 2022, less 4,215,731 and 4,259,399 shares in treasury, respectively 47,619 47,619
Capital surplus 177,424 170,980
Retained earnings 780,299 706,696
Treasury stock (217,737) (215,955)
Accumulated other comprehensive loss:    
Unrealized loss on securities available-for-sale (107,958) (128,066)
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax 2,581 3,422
          Total Accumulated Other Comprehensive (Loss) Income (110,539) (131,488)
          Total Shareholders’ Equity 677,066 577,852
          Total Liabilities and Shareholders’ Equity $ 6,168,052 $ 5,878,106