v3.26.3
Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS:    
Cash and due from banks $ 42,914 $ 50,569
Federal funds sold and other short term investments 554,402 679,858
Total cash and cash equivalents 597,316 730,427
Securities available for sale 294,023 310,418
Held to maturity securities ($3,562 and $4,389 fair value at September 30, 2026 and December 31, 2025, respectively) 3,640 4,339
Federal Home Loan Bank stock 6,756 6,601
Loans, net of deferred costs 5,454,286 5,252,460
Less: Allowance for credit losses on loans 55,162 52,205
Net loans 5,399,124 5,200,255
Bank premises and equipment, net 42,266 40,707
Operating lease right-of-use assets 32,715 33,638
Other assets 118,220 114,315
Total assets 6,494,060 6,440,700
Deposits:    
Demand 817,555 814,908
Interest-bearing checking 1,077,289 1,077,141
Savings accounts 1,060,493 1,069,564
Money market deposit accounts 429,555 457,389
Time deposits 2,299,326 2,138,415
Total deposits 5,684,218 5,557,417
Short-term borrowings 98,108 120,054
Operating lease liabilities 35,075 36,391
Accrued expenses and other liabilities 45,334 40,249
Total liabilities 5,862,735 5,754,111
SHAREHOLDERS’ EQUITY:    
Capital stock par value $1.00; 30,000,000 shares authorized; 20,118,509 shares issued at both September 30, 2026 and December 31, 2025, 16,527,740 and 18,029,107 shares outstanding at September 30, 2026 and December 31, 2025, respectively 20,119 20,119
Surplus 261,758 260,333
Undivided profits 510,684 479,996
Accumulated other comprehensive income, net of tax 76 10,024
Treasury stock at cost - 3,590,769 and 2,089,402 shares at September 30, 2026 and December 31, 2025, respectively (161,312) (83,883)
Total shareholders’ equity 631,325 686,589
Total liabilities and shareholders’ equity $ 6,494,060 $ 6,440,700