XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 89,435 $ 87,707
Investments:    
Available-for-sale securities, at fair value 797,251 779,867
Held-to-maturity securities, at amortized cost 94,207 94,609
Federal Home Loan Bank and Federal Reserve Bank stock, at cost 24,560 23,203
Total investments 916,018 897,679
Loans held for sale, at fair value 12,997 14,836
Loans 2,748,290 2,594,564
Less: allowance for loan losses (24,413) (23,116)
Net loans 2,723,877 2,571,448
Goodwill 94,697 94,697
Other intangible assets 5,347 6,764
Bank-owned life insurance 86,869 78,119
Premises and equipment, net 42,422 42,873
Deferred tax assets 36,344 39,263
Other assets 31,937 30,844
Total assets 4,039,943 3,864,230
Deposits:    
Demand 476,386 406,934
Interest checking 758,568 701,494
Savings and money market 976,246 979,263
Certificates of deposit 498,965 468,203
Brokered deposits 246,248 272,635
Total deposits 2,956,413 2,828,529
Short-term borrowings 538,997 530,129
Long-term borrowings 10,738 10,791
Subordinated debentures 58,872 58,755
Accrued interest and other liabilities 60,557 44,479
Total liabilities 3,625,577 3,472,683
Commitments and Contingencies
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 15,515,577 and 15,476,379 on September 30, 2017 and December 31, 2016, respectively 156,561 156,041
Retained earnings 270,316 249,415
Accumulated other comprehensive loss:    
Net unrealized losses on available-for-sale securities, net of tax (5,165) (6,085)
Net unrealized losses on cash flow hedging derivative instruments, net of tax (5,344) (5,694)
Net unrecognized losses on postretirement plans, net of tax (2,002) (2,130)
Total accumulated other comprehensive loss (12,511) (13,909)
Total shareholders’ equity 414,366 391,547
Total liabilities and shareholders’ equity $ 4,039,943 $ 3,864,230