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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets:    
Cash and due from banks $ 131,946 $ 122,811
Money market instruments 37,166 23,635
Cash and cash equivalents 169,112 146,446
Investment securities:    
Securities available-for-sale, at fair value (amortized cost of $1,098,320 and $1,262,761 at December 31, 2017 and 2016, respectively) 1,093,816 1,258,139
Securities held-to-maturity, at amortized cost (fair value of $363,779 and $256,672 at December 31, 2017 and 2016, respectively) 357,197 259,833
Other investment securities 61,811 61,811
Total investment securities 1,512,824 1,579,783
Total loans 5,372,483 5,271,857
Allowance for loan losses (49,988) (50,624)
Net loans 5,322,495 5,221,233
Other assets:    
Bank owned life insurance 189,322 185,234
Prepaid assets 97,712 88,874
Goodwill 72,334 72,334
Premises and equipment, net 55,901 57,971
Affordable housing tax credit investments 49,669 52,947
Accrued interest receivable 22,164 18,822
Other real estate owned 14,190 13,926
Mortgage loan servicing rights 9,688 9,266
Other 22,209 20,750
Total other assets 533,189 520,124
Total assets 7,537,620 7,467,586
Deposits:    
Non-interest bearing 1,633,941 1,523,417
Interest bearing 4,183,385 3,998,539
Total deposits 5,817,326 5,521,956
Short-term borrowings 391,289 394,795
Long-term debt 500,000 694,281
Subordinated notes 15,000 45,000
Total borrowings 906,289 1,134,076
Other liabilities:    
Accrued interest payable 2,278 2,151
Unfunded commitments in affordable housing tax credit investments 14,282 14,282
Other 41,344 52,881
Total other liabilities 57,904 69,314
Total liabilities 6,781,519 6,725,346
Commitments and Contingencies
Shareholders’ equity:    
Preferred Stock, Value, Issued 0 0
Common shares, no par value (20,000,000 common shares authorized; 16,150,752 and 16,150,807 common shares issued at December 31, 2017 and 2016, respectively) 307,726 305,826
Accumulated other comprehensive loss, net (26,454) (17,745)
Retained earnings 561,908 535,631
Less: Treasury shares (862,558 and 810,089 common shares at December 31, 2017 and 2016, respectively) (87,079) (81,472)
Total shareholders’ equity 756,101 742,240
Total liabilities and shareholders’ equity $ 7,537,620 $ 7,467,586