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CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 48,124 $ 44,057
Interest-bearing deposits in other banks 50,218 58,914
Cash 98,342 102,971
Investments:    
Available-for-sale securities, at fair value 780,343 789,899
Held-to-maturity securities, at amortized cost (fair value of $90.6 million and $94.9 million, respectively) 92,933 94,073
Other investments 16,901 23,670
Total investments 890,177 907,642
Loans held for sale, at fair value 10,158 8,103
Loans 2,908,843 2,782,439
Less: allowance for loan losses (23,526) (24,171)
Net loans 2,885,317 2,758,268
Goodwill 94,697 94,697
Other intangible assets, net of amortization 4,411 4,955
Bank-owned life insurance 89,312 87,489
Premises and equipment, net 41,277 41,891
Deferred tax assets 25,738 22,776
Other assets 52,155 36,606
Total assets 4,191,584 4,065,398
Deposits:    
Demand 564,113 478,643
Interest checking 932,972 855,570
Savings and money market 996,790 985,508
Certificates of deposit 446,414 475,010
Brokered deposits 280,466 205,760
Total deposits 3,220,755 3,000,491
Short-term borrowings 409,732 541,796
Long-term borrowings 10,738 10,791
Subordinated debentures 59,028 58,911
Accrued interest and other liabilities 73,806 49,996
Total liabilities 3,774,059 3,661,985
Commitments and Contingencies
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 15,584,526 and 15,524,704 on September 30, 2018 and December 31, 2017, respectively 158,019 156,904
Retained earnings 292,741 266,723
Accumulated other comprehensive loss:    
Net unrealized losses on available-for-sale debt securities, net of tax (26,221) (10,300)
Net unrealized losses on cash flow hedging derivative instruments, net of tax (3,373) (5,926)
Net unrecognized losses on postretirement plans, net of tax (3,641) (3,988)
Total accumulated other comprehensive loss (33,235) (20,214)
Total shareholders’ equity 417,525 403,413
Total liabilities and shareholders’ equity $ 4,191,584 $ 4,065,398