v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and balances due from banks $ 122,105 $ 108,721
Interest-bearing deposits in other banks 63,970 108,943
Total cash and cash equivalents 186,075 217,664
Available-for-sale investment securities, at fair value (amortized cost of $1,170,092 at June 30, 2025 and $1,229,382 at December 31, 2024) [1] 1,051,497 1,083,555
Held-to-maturity investment securities, at amortized cost (fair value of $831,611 at June 30, 2025 and $692,499 at December 31, 2024) [1] 900,019 774,800
Total other investment securities 67,538 60,132
Total investment securities [1] 2,019,054 1,918,487
Loans and leases, net of deferred fees and costs [2] 6,601,589 6,358,003
Allowance for credit losses (74,681) (63,348)
Net loans and leases [3] 6,526,908 6,294,655
Loans held for sale 3,047 2,348
Bank premises and equipment, net of accumulated depreciation 103,875 103,669
Bank owned life insurance 145,954 143,710
Goodwill 363,199 363,199
Other intangible assets 34,586 39,223
Other assets 157,910 171,292
Total assets 9,540,608 9,254,247
Deposits:    
Non-interest-bearing 1,530,824 1,507,661
Interest-bearing 6,106,384 6,082,544
Total deposits 7,637,208 7,590,205
Short-term borrowings 396,860 193,474
Long-term borrowings 232,391 238,073
Accrued expenses and other liabilities 120,799 120,905
Total liabilities 8,387,258 8,142,657
Stockholders’ equity    
Preferred shares, no par value, $50,000 shares authorized, no shares issued at June 30, 2025 or at December 31, 2024 0 0
Common shares, no par value, $50,000,000 shares authorized, $36,808,227 shares issued at June 30, 2025 and $36,782,601 shares issued at December 31, 2024, including at each date shares held in treasury 868,493 866,844
Retained earnings 406,252 388,109
Accumulated other comprehensive loss, net of deferred income taxes (90,272) (110,385)
Treasury stock, at cost, $1,219,408 shares at June 30, 2025 and $1,311,175 shares at December 31, 2024 (31,123) (32,978)
Total stockholders’ equity 1,153,350 1,111,590
Total liabilities and stockholders’ equity $ 9,540,608 $ 9,254,247
[1]     Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $237, respectively, at both June 30, 2025 and at December 31, 2024.
[2] Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" or "loans held for investment."
[3] Also referred to throughout this Quarterly Report on Form 10-Q as "net loans."