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Consolidated Statements Of Condition - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 39,586 $ 52,240
Interest-bearing deposits in other banks (including restricted cash) 36,050 14,759
Total cash, cash equivalents and restricted cash 75,636 66,999
Securities    
Available-for-sale securities, at fair value (book value of $913,978 and $933,399, respectively) 918,118 910,692
Held-to-maturity securities, at amortized cost (fair value of $1,359 and $1,291, respectively) 1,302 1,307
Other investments 13,649 14,679
Total investments 933,069 926,678
Loans held for sale, at fair value (book value of $11,915 and $4,314, respectively) 11,854 4,403
Loans 3,095,023 3,026,222
Less: allowance for loan losses (25,171) (24,712)
Net loans 3,069,852 3,001,510
Goodwill 94,697 94,697
Core deposit intangible assets 3,525 4,230
Bank-owned life insurance 92,344 89,919
Premises and equipment, net 41,836 42,495
Deferred tax assets 16,823 23,053
Other assets 89,885 43,451
Total assets 4,429,521 4,297,435
Deposits    
Non-interest checking 552,590 496,729
Interest checking 1,153,203 1,023,373
Savings and money market 1,119,193 1,137,356
Certificates of deposit 521,752 443,912
Brokered deposits 191,005 363,104
Total deposits 3,537,743 3,464,474
Short-term borrowings 268,809 270,868
Long-term borrowings 10,000 11,580
Subordinated debentures 59,080 59,067
Accrued interest and other liabilities 80,474 55,621
Total liabilities 3,956,106 3,861,610
Commitments and contingencies
Shareholders' Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 15,144,719 and 15,591,914 on December 31, 2019 and 2018, respectively 139,103 158,215
Retained earnings 340,580 302,030
Accumulated other comprehensive income (loss)    
Net unrealized gains (losses) on available-for-sale securities, net of tax 3,250 (17,826)
Net unrealized losses on cash flow hedging derivative instruments, net of tax (6,048) (4,437)
Net unrecognized losses on postretirement plans, net of tax (3,470) (2,157)
Total accumulated other comprehensive loss (6,268) (24,420)
Total shareholders’ equity 473,415 435,825
Total liabilities and shareholders’ equity $ 4,429,521 $ 4,297,435