v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents    
Cash and due from banks $ 9,527 $ 8,038
Interest-earning deposits 70,556 104,611
Total cash and cash equivalents 80,083 112,649
Investment securities, available-for-sale, at fair value 1,614,890 1,671,750
Commercial loans, at fair value 114,162 139,389
Loans, net of deferred loan fees and costs 7,073,906 7,116,676
Allowance for credit losses (63,495) (66,200)
Loans, net 7,010,411 7,050,476
Stock in Federal Reserve, Federal Home Loan and Atlantic Central Bankers Banks 50,115 25,205
Premises and equipment, net 28,282 29,834
Accrued interest receivable 43,342 43,090
Other real estate owned 62,011 60,695
Deferred tax asset, net 23,491 18,679
Credit enhancement asset 30,733 31,138
Other assets 158,457 169,520
Total assets 9,215,977 9,352,425
Deposits    
Demand and interest checking 7,353,151 7,827,037
Savings and money market 123,051 338,459
Total deposits 7,476,202 8,165,496
Short-term borrowings 744,000 199,000
Senior debt 196,528 196,253
Subordinated debentures 13,401 13,401
Other long-term borrowings 4,327 13,712
Other liabilities 76,138 74,767
Total liabilities 8,510,596 8,662,629
SHAREHOLDERS' EQUITY:    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 48,750,251 and 41,858,545 shares issued and outstanding, respectively, at March 31, 2026 and 48,404,006 and 42,355,361 shares issued and outstanding, respectively, at December 31, 2025 48,805 48,404
Additional paid-in capital 33,858 24,207
Retained earnings 1,128,093 1,007,368
Accumulated other comprehensive (loss) income (3,595) 10,839
Treasury stock at cost, 6,891,706 shares at March 31, 2026 and 6,048,645 shares at December 31, 2025 (501,780) (401,022)
Total shareholders' equity 705,381 689,796
Total liabilities and shareholders' equity $ 9,215,977 $ 9,352,425