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CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 56,292 $ 39,586
Interest-bearing deposits in other banks (including restricted cash) 99,536 36,050
Total cash, cash equivalents and restricted cash 155,828 75,636
Investments:    
Available-for-sale securities, at fair value (book value of $1,010,325 and $913,978, respectively) 1,047,663 918,118
Held-to-maturity securities, at amortized cost (fair value of $1,388 and $1,359, respectively) 1,299 1,302
Other investments 15,127 13,649
Total investments 1,064,089 933,069
Loans held for sale, at fair value (book value of $35,909 and $11,915, respectively) 36,590 11,854
Loans 3,326,041 3,095,023
Less: allowance for loan losses (35,539) (25,171)
Net loans 3,290,502 3,069,852
Goodwill 94,697 94,697
Core deposit intangible assets 3,184 3,525
Bank-owned life insurance 93,647 92,344
Premises and equipment, net 41,109 41,836
Deferred tax assets 10,705 16,823
Other assets 168,665 89,885
Total assets 4,959,016 4,429,521
Deposits:    
Non-interest checking 712,146 552,590
Interest checking 1,349,456 1,153,203
Savings and money market 1,278,603 1,119,193
Certificates of deposit 431,376 521,752
Brokered deposits 224,777 191,005
Total deposits 3,996,358 3,537,743
Short-term borrowings 245,998 268,809
Long-term borrowings 25,000 10,000
Subordinated debentures 59,231 59,080
Accrued interest and other liabilities 125,962 80,474
Total liabilities 4,452,549 3,956,106
Commitments and Contingencies
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 14,963,041 and 15,144,719 on June 30, 2020 and December 31, 2019, respectively 131,981 139,103
Retained earnings 355,130 340,580
Accumulated other comprehensive income (loss):    
Net unrealized gain on available-for-sale debt securities, net of tax 29,310 3,250
Net unrealized loss on cash flow hedging derivative instruments, net of tax (6,750) (6,048)
Net unrecognized loss on postretirement plans, net of tax (3,204) (3,470)
Total accumulated other comprehensive income (loss) 19,356 (6,268)
Total shareholders’ equity 506,467 473,415
Total liabilities and shareholders’ equity $ 4,959,016 $ 4,429,521