Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Mar. 01, 2020
Dec. 31, 2019
ASSETS                
Cash and Due From Banks $ 72,114 $ 72,686 $ 91,209 $ 77,963 $ 65,313      
Federal Funds Sold and Interest Bearing Deposits 528,536 497,679 603,315 790,465 970,041      
Total Cash and Cash Equivalents 600,650 570,365 694,524 868,428 1,035,354 $ 928,549   $ 378,423
Investment Securities, Available for Sale, at fair value (amortized cost of $455,232 and $660,732) 413,294 416,745 601,405 624,361 654,611      
Investment Securities, Held to Maturity (fair value of $612,702 and $339,699) 660,744 676,178 528,258 518,678 339,601      
Equity Securities 10 1,349 900 855 861      
Total Investment Securities 1,074,048 1,094,272 1,130,563 1,143,894 995,073      
Loans Held For Sale, at fair value 26,909 23,162 24,986 46,256 52,532      
Loans Held for Investment 2,547,685 2,369,785 2,235,252 1,988,660 1,931,465      
Allowance for Credit Losses (25,068) (22,747) (21,463) (20,788) (21,606) $ (23,816)   (13,905)
Loans Held for Investment, Net 2,522,617 2,347,038 2,213,789 1,967,872 1,909,859      
Premises and Equipment, Net 82,138 81,736 82,932 82,518 83,412      
Goodwill and Other Intangibles 93,093 93,133 93,173 93,213 93,253      
Other Real Estate Owned 431 13 90 17 17      
Other Assets 119,337 118,272 111,270 106,330 94,349      
Total Assets 4,519,223 4,327,991 4,351,327 4,308,528 4,263,849      
Deposits [Abstract]                
Noninterest Bearing Deposits 1,653,620 1,737,046 1,724,671 1,704,329 1,668,912      
Interest Bearing Deposits 2,285,697 2,022,332 2,061,587 2,061,178 2,043,950      
Total Deposits 3,939,317 3,759,378 3,786,258 3,765,507 3,712,862      
Short-Term Borrowings 56,793 52,271 39,463 30,865 34,557      
Subordinated Notes Payable 52,887 52,887 52,887 52,887 52,887      
Other Long-Term Borrowings 513 562 612 806 884      
Other Liabilities 73,675 84,657 93,319 77,323 67,735      
Total Liabilities 4,123,185 3,949,755 3,972,539 3,927,388 3,868,925      
Temporary Equity 8,757 9,751 10,083 10,512 11,758   $ 7,400  
SHAREOWNERS' EQUITY                
Preferred Stock, $.01 par value; 3,000,000 shares authorized; no shares issued and outstanding      
Common Stock, $.01 par value; 90,000,000 shares authorized;16,986,785 and 16,892,060 shares issued and outstanding at December 31, 2022 and 2021, respectively 170 170 170 169 169      
Additional Paid-In Capital 37,331 36,234 35,738 35,188 34,423      
Retained Earnings 387,009 380,284 373,562 369,014 364,788      
Accumulated Other Comprehensive Loss, Net of Tax (37,229) (48,203) (40,765) (33,743) (16,214)      
Total Shareowners' Equity 387,281 368,485 368,705 370,628 383,166     $ 327,016
Total Liabilities, Temporary Equity, and Shareowners' Equity $ 4,519,223 $ 4,327,991 $ 4,351,327 $ 4,308,528 $ 4,263,849