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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 97,743 $ 136,735
Federal funds sold and interest-bearing deposits in other banks 492,243 237,265
Total cash and cash equivalents 589,986 374,000
Securities available-for-sale, amortized cost $202,720 and $282,273, respectively 204,182 282,448
Securities held-to-maturity, fair value $3,207,259 and $2,579,103, respectively 3,211,977 2,509,088
Federal Home Loan Bank of Boston, stock at cost 11,594 13,361
Equity securities, amortized cost $1,635 and $1,635, respectively 1,680 1,668
Loans, net:    
Total loans, net 2,925,477 2,995,829
Less: allowance for loan losses 34,764 35,486
Net loans 2,890,713 2,960,343
Bank premises and equipment 42,222 39,062
Accrued interest receivable 13,413 13,283
Goodwill 2,714 2,714
Other assets 161,081 162,867
Total assets 7,129,562 6,358,834
Deposits:    
Demand deposits 1,203,943 1,103,878
Savings and NOW deposits 2,314,472 1,728,092
Money market accounts 2,337,665 2,074,108
Time deposits 348,296 546,143
Total deposits 6,204,376 5,452,221
Securities sold under agreements to repurchase 269,961 232,090
Other borrowed funds 118,786 177,009
Subordinated debentures 36,083 36,083
Due to broker 0  
Other liabilities 97,405 91,022
Total liabilities 6,726,611 5,988,425
Stockholders' Equity    
Preferred Stock – $1.00 par value; 100,000 shares authorized; no shares issued and outstanding
Additional paid-in capital 12,292 12,292
Retained earnings 408,700 378,699
Stockholders' equity before adjustment of accumulated other comprehensive income (loss) 426,560 396,559
Unrealized gains on securities available-for-sale, net of taxes 1,062 130
Unrealized losses on securities transferred to held-to-maturity, net of taxes (830) (1,221)
Pension liability, net of taxes (23,841) (25,059)
Total accumulated other comprehensive loss, net of taxes (23,609) (26,150)
Total stockholders' equity 402,951 370,409
Total liabilities and stockholders' equity 7,129,562 6,358,834
Construction and land development [Member]    
Loans, net:    
Total loans, net 6,358 10,909
Commercial and industrial [Member]    
Loans, net:    
Total loans, net 1,321,907 1,314,245
Municipal [Member]    
Loans, net:    
Total loans, net 138,945 137,607
Commercial real estate [Member]    
Loans, net:    
Total loans, net 729,384 789,836
Residential real estate [Member]    
Loans, net:    
Total loans, net 466,109 448,436
Consumer and overdrafts [Member]    
Loans, net:    
Total loans, net 19,549 20,439
Home equity [Member]    
Loans, net:    
Total loans, net 243,225 274,357
Class A Common Stock [Member]    
Stockholders' Equity    
Common stock value 3,673 3,656
Total stockholders' equity 3,673 3,656
Class B Common Stock [Member]    
Stockholders' Equity    
Common stock value 1,895 1,912
Total stockholders' equity $ 1,895 $ 1,912