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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 121,853 $ 123,033
Interest-bearing deposits in depository institutions 196,829 33,243
Cash and Cash Equivalents 318,682 156,276
Investment securities available for sale, at fair value (amortized cost $1,503,572 and $1,479,545, net of allowance for credit losses of $0 at March 31, 2024 and December 31, 2023, respectively) 1,347,657 1,338,137
Other securities 30,681 30,966
Total Investment Securities 1,378,338 1,369,103
Gross loans 4,091,788 4,125,923
Allowance for credit losses (22,310) (22,745)
Net Loans 4,069,478 4,103,178
Bank owned life insurance 118,875 118,122
Premises and equipment, net 71,623 72,146
Accrued interest receivable 21,759 20,290
Deferred tax assets, net 43,969 42,216
Goodwill and other intangible assets, net 161,832 162,568
Other assets 129,627 124,153
Total Assets 6,314,183 6,168,052
Deposits:    
Noninterest-bearing 1,359,072 1,342,804
Interest-bearing:    
Demand deposits 1,330,268 1,291,011
Savings deposits 1,266,211 1,259,457
Time deposits 1,100,250 1,040,990
Total Deposits 5,055,801 4,934,262
Short-term borrowings:    
FHLB short-term advances 0 25,000
Securities sold under agreements to repurchase 304,941 309,856
FHLB long-term advances 150,000 100,000
Other liabilities 121,210 121,868
Total Liabilities 5,631,952 5,490,986
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, 2024 and December 31, 2023, less 4,222,772 and 4,215,731 shares in treasury, respectively 47,619 47,619
Capital surplus 175,747 177,424
Retained earnings 799,024 780,299
Treasury Stock (218,555) (217,737)
Accumulated other comprehensive (loss) income:    
Unrealized (loss) on securities available-for-sale (119,023) (107,958)
Underfunded pension liability (2,581) (2,581)
Total Accumulated Other Comprehensive (Loss) (121,604) (110,539)
Total Shareholders’ Equity 682,231 677,066
Total Liabilities and Shareholders’ Equity $ 6,314,183 $ 6,168,052