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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets:    
Cash and due from banks $ 141,890 $ 131,946
Money market instruments 25,324 37,166
Cash and cash equivalents 167,214 169,112
Investment securities:    
Debt securities available-for-sale, at fair value (amortized cost of $1,028,883 and $1,097,645 at December 31, 2018 and 2017, respectively) 1,003,421 1,091,881
Debt securities held-to-maturity, at amortized cost (fair value of $351,422 and $363,779 at December 31, 2018 and 2017, respectively) 351,808 357,197
Other investment securities 55,851 63,746
Total investment securities 1,411,080 1,512,824
Total loans 5,692,132 5,372,483
Allowance for loan losses (51,512) (49,988)
Net loans 5,640,620 5,322,495
Other assets:    
Bank owned life insurance 188,417 189,322
Prepaid assets 94,079 97,712
Goodwill 112,739 72,334
Intangible Assets, Net (Excluding Goodwill) 6,971 0
Premises and equipment, net 59,771 55,901
Affordable housing tax credit investments 50,347 49,669
Accrued interest receivable 22,974 22,164
Other real estate owned 4,303 14,190
Mortgage loan servicing rights 10,178 9,688
Other 35,615 22,209
Total other assets 585,394 533,189
Total assets 7,804,308 7,537,620
Deposits:    
Non-interest bearing 1,804,881 1,633,941
Interest bearing 4,455,979 4,183,385
Total deposits 6,260,860 5,817,326
Short-term borrowings 221,966 391,289
Long-term debt 400,000 500,000
Subordinated notes 15,000 15,000
Total borrowings 636,966 906,289
Other liabilities:    
Accrued interest payable 2,625 2,278
Unfunded commitments in affordable housing tax credit investments 22,282 14,282
Other 49,069 41,344
Total other liabilities 73,976 57,904
Total liabilities 6,971,802 6,781,519
Commitments and contingencies
Shareholders’ equity:    
Preferred Stock, Value, Issued 0 0
Common shares, no par value (20,000,000 common shares authorized; 16,586,165 and 16,150,752 common shares issued at December 31, 2018 and 2017, respectively) 358,598 307,726
Accumulated other comprehensive loss, net of taxes (49,788) (26,454)
Retained earnings 614,069 561,908
Less: Treasury shares (887,987 and 862,558 common shares at December 31, 2018 and 2017, respectively) (90,373) (87,079)
Total shareholders’ equity 832,506 756,101
Total liabilities and shareholders’ equity $ 7,804,308 $ 7,537,620