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CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 51,487 $ 50,566
Interest-bearing deposits in other banks (including restricted cash) 42,791 24,861
Total cash, cash equivalents and restricted cash 94,278 75,427
Investments:    
Trading securities 4,235 3,990
Available-for-sale securities, at fair value (amortized cost of $757,959 and $796,960, respectively) 658,205 695,875
Held-to-maturity securities, at amortized cost (fair value of $495,590 and $506,193, respectively) 534,584 546,583
Other investments 14,655 12,713
Total investments 1,211,679 1,259,161
Loans held for sale, at fair value (book value of $11,685 and $5,259, respectively) 12,036 5,197
Loans 4,100,131 4,010,353
Less: allowance for credit losses on loans (36,983) (36,922)
Net loans 4,063,148 3,973,431
Goodwill 94,697 94,697
Core deposit intangible assets 1,267 1,563
Bank-owned life insurance 100,357 99,142
Premises and equipment, net 35,356 36,022
Deferred tax assets 48,105 50,217
Other assets 83,008 76,993
Total assets 5,743,931 5,671,850
Deposits:    
Non-interest checking 1,015,184 1,141,753
Interest checking 1,627,250 1,763,850
Savings and money market 1,377,791 1,439,622
Certificates of deposit 449,265 300,451
Brokered deposits 224,255 181,253
Total deposits 4,693,745 4,826,929
Short-term borrowings 448,182 265,176
Junior subordinated debentures 44,331 44,331
Accrued interest and other liabilities 90,297 84,136
Total liabilities 5,276,555 5,220,572
Commitments and Contingencies (Note 7)
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 14,554,778 and 14,567,325 on June 30, 2023 and December 31, 2022, respectively 114,302 115,069
Retained earnings 475,008 462,164
Accumulated other comprehensive loss (121,934) (125,955)
Total shareholders’ equity 467,376 451,278
Total liabilities and shareholders’ equity $ 5,743,931 $ 5,671,850