v3.26.1
Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Consolidated Statements of Financial Condition (Unaudited) [Abstract]    
Cash and due from banks $ 44,503 $ 50,569
Federal funds sold and other short term investments 652,136 679,858
Total cash and cash equivalents 696,639 730,427
Securities available for sale 303,241 310,418
Held to maturity securities ($3,867 and $4,389 fair value at June 30, 2026 and December 31, 2025, respectively) 3,842 4,339
Federal Home Loan Bank stock 6,756 6,601
Loans, net of deferred costs 5,377,235 5,252,460
Less: Allowance for credit losses on loans 54,082 52,205
Net loans 5,323,153 5,200,255
Bank premises and equipment, net 42,273 40,707
Operating lease right-of-use assets 33,872 33,638
Other assets 115,137 114,315
Total assets 6,524,913 6,440,700
Deposits:    
Demand 824,717 814,908
Interest-bearing checking 1,089,746 1,077,141
Savings accounts 1,076,934 1,069,564
Money market deposit accounts 438,799 457,389
Time deposits 2,251,370 2,138,415
Total deposits 5,681,566 5,557,417
Short-term borrowings 108,382 120,054
Operating lease liabilities 36,361 36,391
Accrued expenses and other liabilities 42,595 40,249
Total liabilities 5,868,904 5,754,111
SHAREHOLDERS’ EQUITY:    
Capital stock par value $1.00; 30,000,000 shares authorized; 20,118,509 shares issued at both June 30, 2026 and December 31, 2025, 17,027,740 and 18,029,107 shares outstanding at June 30, 2026 and December 31, 2025, respectively 20,119 20,119
Surplus 261,283 260,333
Undivided profits 499,997 479,996
Accumulated other comprehensive income, net of tax 6,967 10,024
Treasury stock at cost - 3,090,769 and 2,089,402 shares at June 30, 2026 and December 31, 2025, respectively (132,357) (83,883)
Total shareholders’ equity 656,009 686,589
Total liabilities and shareholders’ equity $ 6,524,913 $ 6,440,700