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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 152,168 $ 112,947
Securities available for sale, at fair value 444,845 417,917
Securities held to maturity, at amortized cost (net of allowance for credit losses of $13 and $0, respectively) (fair value of $354,571 and $363,259, respectively) 346,239 359,000
Loans held for sale 3,822 4,224
Loans (net of allowance for credit losses of $43,356 and $30,482, respectively) 3,193,871 3,190,505
Company owned life insurance 69,414 68,942
Premises and equipment, net 41,426 41,424
Goodwill and other intangible assets, net 74,629 74,923
Other assets 145,354 114,296
Total assets 4,471,768 4,384,178
Deposits:    
Noninterest-bearing demand 732,917 707,752
Interest-bearing demand 724,670 627,842
Savings and money market 1,270,253 1,039,892
Time deposits 1,059,345 1,180,189
Total deposits 3,787,185 3,555,675
Short-term borrowings 109,500 275,500
Long-term borrowings, net of issuance costs of $709 and $727, respectively 39,291 39,273
Other liabilities 96,399 74,783
Total liabilities 4,032,375 3,945,231
Shareholders’ equity:    
Total preferred equity 17,328 17,328
Common stock, $0.01 par value; 50,000,000 shares authorized; 16,099,556 shares issued 161 161
Additional paid-in capital 124,445 124,582
Retained earnings 301,243 313,364
Accumulated other comprehensive loss (2,082) (14,513)
Treasury stock, at cost – 80,172 and 96,657 shares, respectively (1,702) (1,975)
Total shareholders’ equity 439,393 438,947
Total liabilities and shareholders’ equity 4,471,768 4,384,178
Series A 3% Preferred Stock [Member]    
Shareholders’ equity:    
Total preferred equity 143 143
Series B-1 8.48% Preferred Stock [Member]    
Shareholders’ equity:    
Total preferred equity $ 17,185 $ 17,185