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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Cash and due from banks $ 122,811 $ 119,412
Money market instruments 23,635 30,047
Cash and cash equivalents 146,446 149,459
Investment securities:    
Securities available-for-sale, at fair value (amortized cost of $1,262,761 and $1,436,714 at December 31, 2016 and 2015, respectively) 1,258,139 1,436,266
Securities held-to-maturity, at amortized cost (fair value of $256,672 and $151,428 at December 31, 2016 and 2015, respectively) 259,833 149,302
Other investment securities 61,811 58,311
Total investment securities 1,579,783 1,643,879
Total loans 5,271,857 5,068,085
Allowance for loan losses (50,624) (56,494)
Net loans 5,221,233 5,011,591
Other assets:    
Bank owned life insurance 185,234 181,684
Prepaid assets 88,874 80,635
Goodwill 72,334 72,334
Premises and equipment, net 57,971 59,493
Affordable housing tax credit investments 52,947 51,247
Accrued interest receivable 18,822 18,675
Other real estate owned 13,926 18,651
Mortgage loan servicing rights 9,266 9,008
Other 20,750 14,698
Total other assets 520,124 506,425
Total assets 7,467,586 7,311,354
Deposits:    
Non-interest bearing 1,523,417 1,404,032
Interest bearing 3,998,539 3,943,610
Total deposits 5,521,956 5,347,642
Short-term borrowings 394,795 394,242
Long-term debt 694,281 738,105
Subordinated notes 45,000 45,000
Total borrowings 1,134,076 1,177,347
Other liabilities:    
Accrued interest payable 2,151 2,338
Unfunded commitments in affordable housing tax credit investments 14,282 20,311
Other 52,881 50,361
Total other liabilities 69,314 73,010
Total liabilities 6,725,346 6,597,999
Commitments and Contingencies
Shareholders’ equity:    
Preferred Stock, Value, Issued 0 0
Common shares, no par value (20,000,000 shares authorized; 16,150,807 and 16,150,854 shares issued at December 31, 2016 and 2015, respectively) 305,826 303,966
Accumulated other comprehensive loss, net (17,745) (15,643)
Retained earnings 535,631 507,505
Less: Treasury shares (810,089 and 820,039 shares at December 31, 2016 and 2015, respectively) (81,472) (82,473)
Total shareholders’ equity 742,240 713,355
Total liabilities and shareholders’ equity $ 7,467,586 $ 7,311,354