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Consolidated Statements Of Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 50,566 $ 38,902
Interest-bearing deposits in other banks (including restricted cash) 24,861 181,723
Total cash, cash equivalents and restricted cash 75,427 220,625
Securities    
Trading securities 3,990 4,428
Available-for-sale securities, at fair value (amortized cost of $796,960 and $1,508,981, respectively) 695,875 1,507,486
Held-to-maturity securities, at amortized cost (fair value of $506,193 and $1,380, respectively) 546,583 1,291
Other investments 12,713 10,280
Total investments 1,259,161 1,523,485
Loans held for sale, at fair value (book value of $5,259 and $5,786, respectively) 5,197 5,815
Loans 4,010,353 3,431,474
Less: allowance for credit losses on loans (36,922) (33,256)
Net loans 3,973,431 3,398,218
Goodwill 94,697 94,697
Core deposit intangible assets 1,563 2,188
Bank-owned life insurance 99,142 97,241
Premises and equipment, net 36,022 37,775
Deferred tax assets 50,217 19,210
Other assets 76,993 101,102
Total assets 5,671,850 5,500,356
Deposits    
Non-interest checking 1,141,753 1,279,565
Interest checking 1,763,850 1,351,736
Savings and money market 1,439,622 1,459,472
Certificates of deposit 300,451 309,648
Brokered deposits 181,253 208,468
Total deposits 4,826,929 4,608,889
Short-term borrowings 265,176 211,608
Junior subordinated debentures 44,331 44,331
Accrued interest and other liabilities 84,136 94,234
Total liabilities 5,220,572 4,959,062
Commitments and contingencies (Note 11)
Shareholders' Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 14,567,325 and 14,739,956 on December 31, 2022 and 2021, respectively 115,069 123,111
Retained earnings 462,164 424,412
Accumulated other comprehensive loss (125,955) (6,229)
Total shareholders’ equity 451,278 541,294
Total liabilities and shareholders’ equity $ 5,671,850 $ 5,500,356