Lakeland Bancorp, Inc(NASDAQ:LBAI) 
Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that provides various banking products and services for individuals and small to medium sized businesses. The company offers commercial banking services, including savings, money market, and time accounts, as well as deman...
Website: http://www.lakelandbank.com
Founded: 1989
Full Time Employees: 692
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
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Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2019-12-31 | 2019-03-31 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2009-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-09-30 | 2002-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loans and fees | 114,680,000 | 114,678,000 | 111,618,000 | 105,261,000 | 100,481,000 | 95,295,000 | 84,924,000 | 76,973,000 | 67,809,000 | 178,259,000 | 58,778,000 | 56,801,000 | 55,825,000 | 14,410,500 | 57,642,000 | 8,851,500 | 11,828,000 | 11,725,000 | 11,853,000 | 11,848,000 | 11,629,000 | |||||||||||||||||||||||||||||||
federal funds sold and interest-bearing deposits with banks | 1,102,000 | 1,293,000 | 1,307,000 | 1,981,000 | 728,000 | 449,000 | 429,000 | 235,000 | 182,000 | 403,000 | 37,000 | 92,000 | 36,000 | 63,500 | 254,000 | 145,000 | 166,000 | 154,500 | 210,000 | 132,000 | 276,000 | 228,000 | 142,000 | 124,000 | 75,000 | 32,000 | 7,000 | 11,000 | 12,000 | 25,000 | 24,000 | 9,000 | 13,000 | 36,000 | 27,000 | 17,000 | 13,000 | 22,000 | 17,000 | 6,000 | 6,000 | 12,000 | 16,000 | 11,000 | 12,000 | |||||||
taxable investment securities and other | 11,631,000 | 11,905,000 | 12,078,000 | 11,939,000 | 11,554,000 | 10,769,000 | 9,589,000 | 8,285,000 | 6,709,000 | 13,227,000 | 3,981,000 | 4,139,000 | 4,763,000 | 1,218,250 | 4,873,000 | 4,027,000 | 3,992,000 | 2,784,250 | 3,720,000 | 3,818,000 | 3,599,000 | 2,878,000 | 2,627,000 | 2,696,000 | 2,962,000 | 2,562,000 | 2,639,000 | 2,688,000 | 2,674,000 | 2,592,000 | 2,387,000 | 2,515,000 | 2,546,000 | 2,441,000 | 2,017,000 | 1,808,000 | 1,719,000 | 1,906,000 | 2,121,000 | 2,207,000 | 2,340,000 | |||||||||||
tax-exempt investment securities | 1,448,000 | 1,450,000 | 1,536,000 | 1,587,000 | 1,642,000 | 1,666,000 | 1,485,000 | 1,442,000 | 1,302,000 | 2,021,000 | 612,000 | 401,000 | 349,000 | 102,000 | 408,000 | 429,000 | 443,000 | 383,750 | 503,000 | 522,000 | 510,000 | 487,000 | 470,000 | 417,000 | 413,000 | 396,000 | 390,000 | 398,000 | 410,000 | 429,000 | 436,000 | 467,000 | 473,000 | 461,000 | 461,000 | 440,000 | 430,000 | 450,000 | 428,000 | 453,000 | 490,000 | 500,000 | 500,000 | 507,000 | 499,000 | |||||||
total interest income | 128,861,000 | 129,326,000 | 126,539,000 | 120,768,000 | 114,405,000 | 108,179,000 | 96,427,000 | 86,935,000 | 76,002,000 | 193,910,000 | 63,408,000 | 61,433,000 | 60,973,000 | 15,794,250 | 63,177,000 | 52,260,000 | 50,145,000 | 35,185,750 | 48,735,000 | 47,212,000 | 44,796,000 | 43,683,000 | 43,005,000 | 39,037,000 | 37,571,000 | 33,055,000 | 32,159,000 | 31,308,000 | 30,992,000 | 31,228,000 | 30,796,000 | 30,549,000 | 29,930,000 | 30,145,000 | 29,855,000 | 27,630,000 | 26,569,000 | 27,232,000 | 27,495,000 | 27,938,000 | 28,294,000 | 28,747,000 | 29,288,000 | 29,600,000 | 29,889,000 | 85,230,000 | 16,379,000 | 16,002,000 | 16,211,000 | 16,498,000 | 16,376,000 | |
interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits | 54,763,000 | 52,175,000 | 45,058,000 | 36,704,000 | 29,158,000 | 21,767,000 | 13,618,000 | 4,829,000 | 4,039,000 | 11,669,000 | 5,124,000 | 7,012,000 | 8,094,000 | 2,874,250 | 11,497,000 | 6,501,000 | 5,755,000 | 2,890,250 | 4,443,000 | 3,784,000 | 3,334,000 | 3,017,000 | 2,886,000 | 2,404,000 | 2,205,000 | 1,662,000 | 1,464,000 | 1,346,000 | 1,283,000 | 1,302,000 | 1,256,000 | 1,243,000 | 1,263,000 | 1,349,000 | 1,518,000 | 1,560,000 | 1,662,000 | 1,923,000 | 2,026,000 | 2,139,000 | 2,256,000 | 2,568,000 | 2,572,000 | 2,807,000 | 2,931,000 | 17,045,000 | 3,282,000 | 3,030,000 | 3,436,000 | 4,003,000 | 3,810,000 | |
federal funds purchased and securities sold under agreements to repurchase | 5,560,000 | 5,791,000 | 10,186,000 | 10,365,000 | 7,222,000 | 2,771,000 | 717,000 | 150,000 | 20,000 | 55,000 | 23,000 | 27,000 | 75,000 | 152,000 | 608,000 | 233,000 | 134,000 | 40,000 | 52,000 | 98,000 | 10,000 | 3,000 | 19,000 | 9,000 | 38,000 | 18,000 | 33,000 | 37,000 | 22,000 | 9,000 | 19,000 | 35,000 | 15,000 | 3,000 | 14,000 | 13,000 | 9,000 | 11,000 | 12,000 | 28,000 | 28,000 | 15,000 | 18,000 | 28,000 | 27,000 | |||||||
other borrowings | 5,980,000 | 6,052,000 | 2,389,000 | 2,157,000 | 2,100,000 | 2,001,000 | 1,807,000 | 1,654,000 | 1,555,000 | 4,079,000 | 1,533,000 | 2,260,000 | 2,285,000 | 616,500 | 2,466,000 | 2,033,000 | 2,020,000 | 1,540,750 | 2,125,000 | 1,909,000 | 2,129,000 | 2,484,000 | 1,582,000 | 1,522,000 | 1,478,000 | 1,256,000 | 1,328,000 | 1,256,000 | 1,169,000 | 1,067,000 | 1,069,000 | 852,000 | 807,000 | 820,000 | 836,000 | 911,000 | 962,000 | 1,134,000 | 1,802,000 | 2,023,000 | 2,064,000 | 2,107,000 | 2,347,000 | 2,344,000 | 2,347,000 | |||||||
total interest expense | 66,303,000 | 64,018,000 | 57,633,000 | 49,226,000 | 38,480,000 | 26,539,000 | 16,142,000 | 6,633,000 | 5,614,000 | 15,803,000 | 6,680,000 | 9,299,000 | 10,454,000 | 3,642,750 | 14,571,000 | 8,767,000 | 7,909,000 | 4,471,000 | 6,620,000 | 5,791,000 | 5,473,000 | 5,504,000 | 4,487,000 | 3,935,000 | 3,721,000 | 2,936,000 | 2,825,000 | 2,639,000 | 2,474,000 | 2,378,000 | 2,344,000 | 2,130,000 | 2,085,000 | 2,172,000 | 2,368,000 | 2,484,000 | 2,633,000 | 3,068,000 | 3,840,000 | 4,190,000 | 4,348,000 | 4,690,000 | 4,937,000 | 5,179,000 | 5,305,000 | 28,786,000 | 4,209,000 | 3,547,000 | 3,901,000 | 4,490,000 | 4,288,000 | |
net interest income | 62,558,000 | 65,308,000 | 68,906,000 | 71,542,000 | 75,925,000 | 81,640,000 | 80,285,000 | 80,302,000 | 70,388,000 | 178,107,000 | 56,728,000 | 52,134,000 | 50,519,000 | 147,428,000 | 48,606,000 | 43,493,000 | 42,236,000 | 42,379,000 | 42,115,000 | 41,421,000 | 39,323,000 | 38,179,000 | 38,518,000 | 35,102,000 | 33,850,000 | 30,119,000 | 29,334,000 | 28,669,000 | 28,518,000 | 28,850,000 | 28,452,000 | 28,419,000 | 27,845,000 | 27,973,000 | 27,487,000 | 25,146,000 | 23,936,000 | 24,164,000 | 23,655,000 | 23,748,000 | 23,946,000 | 24,057,000 | 24,351,000 | 24,421,000 | 24,584,000 | 56,444,000 | 12,170,000 | 12,455,000 | 12,310,000 | 12,008,000 | 12,088,000 | |
benefit for credit losses | -2,692,000 | 6,272,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit for credit losses | 65,250,000 | 64,116,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
noninterest income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
service charges on deposit accounts | 1,959,000 | 2,710,000 | 1,996,000 | 2,844,000 | 2,789,000 | 2,840,000 | 2,808,000 | 2,711,000 | 2,626,000 | 7,560,000 | 2,296,000 | 2,288,000 | 1,875,000 | 643,250 | 2,573,000 | 2,545,000 | 2,611,000 | 1,981,500 | 2,797,000 | 2,674,000 | 2,455,000 | 2,577,000 | 2,615,000 | 2,523,000 | 2,442,000 | 2,620,000 | 2,614,000 | 2,450,000 | 2,340,000 | 2,612,000 | 2,689,000 | 2,663,000 | 2,559,000 | 2,785,000 | 2,838,000 | 2,692,000 | 2,522,000 | 2,590,000 | 2,757,000 | 2,710,000 | 2,447,000 | 2,590,000 | 2,623,000 | 2,571,000 | 2,478,000 | 5,686,000 | 1,913,000 | 1,706,000 | 1,511,000 | 1,492,000 | 1,471,000 | |
commissions and fees | 1,690,000 | 1,706,000 | 1,731,000 | 1,863,000 | 1,925,000 | 2,243,000 | 2,212,000 | 2,555,000 | 2,106,000 | 5,341,000 | 1,598,000 | 1,667,000 | 1,196,000 | 353,000 | 1,412,000 | 1,410,000 | 1,272,000 | 887,250 | 1,258,000 | 1,135,000 | 1,156,000 | 1,089,000 | 1,182,000 | 1,099,000 | 979,000 | 1,081,000 | 984,000 | 1,196,000 | 1,307,000 | 1,168,000 | 1,371,000 | 1,082,000 | 1,013,000 | 1,090,000 | 1,139,000 | 1,143,000 | 1,213,000 | 1,090,000 | 1,162,000 | 1,259,000 | 980,000 | 916,000 | 915,000 | 1,040,000 | 832,000 | 1,762,000 | 793,000 | 717,000 | 539,000 | 440,000 | 537,000 | |
income on bank owned life insurance | 877,000 | 837,000 | 816,000 | 1,021,000 | 776,000 | 862,000 | 1,468,000 | 820,000 | 830,000 | 2,042,000 | 634,000 | 670,000 | 665,000 | 170,750 | 683,000 | 711,000 | 719,000 | 387,500 | 624,000 | 500,000 | 426,000 | 437,000 | 1,303,000 | 414,000 | 408,000 | 475,000 | 455,000 | 388,000 | 699,000 | 363,000 | 365,000 | 365,000 | 360,000 | 374,000 | 383,000 | 340,000 | 313,000 | 309,000 | 357,000 | 339,000 | 339,000 | 353,000 | 356,000 | 359,000 | 355,000 | |||||||
gain on equity securities | -129,000 | -135,000 | 148,000 | -364,000 | -170,000 | 198,000 | 143,000 | 353,000 | ||||||||||||||||||||||||||||||||||||||||||||
gains on sales of loans held for sale | 305,000 | 252,000 | 349,000 | 229,000 | 430,000 | 624,000 | 355,000 | 715,000 | 1,426,000 | |||||||||||||||||||||||||||||||||||||||||||
swap income | 289,000 | 482,000 | 697,000 | 361,000 | 56,000 | 466,000 | 711,000 | 399,000 | 72,000 | 562,000 | 624,000 | 767,000 | ||||||||||||||||||||||||||||||||||||||||
other income | 103,000 | 155,000 | 123,000 | 486,000 | 141,000 | 332,000 | 143,000 | 227,000 | 277,000 | 163,000 | 105,000 | 257,000 | 70,000 | 82,750 | 331,000 | 743,000 | 486,000 | 690,750 | 297,000 | 1,346,000 | 1,120,000 | 533,000 | 564,000 | 424,000 | 248,000 | 114,000 | 116,000 | 443,000 | 392,000 | 326,000 | 384,000 | 261,000 | 139,000 | 890,000 | 285,000 | 420,000 | 498,000 | 600,000 | 264,000 | 103,000 | 75,000 | 59,000 | 299,000 | 66,000 | 102,000 | -242,000 | 228,000 | 287,000 | 264,000 | 254,000 | 255,000 | |
total noninterest income | 5,094,000 | 6,786,000 | 5,418,000 | 6,669,000 | 6,265,000 | 7,023,000 | 7,233,000 | 7,063,000 | 6,780,000 | 16,602,000 | 5,759,000 | 6,773,000 | 5,481,000 | 1,430,750 | 5,723,000 | 5,709,000 | 5,334,000 | 4,914,750 | 5,454,000 | 6,111,000 | 8,094,000 | 5,161,000 | 6,417,000 | 4,885,000 | 4,867,000 | 4,778,000 | 6,687,000 | 4,958,000 | 4,738,000 | 4,469,000 | 4,809,000 | 4,371,000 | 4,073,000 | 5,472,000 | 4,645,000 | 5,793,000 | 5,051,000 | 5,437,000 | 4,640,000 | 4,771,000 | 4,057,000 | 4,082,000 | 5,095,000 | 4,710,000 | 4,230,000 | 9,213,000 | 3,868,000 | 3,197,000 | 2,579,000 | 3,040,000 | 2,297,000 | |
noninterest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation and employee benefits | 26,874,000 | 25,137,000 | 26,156,000 | 27,585,000 | 29,996,000 | 26,914,000 | 26,636,000 | 26,938,000 | 27,679,000 | |||||||||||||||||||||||||||||||||||||||||||
premises and equipment | 7,886,000 | 7,447,000 | 7,888,000 | 7,992,000 | 7,977,000 | 7,657,000 | 7,574,000 | 7,679,000 | 7,972,000 | |||||||||||||||||||||||||||||||||||||||||||
fdic insurance expense | 1,393,000 | 1,350,000 | 1,354,000 | 1,627,000 | 963,000 | 690,000 | 690,000 | 672,000 | 672,000 | 1,630,000 | 711,000 | 625,000 | 450,000 | 112,500 | 450,000 | 400,000 | 425,000 | 293,250 | 430,000 | 425,000 | 318,000 | 262,000 | 715,000 | 681,000 | 590,000 | 563,000 | 474,000 | 531,000 | 518,000 | 518,000 | 489,000 | 511,000 | 501,000 | 509,000 | 436,000 | 556,000 | 513,000 | 543,000 | 519,000 | 546,000 | 555,000 | 612,000 | 636,000 | 595,000 | 947,000 | |||||||
data processing expense | 1,781,000 | 1,744,000 | 1,932,000 | 2,025,000 | 1,862,000 | 1,258,000 | 1,419,000 | 1,891,000 | 1,670,000 | 4,199,000 | 1,255,000 | 1,211,000 | 1,436,000 | 331,750 | 1,327,000 | 976,000 | 466,000 | 374,000 | 441,000 | 502,000 | 553,000 | 394,000 | 518,000 | 459,000 | 520,000 | |||||||||||||||||||||||||||
merger-related expenses | 68,000 | 129,000 | 198,000 | 242,000 | 295,000 | 533,000 | 3,488,000 | |||||||||||||||||||||||||||||||||||||||||||||
other incomes | 6,647,000 | 5,472,250 | 6,840,000 | 7,537,000 | 7,512,000 | 5,818,250 | 8,004,000 | 7,888,000 | 7,381,000 | 763,250 | 3,053,000 | 2,752,000 | 2,129,000 | 661,250 | 2,645,000 | 2,783,000 | 2,530,000 | 1,928,000 | 2,535,000 | 2,677,000 | 2,500,000 | 3,099,000 | 2,293,000 | 2,616,000 | 2,146,000 | -233,000 | 3,080,000 | 3,366,000 | 2,746,000 | 2,626,000 | 2,945,000 | 2,870,000 | 2,967,000 | 3,630,000 | 2,976,000 | 2,732,000 | 2,306,000 | 2,270,000 | 2,547,000 | 2,353,000 | 2,132,000 | 2,311,000 | 2,641,000 | 2,160,000 | 2,141,000 | 4,257,000 | 2,281,000 | 2,389,000 | 1,939,000 | 1,789,000 | 1,753,000 | |
total noninterest expense | 44,649,000 | 42,993,000 | 44,368,000 | 47,008,000 | 48,605,000 | 45,370,000 | 47,811,000 | 45,068,000 | 49,959,000 | 106,854,000 | 33,903,000 | 32,097,000 | 31,462,000 | 8,496,000 | 33,984,000 | 27,574,000 | 27,137,000 | 19,671,250 | 24,849,000 | 25,366,000 | 28,470,000 | 24,772,000 | 26,006,000 | 23,715,000 | 25,424,000 | 22,142,000 | 23,832,000 | 21,195,000 | 20,042,000 | 20,178,000 | 19,685,000 | 19,530,000 | 19,742,000 | 20,714,000 | 20,407,000 | 19,393,000 | 18,227,000 | 17,960,000 | 16,968,000 | 16,470,000 | 16,275,000 | 16,353,000 | 18,040,000 | 16,732,000 | 17,026,000 | 45,788,000 | 9,651,000 | 388,000 | 8,967,000 | 8,396,000 | 8,457,000 | |
income before benefit from income taxes | 25,695,000 | 27,151,000 | 28,694,000 | 29,256,000 | 25,692,000 | 46,053,000 | 38,349,000 | 38,653,000 | 20,937,000 | 96,109,000 | 31,226,000 | 18,810,000 | 15,538,000 | 4,959,250 | 19,837,000 | 20,136,000 | 19,149,000 | 15,262,000 | 12,218,000 | 12,755,000 | 11,857,000 | 11,692,000 | 12,344,000 | 11,552,000 | 12,382,000 | 11,667,000 | 10,687,000 | 11,044,000 | 9,846,000 | 8,952,000 | 7,577,000 | 8,517,000 | 7,977,000 | 8,172,000 | 7,172,000 | 5,300,500 | 7,348,000 | 6,993,000 | 6,861,000 | 4,080,750 | 5,637,000 | 5,514,000 | 5,172,000 | -1,598,000 | 5,178,000 | |||||||
benefit from income taxes | 5,900,000 | 7,083,000 | 6,455,000 | 6,628,000 | 5,887,000 | 12,476,000 | 9,603,000 | 9,536,000 | 5,008,000 | 24,243,000 | 8,051,000 | 4,383,000 | 3,687,000 | 1,052,750 | 4,211,000 | 4,298,000 | 3,894,000 | 1,768,000 | 1,629,000 | 1,667,000 | ||||||||||||||||||||||||||||||||
net income | 19,795,000 | 20,068,000 | 22,239,000 | 22,628,000 | 19,805,000 | 33,577,000 | 28,746,000 | 29,117,000 | 15,929,000 | 71,866,000 | 23,175,000 | 14,427,000 | 11,851,000 | 55,046,000 | 15,626,000 | 15,838,000 | 15,255,000 | 13,175,000 | 13,723,000 | 13,370,000 | 12,312,000 | 11,953,000 | 11,327,000 | 10,130,000 | 8,108,000 | 8,464,000 | 7,825,000 | 7,862,000 | 8,330,000 | 7,939,000 | 8,246,000 | 7,781,000 | 7,163,000 | 7,341,000 | 6,617,000 | 5,903,000 | 5,108,000 | 5,829,000 | 5,489,000 | 5,453,000 | 4,971,000 | 5,116,000 | 5,106,000 | 4,858,000 | 4,771,000 | -16,507,000 | 3,822,000 | 3,746,000 | 3,543,000 | -711,000 | 3,511,000 | |
yoy | -0.05% | -40.23% | -22.64% | -22.29% | 24.33% | -53.28% | 24.04% | 101.82% | 34.41% | 30.56% | 48.31% | -8.91% | -22.31% | 317.81% | 13.87% | 18.46% | 23.90% | 10.22% | 21.15% | 31.98% | 51.85% | 41.22% | 44.75% | 28.85% | -2.67% | 6.61% | -5.11% | 1.04% | 16.29% | 8.15% | 24.62% | 31.81% | 40.23% | 25.94% | 20.55% | 8.25% | 2.76% | 13.94% | 7.50% | 12.25% | 4.19% | -130.93% | 27.11% | 27.36% | 2221.66% | 8.86% | ||||||
qoq | -1.36% | -9.76% | -1.72% | 14.25% | -41.02% | 16.81% | -1.27% | 82.79% | -77.84% | 210.10% | 60.64% | 21.74% | -78.47% | 252.27% | -1.34% | 3.82% | 15.79% | -3.99% | 2.64% | 8.59% | 3.00% | 5.53% | 11.82% | 24.94% | -4.21% | 8.17% | -0.47% | -5.62% | 4.93% | -3.72% | 5.98% | 8.63% | -2.42% | 10.94% | 12.10% | 15.56% | -12.37% | 6.19% | 0.66% | 9.70% | -2.83% | 0.20% | 5.10% | 1.82% | -531.89% | 2.03% | 5.73% | -598.31% | -120.25% | |||
per share of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings | 0.3 | 0.31 | 0.34 | 0.34 | 0.3 | 0.51 | 0.44 | 0.44 | 0.25 | 1.4 | 0.45 | 0.28 | 0.23 | 0.078 | 0.31 | 0.33 | 0.32 | 0.205 | 0.29 | 0.28 | 0.26 | 0.27 | 0.25 | 0.24 | 0.2 | 0.22 | 0.2 | 0.21 | 0.22 | 0.21 | 0.22 | 0.2 | 0.2 | 0.21 | 0.18 | 0.19 | 0.17 | 0.2 | 0.2 | 0.2 | 0.16 | 0.19 | 0.19 | 0.18 | 0.14 | |||||||
diluted earnings | 0.3 | 0.31 | 0.34 | 0.34 | 0.3 | 0.5 | 0.44 | 0.44 | 0.25 | 1.4 | 0.45 | 0.28 | 0.23 | 0.078 | 0.31 | 0.33 | 0.32 | 0.205 | 0.29 | 0.28 | 0.26 | 0.26 | 0.25 | 0.24 | 0.2 | 0.22 | 0.2 | 0.21 | 0.22 | 0.21 | 0.22 | 0.2 | 0.2 | 0.21 | 0.18 | 0.19 | 0.17 | 0.2 | 0.2 | 0.2 | 0.16 | 0.19 | 0.19 | 0.18 | 0.14 | |||||||
dividends paid | 0.145 | 0.109 | 0.145 | 0.145 | 0.145 | 0.106 | 0.145 | 0.145 | 0.135 | |||||||||||||||||||||||||||||||||||||||||||
benefit from credit losses | 2,775,500 | 1,262,000 | 1,947,000 | 7,893,000 | 2,818,500 | 1,358,000 | 3,644,000 | -660,500 | -2,642,000 | |||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from credit losses | 51,317,750 | 67,644,000 | 69,595,000 | 68,032,000 | 54,925,250 | 78,927,000 | 76,658,000 | 14,842,500 | 59,370,000 | |||||||||||||||||||||||||||||||||||||||||||
loss on equity securities | -70,250 | -294,000 | 11,000 | -464,000 | -485,000 | -36,000 | -144,000 | |||||||||||||||||||||||||||||||||||||||||||||
gains on investment securities transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||
merger related expenses | 4,585,000 | 318,000 | 2,860,000 | 1,697,000 | 685,000 | 1,721,000 | 822,000 | 330,000 | 7,000 | 744,000 | 1,452,000 | 631,000 | ||||||||||||||||||||||||||||||||||||||||
gains on sales of loans | 1,556,000 | 708,000 | 1,437,000 | 710,000 | 92,750 | 371,000 | 300,000 | 246,000 | 336,750 | 478,000 | 471,000 | 398,000 | 525,000 | 753,000 | 425,000 | 420,000 | 437,000 | 515,000 | 464,000 | |||||||||||||||||||||||||||||||||
gains on sales of investment securities | -15,000 | 2,539,000 | 92,500 | 370,000 | 126,500 | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||
salaries and employee benefits | 5,129,500 | 20,518,000 | 19,694,000 | 20,269,000 | 4,807,750 | 19,231,000 | 16,708,000 | 16,861,000 | 11,403,250 | 15,100,000 | 15,096,000 | 15,417,000 | 14,305,000 | 14,626,000 | 13,091,000 | 14,085,000 | 12,370,000 | 12,376,000 | 12,144,000 | 11,750,000 | 11,827,000 | 11,327,000 | 11,200,000 | 10,813,000 | 10,766,000 | 11,019,000 | 10,133,000 | 9,953,000 | 10,008,000 | 9,578,000 | 9,565,000 | 9,435,000 | 9,035,000 | 9,280,000 | 9,199,000 | 8,986,000 | 19,255,000 | 5,240,000 | 5,051,000 | 4,959,000 | 4,625,000 | 4,714,000 | ||||||||||
net occupancy expense | 754,750 | 3,019,000 | 2,692,000 | 2,488,000 | 738,500 | 2,954,000 | 2,603,000 | 2,738,000 | 1,917,500 | 2,327,000 | 2,507,000 | 2,836,000 | 2,534,000 | 2,372,000 | 2,341,000 | 2,688,000 | 2,068,000 | 2,067,000 | 2,273,000 | 2,548,000 | 2,190,000 | 2,017,000 | 2,041,000 | 2,617,000 | 2,153,000 | 2,060,000 | 1,887,000 | 1,974,000 | 1,958,000 | 1,807,000 | 1,636,000 | 1,688,000 | 1,680,000 | 1,692,000 | 1,602,000 | 1,911,000 | 3,949,000 | 912,000 | 851,000 | 925,000 | 838,000 | 864,000 | ||||||||||
furniture and equipment | 824,750 | 3,299,000 | 2,890,000 | 2,783,000 | 529,000 | 2,116,000 | 2,011,000 | 2,206,000 | 1,541,500 | 2,073,000 | 1,996,000 | 2,097,000 | 2,113,000 | 1,876,000 | 2,082,000 | 1,946,000 | 1,764,000 | 1,881,000 | 1,629,000 | 1,656,000 | 1,647,000 | 1,605,000 | 1,660,000 | 1,693,000 | 1,689,000 | 1,582,000 | 1,505,000 | 1,405,000 | 1,324,000 | 1,205,000 | 1,139,000 | 1,083,000 | 1,165,000 | 1,172,000 | 1,225,000 | 1,164,000 | 2,586,000 | 877,000 | 761,000 | 814,000 | 841,000 | 790,000 | ||||||||||
stationery, supplies and postage | 94,500 | 378,000 | 488,000 | 381,000 | 111,750 | 447,000 | 443,000 | 416,000 | 354,750 | 404,000 | 572,000 | 443,000 | 456,000 | 412,000 | 416,000 | 443,000 | 392,000 | 395,000 | 377,000 | 365,000 | 347,000 | 368,000 | 334,000 | 354,000 | 396,000 | 348,000 | 368,000 | 370,000 | 336,000 | 388,000 | 355,000 | 336,000 | 338,000 | 298,000 | 395,000 | 365,000 | 598,000 | 341,000 | 336,000 | 330,000 | 303,000 | 336,000 | ||||||||||
marketing expense | 79,500 | 318,000 | 381,000 | 232,000 | 117,250 | 469,000 | 456,000 | 361,000 | 337,750 | 442,000 | 508,000 | 401,000 | 549,000 | 429,000 | 385,000 | 309,000 | 534,000 | 396,000 | 416,000 | 240,000 | 534,000 | 629,000 | 476,000 | 386,000 | 650,000 | 715,000 | 435,000 | 288,000 | 388,000 | 718,000 | 458,000 | 470,000 | 563,000 | 612,000 | 619,000 | 615,000 | ||||||||||||||||
telecommunications expense | 130,500 | 522,000 | 501,000 | 454,000 | 123,250 | 493,000 | 462,000 | 421,000 | 289,000 | 380,000 | 372,000 | 404,000 | 342,000 | 479,000 | 386,000 | 424,000 | ||||||||||||||||||||||||||||||||||||
atm and debit card expense | 151,000 | 604,000 | 615,000 | 536,000 | 150,500 | 602,000 | 558,000 | 510,000 | 376,000 | 546,000 | 517,000 | 441,000 | 433,000 | 420,000 | 383,000 | 346,000 | ||||||||||||||||||||||||||||||||||||
core deposit intangible amortization | 56,500 | 226,000 | 250,000 | 261,000 | 76,000 | 304,000 | 153,000 | 157,000 | 122,250 | 104,000 | 190,000 | 195,000 | 202,000 | 201,000 | 164,000 | 167,000 | 99,000 | 98,000 | 107,000 | 111,000 | 111,000 | 111,000 | 119,000 | 123,000 | 124,000 | 123,000 | 41,000 | 46,000 | 266,000 | 265,000 | ||||||||||||||||||||||
other real estate and repossessed asset expense | -2,000 | 43,000 | 21,500 | 86,000 | 21,000 | 46,000 | 272,000 | |||||||||||||||||||||||||||||||||||||||||||||
long-term debt prepayment fee | 2,828,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
dividends | 0.031 | 0.125 | 0.125 | 0.125 | 0.029 | 0.115 | 0.115 | 0.1 | 0.074 | 0.1 | 0.1 | 0.095 | 0.069 | 0.095 | 0.095 | 0.085 | 0.061 | 0.085 | 0.085 | 0.075 | 0.055 | 0.075 | 0.07 | 0.075 | 0.053 | 0.07 | 0.07 | 0.07 | 0.045 | 0.06 | 0.06 | 0.06 | 0.045 | 0.06 | 0.06 | 0.06 | ||||||||||||||||
benefit from loan losses | 8,000,000 | 9,000,000 | 1,622,000 | 508,000 | 8,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from loan losses | 44,134,000 | 41,519,000 | 12,024,500 | 48,098,000 | 3,758,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loans, leases and fees | 47,659,000 | 45,544,000 | 31,863,250 | 44,302,000 | 42,740,000 | 40,411,000 | 40,090,000 | 39,766,000 | 35,800,000 | 34,121,000 | 30,065,000 | 29,123,000 | 28,211,000 | 27,896,000 | 28,182,000 | 27,949,000 | 27,558,000 | 26,898,000 | 27,207,000 | 27,350,000 | 25,365,000 | 24,407,000 | 24,854,000 | 24,929,000 | 25,272,000 | 25,458,000 | 25,801,000 | 25,999,000 | 26,120,000 | 26,665,000 | ||||||||||||||||||||||
benefit from loan and lease losses | 1,492,000 | 1,284,000 | 1,218,000 | 1,827,000 | 1,827,000 | 1,218,000 | 375,000 | 1,763,000 | 1,010,000 | 1,075,000 | 332,000 | 740,000 | 870,000 | 1,589,000 | 1,194,000 | 1,593,000 | 1,489,000 | 1,687,000 | 1,879,000 | 2,594,000 | 3,183,000 | 3,124,000 | 3,350,000 | 3,877,000 | 4,556,000 | 4,425,000 | 4,058,000 | 5,406,000 | 4,927,000 | 49,365,000 | 750,000 | 750,000 | 750,000 | |||||||||||||||||||
net interest income after benefit from loan and lease losses | 42,001,000 | 40,952,000 | 29,496,750 | 40,288,000 | 39,594,000 | 37,804,000 | 36,755,000 | 27,929,000 | 26,826,000 | 19,871,000 | 14,741,250 | 20,293,000 | 19,015,000 | 19,657,000 | 7,079,000 | 11,420,000 | 11,560,000 | |||||||||||||||||||||||||||||||||||
expenses (income) on other real estate owned and other repossessed assets | 27,000 | 67,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income before income tax expense | 14,740,250 | 20,893,000 | 20,339,000 | 17,729,000 | 11,161,500 | 17,166,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 4,889,000 | 7,170,000 | 6,969,000 | 5,417,000 | 3,770,250 | 5,839,000 | 5,132,000 | 4,110,000 | 2,969,000 | 4,032,000 | 3,830,000 | 4,014,000 | 2,886,500 | 4,136,000 | 3,886,000 | 3,524,000 | 2,186,750 | 3,229,000 | 3,049,000 | 2,469,000 | 1,852,000 | 2,488,000 | 2,719,000 | 2,201,000 | 1,616,750 | 2,242,000 | 2,135,000 | 2,090,000 | ||||||||||||||||||||||||
expenses on other real estate owned and other repossessed assets | 4,000 | 37,000 | 8,250 | -32,000 | 26,000 | 39,000 | 11,500 | 27,000 | 27,000 | -8,000 | 41,250 | 50,000 | 100,000 | 15,000 | 3,750 | -2,000 | -2,000 | 19,000 | 22,250 | 13,000 | 38,000 | 38,000 | 202,000 | 336,000 | 200,000 | |||||||||||||||||||||||||||
net interest income after | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on debt extinguishment | 1,197,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales and calls of investment securities | 47,500 | 173,000 | 17,000 | 500 | 2,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on debt redemption and extinguishment | 457,500 | 1,830,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
legal expense | 185,500 | 301,000 | 325,000 | 116,000 | 309,000 | 144,000 | 219,000 | 273,000 | 98,000 | 406,000 | 286,000 | 242,000 | 356,000 | 135,000 | 346,000 | 399,000 | 529,000 | 457,000 | 411,000 | 295,000 | ||||||||||||||||||||||||||||||||
long term debt prepayment penalty | 601,750 | 2,407,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
long term debt prepayment fee | 131,500 | 526,000 | 200,000 | 800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
dividends on preferred stock and accretion | 620,000 | 294,000 | 293,000 | 294,000 | 1,286,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders | 7,341,000 | 6,617,000 | 5,903,000 | 5,108,000 | 5,829,000 | 5,489,000 | 5,453,000 | 4,351,000 | 4,822,000 | 4,813,000 | 4,564,000 | 3,485,000 | ||||||||||||||||||||||||||||||||||||||||
gains on investment securities | 505,000 | 68,250 | 241,000 | 32,000 | 307,250 | 785,000 | 444,000 | |||||||||||||||||||||||||||||||||||||||||||||
gains on leasing related assets | 72,000 | 100,000 | 119,000 | 184,000 | 164,000 | 117,000 | 230,000 | 463,000 | ||||||||||||||||||||||||||||||||||||||||||||
collection expense | -15,000 | 58,000 | 34,000 | 139,000 | 148,000 | 70,000 | 60,000 | 65,000 | ||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||
taxable investment securities | 2,434,000 | 2,773,000 | 2,962,000 | 2,713,000 | 3,502,000 | 3,710,000 | 3,507,000 | 3,632,000 | 3,948,000 | 4,124,000 | ||||||||||||||||||||||||||||||||||||||||||
federal funds sold | 48,250 | 67,000 | 58,000 | 68,000 | 117,000 | 57,000 | ||||||||||||||||||||||||||||||||||||||||||||||
tax exempt investment securities | 536,000 | 774,000 | 712,000 | 658,000 | 585,000 | 566,000 | ||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | 40,000 | 50,000 | 47,000 | 63,000 | 76,000 | 70,000 | ||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 11,762,000 | 877,000 | 470,000 | 402,000 | 411,000 | 408,000 | ||||||||||||||||||||||||||||||||||||||||||||||
gains on the sales of securities | 421,500 | 934,000 | 487,000 | -11,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
benefit for income taxes | -12,989,000 | 1,815,000 | -887,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 185 | 250 | 260 | 250 | -50 | 260 | ||||||||||||||||||||||||||||||||||||||||||||||
diluted | 182.5 | 250 | 260 | 250 | -50 | 250 | ||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loan and lease losses | 11,705,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated statements of comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income net of tax: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized securities gains arising during period | 1,296,000 | 1,433,000 | 3,305,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification for gains included in net income | 333,000 | 558,000 | -7,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other: comprehensive income | 963,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income | 4,709,000 | 164,000 | 6,823,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sales of securities | 265,000 | 812,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of leases | 42,000 | 45,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | 875,000 | 3,312,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from possible loan losses | 750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from possible loan losses | 11,338,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2022-09-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2019-12-31 | 2019-03-31 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-03-31 | 2015-12-31 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2013-12-31 | 2013-09-30 | 2013-03-31 | 2012-12-31 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-12-31 | 2002-09-30 | 2002-06-30 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 203,186,000 | 293,366,000 | 327,616,000 | 194,256,000 | 234,571,000 | 384,490,000 | 641,861,000 | 358,052,000 | 189,506,000 | 314,591,000 | 205,322,000 | 139,438,000 | 123,437,000 | 178,905,000 | 169,109,000 | 141,757,000 | 169,149,000 | 182,356,000 | 188,414,000 | 113,894,000 | 118,207,000 | 112,929,000 | 122,989,000 | 125,991,000 | 94,205,000 | 130,035,000 | 88,744,000 | 100,926,000 | 61,843,000 | 79,877,000 | 44,424,000 | 42,423,000 | 26,063,000 | 42,547,000 | 51,543,000 | 92,195,000 | 31,869,000 | 37,180,000 | 35,786,000 | 34,511,000 | 35,238,000 | 43,443,000 | 50,091,000 | 46,309,000 | 46,837,000 | 40,313,000 | 44,968,000 | 33,359,000 | 47,888,000 | 38,840,000 | 48,578,000 | 51,749,000 | 42,639,000 | 47,362,000 | 51,972,000 | 48,594,000 | 47,981,000 | 50,448,000 | 42,326,000 | 45,499,000 | 42,760,000 | 32,775,000 | |||||||
interest-bearing deposits due from banks | 4,433,000 | 27,289,000 | 26,209,000 | 25,286,000 | 11,192,000 | 37,179,000 | 20,774,000 | 17,348,000 | 12,612,000 | 31,337,000 | 21,037,000 | 3,374,000 | 9,598,000 | 24,012,000 | 16,573,000 | 8,649,000 | 6,652,000 | 12,995,000 | 25,205,000 | 4,599,000 | 19,359,000 | 20,276,000 | 4,177,000 | 12,974,000 | 8,516,000 | 15,219,000 | 8,322,000 | 6,619,000 | 14,875,000 | 6,944,000 | 20,834,000 | 29,242,000 | 23,215,000 | 26,794,000 | 14,538,000 | 10,351,000 | 32,076,000 | 10,176,000 | 27,818,000 | 6,611,000 | 7,365,000 | 9,618,000 | 3,324,000 | 2,690,000 | |||||||||||||||||||||||||
total cash and cash equivalents | 207,619,000 | 320,655,000 | 353,825,000 | 219,542,000 | 245,763,000 | 421,669,000 | 662,635,000 | 375,400,000 | 202,118,000 | 345,928,000 | 226,359,000 | 142,812,000 | 133,035,000 | 202,917,000 | 185,682,000 | 150,406,000 | 175,801,000 | 195,351,000 | 213,619,000 | 118,493,000 | 137,566,000 | 133,205,000 | 127,166,000 | 138,965,000 | 102,721,000 | 145,254,000 | 97,066,000 | 107,545,000 | 76,718,000 | 86,821,000 | 65,258,000 | 71,665,000 | 49,278,000 | 96,595,000 | 52,959,000 | 100,685,000 | 58,663,000 | 45,016,000 | 42,743,000 | 50,902,000 | 49,776,000 | 58,740,000 | 61,325,000 | 71,909,000 | 57,188,000 | 96,967,000 | 48,674,000 | 55,322,000 | 79,964,000 | 57,889,000 | 56,515,000 | 54,384,000 | 52,815,000 | 72,053,000 | 79,790,000 | 55,205,000 | 55,346,000 | 87,829,000 | 76,679,000 | 55,117,000 | 46,084,000 | 69,649,000 | 72,707,000 | 73,238,000 | 35,465,000 | 64,380,000 | 50,252,000 | ||
investment securities available for sale, at fair value | 914,029,000 | 942,510,000 | 988,973,000 | 1,074,013,000 | 1,170,938,000 | 529,381,000 | 988,673,000 | 968,394,000 | 783,331,000 | 659,238,000 | 606,231,000 | 623,242,000 | 647,292,000 | 673,164,000 | 687,352,000 | 480,392,000 | 441,147,000 | 461,686,000 | 473,452,000 | 444,292,000 | 415,643,000 | 418,562,000 | 370,234,000 | 416,984,000 | 437,597,000 | 439,968,000 | 235,562,000 | ||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity | 827,107,000 | 847,699,000 | 879,106,000 | 934,947,000 | 940,786,000 | 693,562,000 | 94,278,000 | 84,994,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, at fair value | 17,646,000 | 17,697,000 | 17,207,000 | 17,429,000 | 17,180,000 | 16,915,000 | 16,422,000 | 15,440,000 | 14,590,000 | 14,076,000 | 15,232,000 | 16,798,000 | 18,397,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank and other membership bank stock, at cost | 52,205,000 | 53,580,000 | 53,103,000 | 21,046,000 | 10,415,000 | 9,340,000 | 9,210,000 | 10,772,000 | 14,235,000 | 16,951,000 | 16,235,000 | 11,888,000 | 12,783,000 | 18,899,000 | 12,072,000 | 16,575,000 | 16,193,000 | 12,779,000 | 10,755,000 | 8,831,000 | 9,811,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale | 564,000 | 664,000 | 1,251,000 | 563,000 | 890,000 | 1,906,000 | 851,000 | 816,000 | 1,230,000 | 4,197,000 | 600,000 | 1,692,000 | 2,221,000 | 877,000 | 767,000 | 1,742,000 | 3,690,000 | 1,150,000 | 1,233,000 | 3,348,000 | 1,598,000 | 1,519,000 | 399,000 | 1,206,000 | 901,000 | ||||||||||||||||||||||||||||||||||||||||||||
loans, net of deferred fees | 8,320,424,000 | 8,343,861,000 | 8,294,057,000 | 8,101,287,000 | 7,568,826,000 | 7,137,793,000 | 5,880,802,000 | 5,988,832,000 | 6,108,946,000 | 5,843,591,000 | 3,870,598,000 | 2,034,831,000 | 1,886,535,000 | 1,591,644,000 | 1,312,767,000 | 1,263,530,000 | 1,216,395,000 | 1,184,864,000 | 1,176,005,000 | 1,151,406,000 | 890,860,000 | 860,675,000 | 851,536,000 | 719,658,000 | |||||||||||||||||||||||||||||||||||||||||||||
less: allowance for credit losses | 76,823,000 | 77,163,000 | 75,159,000 | 73,965,000 | 68,879,000 | 67,112,000 | 57,953,000 | 60,389,000 | 67,252,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total loans | 8,243,601,000 | 8,266,698,000 | 8,218,898,000 | 8,027,322,000 | 7,499,947,000 | 7,070,681,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premises and equipment | 51,783,000 | 52,846,000 | 53,993,000 | 55,114,000 | 54,670,000 | 58,591,000 | 46,163,000 | 47,641,000 | 48,539,000 | 47,810,000 | 51,703,000 | 50,409,000 | 50,360,000 | 49,699,000 | 50,411,000 | 51,286,000 | 52,236,000 | 52,384,000 | 49,929,000 | 35,881,000 | 35,524,000 | 35,626,000 | 36,049,000 | 36,202,000 | 37,148,000 | 37,351,000 | 32,722,000 | 33,280,000 | 32,020,000 | 29,108,000 | 27,311,000 | 27,402,000 | 27,554,000 | 27,792,000 | 28,082,000 | 28,794,000 | 29,196,000 | 29,815,000 | 29,758,000 | 29,801,000 | 29,479,000 | 29,353,000 | 29,273,000 | 29,701,000 | 30,093,000 | 30,803,000 | 31,441,000 | 31,407,000 | 32,072,000 | 32,424,000 | 32,459,000 | 31,953,000 | 32,428,000 | 31,853,000 | 31,626,000 | 31,376,000 | 31,749,000 | 32,075,000 | 27,633,000 | 27,304,000 | 27,510,000 | 28,062,000 | 25,014,000 | 24,867,000 | 25,167,000 | 25,441,000 | 25,528,000 | ||
operating lease right-of-use assets | 15,009,000 | 16,008,000 | 17,475,000 | 18,478,000 | 25,854,000 | 27,281,000 | 14,809,000 | 15,513,000 | 16,199,000 | 17,028,000 | 19,239,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest receivable | 37,968,000 | 37,508,000 | 36,612,000 | 34,232,000 | 29,542,000 | 24,999,000 | 18,182,000 | 18,309,000 | 19,840,000 | 21,480,000 | 17,515,000 | 14,612,000 | 14,675,000 | 13,592,000 | 13,192,000 | 13,345,000 | 12,557,000 | 11,551,000 | 10,658,000 | 9,208,000 | 8,911,000 | 8,860,000 | 8,512,000 | 8,353,000 | 8,603,000 | 8,173,000 | 7,743,000 | 7,643,000 | 7,771,000 | 8,503,000 | 8,128,000 | 8,094,000 | 8,849,000 | 8,787,000 | 8,874,000 | 9,182,000 | 8,943,000 | 9,444,000 | 8,780,000 | 8,533,000 | 8,598,000 | 8,139,000 | 7,889,000 | 8,304,000 | 8,579,000 | 8,532,000 | 8,164,000 | 8,293,000 | 8,509,000 | 8,580,000 | 8,542,000 | 8,563,000 | 8,851,000 | 8,504,000 | 7,525,000 | 8,203,000 | 8,002,000 | 7,939,000 | 6,329,000 | 6,528,000 | 6,391,000 | 6,343,000 | 5,272,000 | 5,467,000 | 5,495,000 | 5,312,000 | 5,318,000 | ||
goodwill | 271,829,000 | 271,829,000 | 271,829,000 | 271,829,000 | 271,829,000 | 271,829,000 | 156,277,000 | 156,277,000 | 156,277,000 | 156,277,000 | 154,153,000 | 136,433,000 | 136,433,000 | 136,433,000 | 136,433,000 | 135,747,000 | 135,747,000 | 136,392,000 | 125,443,000 | 109,974,000 | 109,974,000 | 109,974,000 | 109,974,000 | 109,974,000 | 109,974,000 | 110,381,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | 87,111,000 | ||||||||||||||||||||
other intangible assets | 6,623,000 | 7,559,000 | 8,060,000 | 9,669,000 | 10,842,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank owned life insurance | 160,587,000 | 159,862,000 | 159,009,000 | 158,193,000 | 156,273,000 | 155,700,000 | 117,073,000 | 116,398,000 | 115,756,000 | 114,418,000 | 110,430,000 | 108,952,000 | 108,224,000 | 106,831,000 | 89,339,000 | 72,823,000 | 72,384,000 | 71,930,000 | 65,769,000 | 65,361,000 | 61,869,000 | 61,481,000 | 57,058,000 | 56,693,000 | 55,968,000 | 55,534,000 | 46,456,000 | 46,143,000 | 45,438,000 | 45,099,000 | 44,354,000 | 43,998,000 | 43,284,000 | 42,867,000 | 42,491,000 | 42,106,000 | 41,720,000 | 41,211,000 | 39,583,000 | 39,548,000 | 39,217,000 | 39,066,000 | 38,740,000 | 38,416,000 | 38,112,000 | 37,763,000 | 37,423,000 | 37,089,000 | 36,774,000 | 36,399,000 | 36,077,000 | 35,787,000 | 35,479,000 | 35,141,000 | 34,836,000 | 34,525,000 | 34,240,000 | 33,900,000 | 28,105,000 | 27,854,000 | 27,575,000 | ||||||||
other assets | 158,314,000 | 152,566,000 | 195,362,000 | 166,022,000 | 173,976,000 | 92,681,000 | 82,304,000 | 84,999,000 | 88,295,000 | 123,624,000 | 9,304,000 | 45,731,000 | 38,495,000 | 38,918,000 | 34,918,000 | 35,183,000 | 32,895,000 | 30,550,000 | 31,394,000 | 25,819,000 | 20,353,000 | 18,252,000 | 15,894,000 | 16,806,000 | 17,175,000 | 19,764,000 | 20,002,000 | 23,272,000 | 23,052,000 | 27,471,000 | 28,178,000 | 29,836,000 | 31,379,000 | 35,054,000 | 37,237,000 | 38,016,000 | 44,044,000 | 47,872,000 | 34,918,000 | 36,783,000 | 24,294,000 | 23,677,000 | 19,052,000 | 16,139,000 | 13,732,000 | 14,472,000 | 13,242,000 | 13,445,000 | 12,735,000 | 12,664,000 | 12,282,000 | 14,987,000 | 14,063,000 | 12,999,000 | 13,874,000 | 13,244,000 | 15,781,000 | 13,170,000 | 13,550,000 | 15,718,000 | 13,948,000 | 15,073,000 | 39,814,000 | 39,238,000 | 30,463,000 | 31,417,000 | 28,643,000 | 27,677,000 | |
total assets | 10,964,884,000 | 11,138,567,000 | 11,176,809,000 | 10,897,966,000 | 10,515,599,000 | 10,275,233,000 | 8,172,479,000 | 7,854,238,000 | 7,771,761,000 | 7,522,184,000 | 6,365,063,000 | 5,534,488,000 | 5,477,829,000 | 5,399,481,000 | 5,362,187,000 | 5,247,815,000 | 5,093,131,000 | 4,904,291,000 | 4,404,233,000 | 3,869,550,000 | 3,699,127,000 | 3,627,764,000 | 3,498,905,000 | 3,479,548,000 | 3,317,791,000 | 3,299,300,000 | 2,907,969,000 | 2,918,703,000 | 2,853,202,000 | 2,852,347,000 | 2,741,768,000 | 2,741,335,000 | 2,792,674,000 | 2,769,471,000 | 2,738,557,000 | 2,767,976,000 | 2,723,968,000 | 2,769,463,000 | 2,716,118,000 | 2,676,044,000 | 2,642,625,000 | 2,580,728,000 | 2,572,043,000 | 2,555,427,000 | 2,513,771,000 | 2,445,716,000 | 2,339,256,000 | 2,283,907,000 | 2,263,573,000 | 2,257,689,000 | 2,242,660,000 | 2,162,593,000 | 2,206,033,000 | 2,190,938,000 | 2,099,244,000 | 2,113,621,000 | 2,141,021,000 | 2,047,922,000 | 1,642,436,000 | 1,593,549,000 | 1,585,290,000 | 1,530,005,000 | 1,331,593,000 | 1,261,744,000 | 1,207,105,000 | 1,183,961,000 | 1,126,304,000 | ||
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits | 8,500,438,000 | 8,581,238,000 | 8,602,503,000 | 8,444,681,000 | 8,677,799,000 | 8,748,909,000 | 6,930,912,000 | 6,715,035,000 | 6,635,226,000 | 409,638,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds purchased and securities sold under agreements to repurchase | 602,956,000 | 714,152,000 | 728,769,000 | 938,718,000 | 357,787,000 | 102,911,000 | 111,907,000 | 100,190,000 | 111,999,000 | 97,874,000 | 261,266,000 | 197,870,000 | 126,485,000 | 133,960,000 | 118,487,000 | 84,850,000 | 56,354,000 | 29,699,000 | 128,841,000 | 151,234,000 | 146,249,000 | 117,351,000 | 112,796,000 | 156,511,000 | 81,991,000 | 110,525,000 | 94,315,000 | 117,289,000 | 92,958,000 | 96,453,000 | 53,175,000 | 90,251,000 | 52,123,000 | 68,448,000 | 54,176,000 | 57,326,000 | 63,672,000 | 62,001,000 | 47,997,000 | 45,194,000 | 62,363,000 | 53,049,000 | 87,879,000 | 96,439,000 | 49,294,000 | 54,151,000 | 65,304,000 | 58,865,000 | 41,061,000 | 50,463,000 | 130,378,000 | 80,436,000 | 103,199,000 | 80,827,000 | 103,083,000 | 81,885,000 | 110,830,000 | 43,402,000 | 32,286,000 | 51,423,000 | 17,380,000 | 13,328,000 | 19,974,000 | ||||||
federal home loan bank of new york term borrowings | 325,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated debentures | 194,814,000 | 194,705,000 | 194,596,000 | 194,486,000 | 194,148,000 | 193,904,000 | 187,107,000 | 113,045,000 | 118,267,000 | 118,248,000 | 118,193,000 | 104,963,000 | 104,932,000 | 104,872,000 | 104,842,000 | 104,813,000 | 104,784,000 | 104,796,000 | 31,238,000 | 31,238,000 | 41,238,000 | 41,238,000 | 41,238,000 | 41,238,000 | 41,238,000 | 42,548,000 | 51,548,000 | 51,548,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 77,322,000 | 56,703,000 | 56,703,000 | 56,703,000 | 56,703,000 | 56,703,000 | 56,703,000 | 56,703,000 | 56,703,000 | 56,703,000 | 56,703,000 | 56,703,000 | 56,703,000 | 56,703,000 | 30,000,000 | ||||||||
operating lease liabilities | 15,820,000 | 16,891,000 | 18,618,000 | 19,710,000 | 27,224,000 | 28,694,000 | 16,105,000 | 16,847,000 | 17,574,000 | 18,471,000 | 20,823,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 146,426,000 | 137,212,000 | 171,696,000 | 143,669,000 | 151,235,000 | 86,533,000 | 87,320,000 | 87,445,000 | 95,630,000 | 132,392,000 | 2,490,000 | 43,071,000 | 37,396,000 | 32,825,000 | 30,033,000 | 31,858,000 | 33,692,000 | 28,248,000 | 35,457,000 | 24,612,000 | 19,085,000 | 15,099,000 | 15,798,000 | 15,701,000 | 13,116,000 | 14,933,000 | 15,248,000 | 14,554,000 | 13,002,000 | 13,581,000 | 13,489,000 | 13,808,000 | 10,811,000 | 11,631,000 | 12,304,000 | 13,152,000 | 11,968,000 | 11,901,000 | 15,989,000 | 25,111,000 | 27,980,000 | 14,966,000 | 13,146,000 | 13,106,000 | 16,496,000 | 16,396,000 | 13,631,000 | 14,181,000 | 13,779,000 | 13,972,000 | 11,761,000 | 10,656,000 | 12,051,000 | 11,129,000 | 12,513,000 | 10,566,000 | 11,206,000 | 9,848,000 | 9,409,000 | 5,862,000 | 8,723,000 | 7,734,000 | 6,405,000 | 7,400,000 | 6,856,000 | 6,272,000 | 5,404,000 | 4,756,000 | |
total liabilities | 9,785,454,000 | 9,969,198,000 | 10,041,182,000 | 9,766,264,000 | 9,433,193,000 | 9,185,951,000 | 7,358,351,000 | 7,057,562,000 | 7,003,696,000 | 6,768,612,000 | 5,683,720,000 | 4,936,624,000 | 4,889,181,000 | 4,822,400,000 | 4,794,642,000 | 4,690,173,000 | 4,543,087,000 | 4,405,569,000 | 3,957,358,000 | 3,469,034,000 | 3,308,267,000 | 3,239,680,000 | 3,126,366,000 | 3,111,715,000 | 2,966,367,000 | 2,951,775,000 | 2,624,092,000 | 2,637,836,000 | 2,606,261,000 | 2,610,392,000 | 2,486,870,000 | 2,490,767,000 | 2,531,965,000 | 2,508,746,000 | 2,460,695,000 | 2,495,292,000 | 2,455,982,000 | 2,500,363,000 | 2,450,375,000 | 2,396,567,000 | 2,421,684,000 | 2,361,061,000 | 2,355,536,000 | 2,340,379,000 | 2,302,172,000 | 2,237,270,000 | 2,135,151,000 | 2,080,601,000 | 2,064,073,000 | 2,060,998,000 | 2,053,069,000 | 1,973,563,000 | 2,014,252,000 | 2,000,666,000 | 1,905,388,000 | 1,922,646,000 | 1,946,473,000 | 1,853,435,000 | 1,532,117,000 | 1,475,857,000 | 1,474,339,000 | 1,420,376,000 | 1,235,904,000 | 1,169,275,000 | 1,116,338,000 | 1,094,144,000 | 1,034,542,000 | ||
stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 859,712,000 | 858,857,000 | 857,707,000 | 856,807,000 | 854,336,000 | 852,110,000 | 564,974,000 | 563,980,000 | 562,984,000 | 561,817,000 | 558,245,000 | 513,756,000 | 513,232,000 | 512,383,000 | 511,967,000 | 511,575,000 | 510,861,000 | 461,460,000 | 424,101,000 | 386,287,000 | 385,565,000 | 385,219,000 | 383,819,000 | 383,362,000 | 364,637,000 | 362,549,000 | 302,660,000 | 303,794,000 | 278,593,000 | 278,509,000 | 270,068,000 | 270,050,000 | 271,595,000 | 258,497,000 | 258,567,000 | 258,510,000 | 259,521,000 | 259,787,000 | 259,808,000 | 259,942,000 | 257,051,000 | 257,270,000 | 257,307,000 | 258,068,000 | 258,037,000 | 258,260,000 | 241,768,000 | 241,797,000 | 242,661,000 | 242,619,000 | 242,672,000 | 226,278,000 | 226,322,000 | 226,186,000 | 226,188,000 | 208,724,000 | 208,933,000 | 207,537,000 | 131,093,000 | 131,116,000 | 131,162,000 | 101,525,000 | 88,178,000 | 88,194,000 | |||||
retained earnings | 386,319,000 | 376,044,000 | 365,498,000 | 352,779,000 | 305,303,000 | 266,460,000 | 244,092,000 | 228,803,000 | 208,224,000 | 182,329,000 | 126,787,000 | 95,586,000 | 85,257,000 | 63,917,000 | 54,969,000 | 46,375,000 | 38,590,000 | 30,903,000 | 17,662,000 | 13,079,000 | 3,281,000 | -7,245,000 | 1,353,000 | 3,357,000 | |||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost, 131,035 shares at march 31, 2024 and december 31, 2023 | -1,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -65,149,000 | -64,080,000 | -86,126,000 | -76,432,000 | -3,689,000 | -13,000 | -1,673,000 | -657,000 | -2,368,000 | -4,550,000 | -3,569,000 | -1,115,000 | -1,833,000 | -3,736,000 | -5,161,000 | -2,572,000 | -3,070,000 | -7,869,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 1,179,430,000 | 1,135,627,000 | 1,131,702,000 | 1,082,406,000 | 1,089,282,000 | 814,128,000 | 796,676,000 | 768,065,000 | 189,591,000 | 110,319,000 | 95,689,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 10,964,884,000 | 11,176,809,000 | 10,897,966,000 | 10,515,599,000 | 10,275,233,000 | 8,172,479,000 | 7,854,238,000 | 7,771,761,000 | 2,242,660,000 | 1,642,436,000 | 1,331,593,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, available for sale, at estimated fair value | 946,282,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, held to maturity | 836,377,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank and other membership stock, at cost | 52,517,000 | 15,099,000 | 14,087,000 | 7,938,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other identifiable intangible assets | 7,058,000 | 2,631,000 | 2,841,000 | 3,063,000 | 3,538,000 | 5,192,000 | 2,052,000 | 2,205,000 | 2,526,000 | 2,631,000 | 3,149,000 | 3,344,000 | 3,545,000 | 2,891,000 | 1,545,000 | 1,742,000 | 1,849,000 | 2,071,000 | 2,182,000 | 2,424,000 | 2,548,000 | 47,000 | 578,000 | 843,000 | 1,109,000 | 1,374,000 | 1,640,000 | 1,905,000 | 2,170,000 | 2,436,000 | 2,701,000 | 2,967,000 | 3,232,000 | 3,497,000 | 3,763,000 | 4,050,000 | 4,348,000 | 4,646,000 | 4,942,000 | ||||||||||||||||||||||||||||||
fhlb term borrowings | 325,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost, 131,035 shares at december 31, 2023 and december 31, 2022 | -1,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 1,169,369,000 | 753,572,000 | 681,343,000 | 597,864,000 | 588,648,000 | 577,081,000 | 567,545,000 | 557,642,000 | 550,044,000 | 498,722,000 | 446,875,000 | 400,516,000 | 390,860,000 | 388,084,000 | 372,539,000 | 367,833,000 | 351,424,000 | 347,525,000 | 283,877,000 | 280,867,000 | 246,941,000 | 241,955,000 | 254,898,000 | 250,568,000 | 260,709,000 | 260,725,000 | 277,862,000 | 272,684,000 | 267,986,000 | 269,100,000 | 265,743,000 | 279,477,000 | 220,941,000 | 219,667,000 | 216,507,000 | 215,048,000 | 211,599,000 | 208,446,000 | 204,105,000 | 203,306,000 | 199,500,000 | 196,691,000 | 189,030,000 | 191,781,000 | 190,272,000 | 193,856,000 | 190,975,000 | 194,548,000 | 194,487,000 | 117,692,000 | 110,951,000 | 109,629,000 | 92,469,000 | 90,767,000 | 89,817,000 | 91,762,000 | |||||||||||||
total liabilities and stockholders’ equity | 11,138,567,000 | 7,522,184,000 | 6,365,063,000 | 5,534,488,000 | 5,477,829,000 | 5,399,481,000 | 5,362,187,000 | 5,247,815,000 | 5,093,131,000 | 4,904,291,000 | 4,404,233,000 | 3,869,550,000 | 3,699,127,000 | 3,627,764,000 | 3,498,905,000 | 3,479,548,000 | 3,317,791,000 | 3,299,300,000 | 2,907,969,000 | 2,918,703,000 | 2,853,202,000 | 2,852,347,000 | 2,741,768,000 | 2,741,335,000 | 2,792,674,000 | 2,769,471,000 | 2,738,557,000 | 2,767,976,000 | 2,723,968,000 | 2,769,463,000 | 2,716,118,000 | 2,676,044,000 | 2,642,625,000 | 2,580,728,000 | 2,572,043,000 | 2,555,427,000 | 2,513,771,000 | 2,445,716,000 | 2,339,256,000 | 2,283,907,000 | 2,263,573,000 | 2,257,689,000 | 2,162,593,000 | 2,206,033,000 | 2,190,938,000 | 2,099,244,000 | 2,113,621,000 | 2,141,021,000 | 2,047,922,000 | 1,593,549,000 | 1,585,290,000 | 1,530,005,000 | 1,261,744,000 | 1,207,105,000 | 1,183,961,000 | 1,126,304,000 | |||||||||||||
long-term federal home loan bank of new york advances | 325,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost, 131,035 shares at september 30, 2023 and december 31, 2022 | -1,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other borrowings | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 135,111,000 | 40,957,000 | 175,783,000 | 196,376,000 | 176,974,000 | 196,539,000 | 312,251,000 | 173,425,000 | 260,866,000 | 293,875,000 | 310,031,000 | 271,905,000 | 262,728,000 | 222,728,000 | 179,700,000 | 174,000,000 | 119,000,000 | 75,000,000 | 75,000,000 | 85,000,000 | 145,000,000 | 135,000,000 | 110,000,000 | 130,000,000 | 195,000,000 | ||||||||||||||||||||||||||||||||||||||
treasury shares, at cost, 131,035 shares at june 30, 2023 and december 31, 2022 | -1,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost, 131,035 shares at september 30, 2022 and december 31, 2021 | -1,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -75,781,000 | -27,836,000 | 6,514,000 | 5,345,000 | -1,691,000 | 10,878,000 | -11,478,000 | -9,841,000 | 781,000 | 609,000 | -308,000 | 593,000 | 6,359,000 | 5,112,000 | 1,150,000 | 2,014,000 | 4,203,000 | 1,118,000 | 3,363,000 | 3,658,000 | 2,986,000 | 2,000,000 | 2,631,000 | 668,000 | 942,000 | -4,851,000 | -4,412,000 | -1,170,000 | -4,525,000 | 340,000 | 953,000 | 4,748,000 | 98,000 | 1,276,000 | 5,560,000 | 4,597,000 | 4,420,000 | 4,978,000 | 4,103,000 | ||||||||||||||||||||||||||||||
treasury shares, at cost, 131,035 shares at march 31, 2022 and december 31, 2021 | -1,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loans | 5,822,849,000 | 5,928,443,000 | 6,041,694,000 | 5,778,349,000 | 4,883,412,000 | 4,240,935,000 | 4,188,325,000 | 4,055,248,000 | 4,017,908,000 | 3,939,564,000 | 3,839,353,000 | 3,759,963,000 | 3,335,819,000 | 2,934,326,000 | 2,724,343,000 | 2,659,291,000 | 2,581,718,000 | 2,578,671,000 | 2,439,195,000 | 2,397,927,000 | 2,141,120,000 | 2,117,912,000 | 2,060,241,000 | 2,044,766,000 | 1,964,751,000 | 1,956,597,000 | 1,987,286,000 | 1,959,633,000 | 1,967,761,000 | 1,981,280,000 | 1,991,472,000 | 1,943,883,000 | 1,959,674,000 | 2,005,937,000 | 2,009,778,000 | 1,995,556,000 | 1,967,367,000 | 1,923,012,000 | 1,871,846,000 | 1,772,548,000 | 1,701,067,000 | 1,641,924,000 | 1,578,190,000 | 1,489,749,000 | 1,412,951,000 | 1,327,165,000 | 1,299,594,000 | 1,249,819,000 | 1,199,853,000 | 1,168,393,000 | 1,159,367,000 | 1,132,623,000 | 873,531,000 | 843,477,000 | 834,637,000 | 801,990,000 | 718,236,000 | 707,883,000 | 701,718,000 | 683,083,000 | 667,303,000 | ||||||||
treasury shares, at cost, 131,035 shares at september 30, 2021 and december 31, 2020 | -1,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost, 131,035 shares at june 30, 2021 and december 31, 2020 | -1,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost, 131,035 shares at march 31, 2021 and december 31, 2020 | -1,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 101,205 at september 30, 2020 and 124,904 at december 31, 2019 | 97,893,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: allowance for loan losses | 65,242,000 | 37,979,000 | 17,805,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noninterest-bearing | 1,474,847,000 | 1,071,890,000 | 967,911,000 | 974,641,000 | 955,444,000 | 978,668,000 | 924,581,000 | 927,270,000 | 931,385,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
savings and interest-bearing transaction accounts | 3,647,328,000 | 3,046,322,000 | 2,625,325,000 | 2,682,726,000 | 2,681,512,000 | 2,682,291,000 | 2,809,705,000 | 2,620,657,000 | 2,471,097,000 | 2,204,356,000 | 1,958,510,000 | 1,822,295,000 | 1,878,598,000 | 1,820,657,000 | 1,797,358,000 | 1,812,467,000 | 1,770,299,000 | 1,566,421,000 | 1,569,139,000 | 1,476,127,000 | 1,473,051,000 | 1,411,058,000 | 1,370,190,000 | 1,399,163,000 | 1,413,063,000 | 1,352,373,000 | 1,373,972,000 | 1,368,272,000 | 1,263,139,000 | 1,122,923,000 | 1,104,791,000 | 1,142,609,000 | 1,115,841,000 | 1,094,147,000 | 1,091,205,000 | 1,084,398,000 | 1,053,958,000 | 1,047,400,000 | 1,054,190,000 | 1,035,876,000 | 1,027,303,000 | 1,023,081,000 | 1,038,038,000 | 1,060,857,000 | 986,384,000 | 1,046,605,000 | 1,041,621,000 | 1,027,085,000 | 867,049,000 | 807,683,000 | 795,485,000 | 593,637,000 | |||||||||||||||||
time deposits 250 thousand and under | 961,402,000 | 753,126,000 | 611,777,000 | 567,248,000 | 549,893,000 | 408,228,000 | 414,123,000 | 408,904,000 | 348,825,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
time deposits over 250 thousand | 182,939,000 | 193,246,000 | 195,006,000 | 223,350,000 | 170,147,000 | 158,017,000 | 144,984,000 | 140,228,000 | 130,356,000 | 134,968,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total deposits | 6,266,516,000 | 5,064,584,000 | 4,400,019,000 | 4,447,965,000 | 4,356,996,000 | 4,227,204,000 | 4,293,393,000 | 4,092,835,000 | 3,941,742,000 | 3,462,636,000 | 2,995,572,000 | 2,842,953,000 | 2,842,565,000 | 2,776,931,000 | 2,726,850,000 | 2,709,205,000 | 2,708,454,000 | 2,388,675,000 | 2,370,997,000 | 2,277,400,000 | 2,288,128,000 | 2,232,565,000 | 2,182,383,000 | 2,195,889,000 | 2,234,772,000 | 2,170,145,000 | 2,202,776,000 | 2,157,187,000 | 2,144,151,000 | 2,089,045,000 | 2,035,171,000 | 2,056,133,000 | 1,951,541,000 | 1,956,212,000 | 1,938,772,000 | 1,987,405,000 | 1,971,311,000 | 1,877,489,000 | 1,869,949,000 | 1,860,627,000 | 1,850,220,000 | 1,793,621,000 | 1,762,215,000 | 1,798,160,000 | 1,805,564,000 | 1,689,980,000 | 1,737,349,000 | 1,726,804,000 | 1,701,661,000 | 1,416,758,000 | 1,343,645,000 | 1,325,682,000 | 1,332,091,000 | 1,147,965,000 | 1,118,091,000 | 1,059,092,000 | 1,038,733,000 | 978,020,000 | |||||||||||
treasury shares, at cost, 131,035 shares at september 30, 2020 and no shares at december 31, 2019 | -1,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental schedule of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for income taxes | 15,944,000 | 27,423,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for interest | 59,949,000 | 24,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of loans into other repossessed assets and other real estate owned | 665,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
initial recognition of operating lease right-of-use assets | 18,651,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
initial recognition of operating lease liabilities | 20,203,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash assets acquired: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank stock | 1,767,000 | 7,417,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities | 22,734,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, including loans held for sale | 426,118,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and other intangible assets | 23,125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total non-cash assets acquired | 483,048,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities assumed: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities assumed | 453,085,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued for acquisitions | 43,417,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 158,219 at march 31, 2019 and 150,932 at december 31, 2018 | 159,308,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of deferred costs | 4,921,391,000 | 4,277,539,000 | 4,223,969,000 | 4,089,173,000 | 4,050,731,000 | 3,971,154,000 | 3,791,332,000 | 3,366,372,000 | 2,965,200,000 | 2,754,517,000 | 2,689,796,000 | 2,611,765,000 | 2,608,537,000 | 2,469,016,000 | 2,427,684,000 | 2,170,743,000 | 2,146,843,000 | 2,088,784,000 | 2,073,466,000 | 1,992,775,000 | 1,984,849,000 | 2,013,100,000 | 2,009,721,000 | 1,787,244,000 | 1,715,036,000 | 1,655,851,000 | 1,502,816,000 | 1,426,018,000 | 1,340,399,000 | ||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 155,316 at june 30, 2018 and 138,688 at december 31, 2017 | 158,832,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: allowance for loan and lease losses | 36,604,000 | 35,644,000 | 33,925,000 | 32,823,000 | 31,590,000 | 31,245,000 | 31,369,000 | 30,553,000 | 30,874,000 | 30,174,000 | 30,505,000 | 30,047,000 | 29,866,000 | 29,821,000 | 29,757,000 | 29,623,000 | 28,931,000 | 28,543,000 | 28,700,000 | 28,024,000 | 28,252,000 | 27,331,000 | 27,218,000 | 27,728,000 | 26,836,000 | 25,563,000 | 24,149,000 | 24,379,000 | 25,578,000 | 25,053,000 | 20,182,000 | 20,167,000 | 15,460,000 | 14,689,000 | 14,696,000 | 13,969,000 | 13,927,000 | 13,454,000 | 13,067,000 | 13,067,000 | 13,234,000 | 13,173,000 | 13,711,000 | 16,542,000 | 16,471,000 | 16,638,000 | 18,783,000 | 17,329,000 | 17,198,000 | 16,899,000 | 16,476,000 | 18,704,000 | 18,629,000 | 17,940,000 | |||||||||||||||
investment securities held to maturity; fair value of 149,213 at march 31, 2018 and 138,688 at december 31, 2017 | 152,127,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of loans and leases into other repossessed assets and other real estate owned | 3,763,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of pascack and harmony: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held for maturity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities available for sale | 446,113,000 | 448,885,000 | 444,067,000 | 396,089,000 | 488,124,000 | 406,083,000 | 315,234,000 | 282,174,000 | 252,220,000 | 266,161,000 | 273,247,000 | 265,050,000 | 274,390,000 | 262,460,000 | 280,509,000 | 388,952,000 | 436,493,000 | 445,576,000 | 515,903,000 | 528,560,000 | 490,913,000 | 551,291,000 | 582,106,000 | 504,065,000 | 523,529,000 | 551,195,000 | 557,402,000 | 509,642,000 | 420,871,000 | 372,290,000 | 361,760,000 | 327,790,000 | 297,494,000 | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 27,809,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities held to maturity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans | 818,727,000 | 736,794,000 | 726,128,000 | 698,591,000 | 674,839,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest receivable and other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net assets acquired | 36,654,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 135,085 at september 30, 2017 and 146,990 at december 31, 2016 | 135,021,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 138,619 at june 30, 2017 and 146,990 at december 31, 2016 | 138,468,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 148,083 at march 31, 2017 and 146,990 at december 31, 2016 | 148,409,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, available for sale, at fair value | 606,704,000 | 442,349,000 | 431,106,000 | 393,710,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, held to maturity, at amortized cost with fair value of 146,990 in 2016 and 117,594 in 2015 | 147,614,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
time deposits through 250 thousand | 404,680,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 143,939 at september 30, 2016 and 117,594 at december 31, 2015 | 141,124,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 118,357 at march 31, 2016 and 117,594 at december 31, 2015 | 115,796,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noninterest bearing | 774,487,000 | 693,741,000 | 714,227,000 | 672,264,000 | 674,933,000 | 649,186,000 | 600,652,000 | 623,562,000 | 521,045,000 | 498,066,000 | 474,233,000 | 476,349,000 | 424,789,000 | 409,795,000 | 383,877,000 | 379,625,000 | 358,054,000 | 346,651,000 | 323,175,000 | 323,630,000 | 320,625,000 | 299,835,000 | 302,492,000 | 307,682,000 | 313,133,000 | 293,982,000 | 292,029,000 | 306,671,000 | 309,105,000 | 302,640,000 | 303,558,000 | 296,098,000 | 308,567,000 | 292,689,000 | 312,529,000 | 313,388,000 | 313,648,000 | 297,567,000 | 319,359,000 | 318,631,000 | 271,562,000 | 253,081,000 | 242,710,000 | 214,110,000 | |||||||||||||||||||||||||
investment securities, held to maturity, at amortized cost with fair value of 117,594 in 2015 and 109,030 in 2014 | 116,740,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
time deposits under 100 thousand | 164,886,000 | 165,105,000 | 164,946,000 | 168,391,000 | 169,655,000 | 180,859,000 | 190,996,000 | 184,356,000 | 188,278,000 | 201,817,000 | 206,766,000 | 222,337,000 | 230,510,000 | 241,911,000 | 256,705,000 | 266,891,000 | 280,500,000 | 283,512,000 | 348,182,000 | 382,016,000 | 393,731,000 | 393,549,000 | 348,520,000 | 345,511,000 | 355,254,000 | 364,477,000 | 358,086,000 | 312,079,000 | 295,253,000 | 293,308,000 | 287,040,000 | 280,799,000 | 287,946,000 | 293,293,000 | 291,189,000 | 281,325,000 | 284,000,000 | 269,820,000 | 268,065,000 | 198,010,000 | 206,752,000 | 209,216,000 | 218,769,000 | 182,805,000 | 181,313,000 | 179,423,000 | |||||||||||||||||||||||
time deposits 100 thousand and over | 178,435,000 | 141,326,000 | 126,757,000 | 112,950,000 | 110,651,000 | 115,227,000 | 123,597,000 | 116,853,000 | 115,514,000 | 125,223,000 | 131,962,000 | 174,381,000 | 171,888,000 | 170,938,000 | 185,379,000 | 192,827,000 | 201,653,000 | 182,228,000 | 209,200,000 | 263,481,000 | 236,814,000 | 217,483,000 | 179,498,000 | 206,279,000 | 195,389,000 | 239,694,000 | 222,156,000 | 202,347,000 | 224,656,000 | 209,571,000 | 231,206,000 | 176,952,000 | 158,499,000 | 154,300,000 | 140,130,000 | 108,623,000 | 109,177,000 | 96,004,000 | 87,880,000 | 80,137,000 | 76,129,000 | 78,271,000 | 79,313,000 | 63,573,000 | 70,229,000 | 71,922,000 | |||||||||||||||||||||||
investment securities held to maturity; fair value of 123,585 at june 30, 2015 and 109,030 at december 31, 2014 | 123,133,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 117,717 at march 31, 2015 and 109,030 at december 31, 2014 | 115,779,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -1,338,000 | -11,267,000 | -16,647,000 | -8,538,000 | -13,192,000 | -21,117,000 | -24,145,000 | -31,764,000 | -29,351,000 | -32,634,000 | -38,004,000 | -27,760,000 | -34,961,000 | -19,246,000 | -17,771,000 | -21,268,000 | -21,799,000 | -24,465,000 | -25,532,000 | -11,540,000 | -14,853,000 | -17,526,000 | -6,929,000 | -9,514,000 | -12,553,000 | -15,855,000 | -1,350,000 | -3,847,000 | -6,418,000 | -11,007,000 | -12,980,000 | -15,366,000 | -4,848,000 | -9,436,000 | |||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 105,127 at september 30, 2014 and 100,394 at december 31, 2013 | 104,909,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 105,720 at june 30, 2014 and 100,394 at december 31, 2013 | 105,480,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, held to maturity, at amortized cost with fair value of 100,394 in 2013 and 99,784 in 2012 | 101,744,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock | -1,029,000 | -2,718,000 | -3,546,000 | -5,957,000 | -6,366,000 | -8,683,000 | -9,377,000 | -11,940,000 | -14,496,000 | -15,282,000 | -15,963,000 | -20,106,000 | -20,140,000 | -20,546,000 | -20,962,000 | -21,066,000 | -22,565,000 | -22,450,000 | -20,176,000 | -18,949,000 | -15,307,000 | -11,874,000 | -10,878,000 | -7,585,000 | -7,142,000 | -7,283,000 | -7,443,000 | -6,408,000 | -4,692,000 | -3,892,000 | |||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive gain | -4,675,000 | -1,832,000 | 3,936,000 | 1,714,000 | 1,151,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 96,196 at september 30, 2013 and 99,784 at december 31, 2012 | 96,702,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank stock, at cost | 5,965,000 | 5,381,000 | 5,382,000 | 8,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 98,827 at march 31, 2013 and 99,784 at december 31, 2012 | 96,864,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, held to maturity, at amortized cost with fair value of 99,784 in 2012 and 74,274 in 2011 | 96,925,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 0 shares at december 31, 2012 and 19,000 at december 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 94,129 in 2012 and 74,274 in 2011 | 91,348,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 0 shares at june 30, 2012 and 19,000 shares at december 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 71,601 in 2012 and 74,274 in 2011 | 69,231,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 0 shares at march 31, 2012 and 19,000 shares at december 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 68,656 in 2011 and 68,815 in 2010 | 66,134,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
leases held for sale | 1,517,000 | 2,029,000 | 3,233,000 | 4,128,000 | 7,314,000 | 8,946,000 | 39,228,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 19,000 shares at september 30, 2011 and 39,000 shares at december 31, 2010 | 18,424,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 73,422 in 2011 and 68,815 in 2010 | 70,975,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 19,000 shares at june 30, 2011 and 39,000 shares at december 31, 2010 | 18,367,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, available for sale | 487,107,000 | 375,530,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, held to maturity; fair value of 68,815 in 2010 and 84,389 in 2009 | 66,573,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 39,000 shares at december 31, 2010 and 59,000 at december 31, 2009 | 37,474,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds sold and interest-bearing deposits due from banks | 54,048,000 | 1,416,000 | 8,490,000 | 7,836,000 | 6,957,000 | 16,391,000 | 15,297,000 | 11,234,000 | 25,600,000 | 56,654,000 | 3,706,000 | 21,963,000 | 19,049,000 | 7,937,000 | 2,635,000 | 24,691,000 | 37,381,000 | 34,353,000 | 20,402,000 | 24,166,000 | 31,035,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 74,071 in 2010 and 84,389 in 2009 | 71,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans and leases, net of deferred costs | 1,984,822,000 | 1,992,256,000 | 2,003,988,000 | 1,959,086,000 | 1,944,825,000 | 2,031,515,000 | 2,015,738,000 | 1,987,534,000 | 1,938,472,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 115,900,000 | 145,900,000 | 145,900,000 | 145,900,000 | 200,900,000 | 210,900,000 | 210,900,000 | 210,900,000 | 266,003,000 | 221,017,000 | 211,350,000 | 171,755,000 | 120,855,000 | 100,855,000 | 81,305,000 | 91,710,000 | 91,851,000 | 61,711,000 | 62,158,000 | 45,061,000 | 45,059,000 | 45,056,000 | 35,503,000 | 42,288,000 | 42,260,000 | 33,500,000 | 34,500,000 | 34,500,000 | 34,500,000 | 31,000,000 | 31,000,000 | 31,000,000 | 31,006,000 | 31,006,000 | |||||||||||||||||||||||||||||||||||
stockholders equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 39,000 shares at september 30, 2010 and 59,000 shares at december 31, 2009 | 37,365,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 75,134 in 2010 and 84,389 in 2009 | 72,186,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 59,000 shares at june 30, 2010 and december 31, 2009 | 56,350,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 79,795 in 2010 and 84,389 in 2009 | 77,311,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 59,000 shares at march 31, 2010 and december 31, 2009 | 56,183,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, held to maturity; fair value of 84,389 in 2009 and 111,881 in 2008 | 81,821,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 59,000 shares at december 31, 2009 | 56,023,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 91,079 in 2009 and 111,881 in 2008 | 88,036,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 59,000 shares at september 30, 2009 | 55,876,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 105,160 in 2009 and 111,881 in 2008 | 103,433,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 59,000 shares at june 30, 2009 | 55,728,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 114,048 in 2009 and 111,881 in 2008 | 112,248,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 1,000 liquidation value, authorized 1,000,000 shares; issued 59,000 shares at march 31, 2009 | 55,581,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 111,881 in 2008 and 129,207 in 2007 | 110,114,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 105,102 in 2008 and 129,207 in 2007 | 105,182,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 108,357 in 2008 and 129,207 in 2007 | 108,747,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
savings and interest -bearing transaction accounts | 1,091,289,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 115,046 in 2008 and 129,207 in 2007 | 113,584,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 129,207 in 2007 and 140,564 in 2006 | 129,360,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 128,212 in 2007 and 140,564 in 2006 | 129,650,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 129,801 in 2007 and 140,564 in 2006 | 133,193,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 141,099 in 2007 and 140,564 in 2006 | 142,920,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 140,564 in 2006 and 151,637 in 2005 | 142,838,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 136,549 in 2006 and 151,637 in 2005 | 139,063,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and other identifiable intangible assets | 92,351,000 | 92,648,000 | 92,946,000 | 93,395,000 | 93,670,000 | 93,973,000 | 94,341,000 | 94,119,000 | 94,314,000 | 28,383,000 | 28,383,000 | 27,609,000 | 28,309,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 147,358 in 2006 and 151,637 in 2005 | 151,988,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 148,479 in 2006 and 151,637 in 2005 | 152,156,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 151,637 in 2005 and 162,926 in 2004 | 154,569,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 155,607 in 2005 and 162,926 in 2004 | 157,464,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 146,958 in 2005 and 162,926 in 2004 | 147,484,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 152,589 in 2005 and 162,926 in 2004 | 154,506,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 162,926 in 2004 and 43,650 in 2003 | 162,922,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
guaranteed preferred beneficial interests in company’s subordinated debentures | 55,000,000 | 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 142,149 in 2004 and 43,650 in 2003 | 141,627,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 62,171 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
in 2004 and 43,650 in 2003 | 62,529,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds purchased and securities sold under | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
agreements to repurchase | 19,294,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
guaranteed preferred beneficial interests in company's | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares, 16,483,551 at june 30, 2004 and december 31, 2003; | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares, 16,018,525 at june 30, 2004 and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
15,948,526 at december 31, 2003 | 130,968,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 40,643 in 2004 and 48,650 in 2003 | 39,743,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 43,650 in 2003 and 48,436 in 2002 | 43,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and due from banks | 49,247,000 | 48,541,000 | 42,203,000 | 57,380,000 | 41,177,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity, fair value of 47,196 in 2003 and 48,436 in 2002 | 46,196,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
plus: deferred costs | -261,000 | 146,000 | 384,000 | 2,297,000 | 2,146,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest bearing | 254,741,000 | 236,334,000 | 216,479,000 | 217,370,000 | 211,206,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
savings and interest bearing transaction accounts | 779,268,000 | 665,253,000 | 650,070,000 | 558,578,000 | 516,082,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 52,393 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
in 2003 and 48,436 in 2002 | 50,255,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds purchased and securities sold | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
under agreements to repurchase | 19,539,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
guaranteed preferred beneficial interests in company’s | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares, 14,671,097 at june 30, 2003 and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
december 31, 2002; outstanding shares, 14,202,526 at | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
june 30, 2003 and 14,227,079 at december 31, 2002 | 101,505,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
444,018 at december 31, 2002 | -6,528,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 49,641 in 2003 and 48,436 in 2002 | 47,536,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 48,436 in 2002 and 72,101 in 2001 | 46,083,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds sold | 7,000,000 | 9,075,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 51,509 in 2002 and 72,101 in 2001 | 49,312,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
time deposits under 100 | 181,397,000 | 179,299,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
time deposits 100 and over | 81,388,000 | 71,433,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities sold under agreements to repurchase | 19,001,000 | 20,760,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity; fair value of 54,204 in 2002 and 72,101 in 2001 | 52,732,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: allowance for possible loan losses | 9,682,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2022-12-31 | 2022-03-31 | 2020-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-03-31 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2013-12-31 | 2013-03-31 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-03-31 | 2002-12-31 | 2002-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 19,795,000 | 20,068,000 | 22,239,000 | 15,929,000 | 7,577,000 | 15,838,000 | 15,255,000 | 13,723,000 | 13,370,000 | 12,312,000 | 11,953,000 | 8,108,000 | 7,862,000 | 8,330,000 | 8,246,000 | 7,341,000 | 5,108,000 | 5,453,000 | 4,971,000 | 5,106,000 | 5,020,000 | 4,872,000 | 4,753,000 | 4,566,000 | -12,722,000 | 3,175,000 | 889,000 | 5,856,000 | 2,880,000 | 5,540,000 | 3,295,000 | 4,799,000 | 5,524,000 | 4,370,000 | 2,123,000 | 5,107,000 | 5,055,000 | 4,692,000 | 5,158,000 | 5,358,000 | 5,137,000 | 4,568,000 | 4,656,000 | 4,552,000 | 3,718,000 | 3,569,000 | 3,996,000 | 3,543,000 | 4,036,000 | -711,000 | ||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of premiums, discounts and deferred loan fees and costs | 1,136,000 | 1,271,000 | 1,271,000 | -1,813,000 | 772,000 | 1,250,000 | 1,350,000 | 1,117,000 | 1,296,000 | 1,230,000 | 757,000 | 1,135,000 | 874,000 | 745,000 | 1,092,000 | 1,501,000 | 1,319,000 | 1,803,000 | 1,026,000 | 1,576,000 | 713,000 | 1,068,000 | 1,047,000 | 1,556,000 | 1,218,000 | 1,020,000 | 366,000 | 906,000 | 693,000 | 143,000 | 186,000 | 750,000 | -25,000 | 149,000 | 126,000 | 90,000 | 135,000 | -1,858,000 | 2,227,000 | 1,670,000 | 1,661,000 | 749,000 | 513,000 | 987,000 | 1,068,000 | 1,858,000 | 221,000 | |||||||
depreciation and amortization | 1,509,000 | 1,381,000 | 1,511,000 | 1,665,000 | -105,000 | 1,370,000 | 1,323,000 | 1,192,000 | 1,068,000 | 1,012,000 | 1,076,000 | 878,000 | 1,065,000 | 849,000 | 827,000 | 855,000 | 860,000 | 720,000 | 715,000 | 963,000 | -42,000 | 1,038,000 | 1,019,000 | 1,046,000 | 21,000 | 1,099,000 | 1,092,000 | 1,094,000 | 1,000 | 1,076,000 | 1,175,000 | 1,146,000 | 12,000 | 1,217,000 | 1,208,000 | 1,177,000 | -30,000 | 1,182,000 | 1,170,000 | 1,190,000 | -23,000 | 1,201,000 | 1,172,000 | 1,182,000 | 1,207,000 | 805,000 | 756,000 | 614,000 | 629,000 | |||||
amortization of intangible assets | 436,000 | 500,000 | 501,000 | 596,000 | 466,000 | 153,000 | 157,000 | 104,000 | 190,000 | 195,000 | 202,000 | 167,000 | 107,000 | 111,000 | 111,000 | |||||||||||||||||||||||||||||||||||||||
amortization of operating lease right-of-use assets | 999,000 | 1,572,000 | 1,003,000 | 1,021,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
benefit for credit losses | -2,692,000 | 6,272,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loans originated for sale | -13,782,000 | -14,488,000 | -16,652,000 | -25,379,000 | -56,186,000 | -13,545,000 | -8,473,000 | -15,378,000 | -13,770,000 | -13,427,000 | -23,799,000 | -14,786,000 | -22,673,000 | -11,976,000 | -7,054,000 | -7,593,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from sales of loans held for sale | 14,186,000 | 15,580,000 | 16,312,000 | 31,462,000 | 56,984,000 | 12,153,000 | 9,175,000 | 14,513,000 | ||||||||||||||||||||||||||||||||||||||||||||||
gain on equity securities | 129,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income on bank owned life insurance | -868,000 | -884,000 | -815,000 | -777,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gains on proceeds from bank owned life insurance policies | -24,000 | 0 | -53,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of loans held for sale | -305,000 | -505,000 | -349,000 | -1,426,000 | -2,016,000 | -300,000 | -246,000 | -478,000 | -471,000 | -398,000 | -405,000 | -420,000 | -464,000 | -265,000 | -143,000 | -148,000 | ||||||||||||||||||||||||||||||||||||||
gains on other real estate and other repossessed assets | -10,000 | -4,000 | -4,000 | -8,000 | -21,000 | -25,000 | -27,000 | -161,000 | -339,000 | 6,000 | -9,000 | -50,000 | -94,000 | -78,000 | ||||||||||||||||||||||||||||||||||||||||
loss on sales of premises and equipment | 37,000 | 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 1,635,000 | 1,150,000 | 915,000 | 1,439,000 | 587,000 | 465,000 | 994,000 | 416,000 | 396,000 | 1,170,000 | 754,000 | 345,000 | 567,000 | 483,000 | 185,000 | 190,000 | 178,000 | 158,000 | 125,000 | 145,000 | 132,000 | 110,000 | 108,000 | 108,000 | 129,000 | 75,000 | 45,000 | |||||||||||||||||||||||||||
excess tax (deficiencies) benefits | -242,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other assets | -5,542,000 | -28,157,000 | -1,860,000 | -78,060,000 | 1,034,000 | -2,388,000 | -1,108,000 | -598,000 | -4,074,000 | 2,594,000 | -3,138,000 | -1,581,000 | -1,954,000 | 625,000 | -109,000 | -144,000 | 1,277,000 | 4,611,000 | 2,059,000 | -919,000 | 487,000 | -543,000 | -450,000 | -1,283,000 | 632,000 | -1,193,000 | -850,000 | 548,000 | -356,000 | -836,000 | -369,000 | 3,323,000 | -2,079,000 | 1,459,000 | 461,000 | 2,897,000 | 1,583,000 | |||||||||||||||||
increase in other liabilities | 8,214,000 | -36,021,000 | 27,000,000 | 64,644,000 | 4,638,000 | 1,262,000 | -1,790,000 | -3,479,000 | 5,467,000 | -912,000 | 410,000 | 527,000 | 1,558,000 | 99,000 | 1,555,000 | 3,005,000 | -536,000 | -710,000 | 1,193,000 | 76,000 | -9,112,000 | -2,787,000 | 12,567,000 | 2,776,000 | -491,000 | 407,000 | 301,000 | 1,724,000 | 653,000 | -1,235,000 | 1,945,000 | -113,000 | 831,000 | 989,000 | -625,000 | -750,000 | 648,000 | |||||||||||||||||
net cash from operating activities | 24,611,000 | 25,253,000 | 26,332,000 | 29,340,000 | 17,775,000 | 24,013,000 | 19,884,000 | 14,121,000 | 13,339,000 | 19,727,000 | 12,551,000 | 7,459,000 | 7,496,000 | 8,628,000 | 13,617,000 | 10,422,000 | 11,684,000 | 11,728,000 | 13,575,000 | 13,935,000 | 15,158,000 | 10,151,000 | 17,141,000 | 13,540,000 | -6,108,000 | -24,045,000 | 32,145,000 | 20,547,000 | 10,788,000 | 9,874,000 | 8,087,000 | 7,967,000 | 9,360,000 | 5,019,000 | 6,749,000 | 5,838,000 | 7,162,000 | 7,745,000 | 3,148,000 | 9,287,000 | 7,971,000 | 9,613,000 | 7,720,000 | 7,493,000 | 8,714,000 | 8,020,000 | 6,844,000 | 6,089,000 | 10,274,000 | 7,965,000 | 5,315,000 | 6,741,000 | ||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayments and maturities of available for sale securities | 33,012,000 | 25,538,000 | 32,509,000 | 41,454,000 | 590,548,000 | 22,098,000 | 20,928,000 | 25,126,000 | 23,113,000 | 20,613,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayments and maturities of held to maturity securities | 8,889,000 | 11,522,000 | 37,654,000 | 42,432,000 | 13,096,000 | 7,900,000 | 5,820,000 | 14,721,000 | 14,481,000 | 4,143,000 | ||||||||||||||||||||||||||||||||||||||||||||
purchase of held to maturity securities | -700,000 | -1,310,000 | -7,415,000 | -35,648,000 | 32,075,000 | -14,774,000 | -18,461,000 | -11,403,000 | -4,676,000 | -5,078,000 | ||||||||||||||||||||||||||||||||||||||||||||
purchase of equity securities | -77,000 | -99,000 | -72,000 | -32,000 | -819,000 | -83,000 | -326,000 | |||||||||||||||||||||||||||||||||||||||||||||||
death benefit proceeds from bank owned life insurance policy | 168,000 | 0 | 95,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from redemptions of federal home loan bank stock | 62,863,000 | 55,223,000 | 58,637,000 | 94,188,000 | 2,251,000 | 688,000 | 8,465,000 | 451,000 | 3,026,000 | |||||||||||||||||||||||||||||||||||||||||||||
purchases of federal home loan bank stock | -62,550,000 | -54,160,000 | -59,114,000 | -119,000 | -82,259,000 | -2,348,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net decrease (increase) in loans | 23,830,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of other real estate and repossessed assets | 10,000 | 5,000 | 8,000 | 114,000 | 773,000 | 145,000 | 389,000 | 730,000 | 2,853,000 | 463,000 | 294,000 | 559,000 | 643,000 | 531,000 | ||||||||||||||||||||||||||||||||||||||||
purchases of premises and equipment | -825,000 | -780,000 | -791,000 | -944,000 | -2,409,000 | -1,392,000 | -1,354,000 | -746,000 | -514,000 | -810,000 | -1,126,000 | |||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | 64,620,000 | -130,423,000 | 44,426,000 | -545,982,000 | -51,773,000 | -90,396,000 | -21,996,000 | -79,936,000 | -179,316,000 | -221,941,000 | -29,992,000 | -69,212,000 | -62,237,000 | -34,567,000 | -67,190,000 | -5,157,000 | -16,278,000 | -18,898,000 | -11,953,000 | -84,868,000 | -109,082,000 | -57,420,000 | -65,391,000 | -45,629,000 | 30,328,000 | -38,822,000 | -104,981,000 | 39,094,000 | 20,827,000 | -128,405,000 | 5,596,000 | -84,978,000 | -20,527,000 | -53,028,000 | -49,458,000 | |||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in deposits | -80,772,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in federal funds purchased and securities sold under agreements to repurchase | -111,195,000 | -14,617,000 | -209,950,000 | 371,010,000 | 71,385,000 | 1,549,000 | 15,473,000 | 33,637,000 | 28,496,000 | 26,654,000 | -22,393,000 | 28,898,000 | 8,416,000 | -43,715,000 | -22,974,000 | -3,495,000 | 24,322,000 | -37,076,000 | -16,325,000 | 9,314,000 | -34,830,000 | -8,560,000 | 47,145,000 | -4,857,000 | -11,153,000 | 6,438,000 | 17,805,000 | |||||||||||||||||||||||||||
retirement of restricted stock | -780,000 | 0 | -15,000 | -881,000 | -933,000 | 252,000 | 0 | -744,000 | 0 | -17,000 | -756,000 | 0 | -161,000 | -20,000 | -230,000 | |||||||||||||||||||||||||||||||||||||||
dividends paid | -9,520,000 | -9,522,000 | -9,520,000 | -9,505,000 | -8,809,000 | -8,806,000 | -5,509,000 | -4,778,000 | -4,775,000 | -4,776,000 | -4,527,000 | -4,266,000 | -3,525,000 | -3,243,000 | -2,852,000 | -2,866,000 | -1,781,000 | -1,361,000 | -1,506,000 | -1,509,000 | -2,228,000 | -2,214,000 | -2,211,000 | -1,742,000 | -2,107,000 | -2,119,000 | -2,056,000 | -2,061,000 | -2,071,000 | -2,085,000 | -1,596,000 | -1,610,000 | -1,352,000 | -1,308,000 | -1,293,000 | |||||||||||||||||||
net cash from financing activities | -202,267,000 | 238,374,000 | 119,373,000 | 591,885,000 | 37,537,000 | 60,614,000 | 25,110,000 | 101,873,000 | 134,194,000 | 189,840,000 | 117,659,000 | 66,077,000 | 77,498,000 | 9,151,000 | 14,235,000 | -17,006,000 | -5,553,000 | 19,586,000 | -8,389,000 | 22,393,000 | 27,263,000 | -37,464,000 | 37,918,000 | -42,066,000 | 57,415,000 | 53,908,000 | 18,769,000 | 56,853,000 | 3,758,000 | 19,505,000 | 35,799,000 | 59,943,000 | 100,694,000 | 51,994,000 | 15,149,000 | -1,213,000 | 4,710,000 | 78,443,000 | -38,046,000 | 11,613,000 | 87,631,000 | -22,229,000 | -28,461,000 | 87,208,000 | 34,615,000 | 51,139,000 | 50,335,000 | 18,798,000 | 56,845,000 | |||||
net increase in cash and cash equivalents | -113,036,000 | -33,170,000 | 134,283,000 | -9,813,000 | 193,139,000 | 63,678,000 | 17,235,000 | 35,276,000 | -25,395,000 | -19,550,000 | 95,126,000 | 4,361,000 | 23,889,000 | -11,799,000 | -42,533,000 | -10,479,000 | -10,103,000 | 14,263,000 | 42,022,000 | 1,126,000 | -8,964,000 | -2,585,000 | -10,584,000 | 14,721,000 | -39,779,000 | 48,293,000 | -6,648,000 | -24,642,000 | 22,075,000 | 1,374,000 | 2,131,000 | 1,569,000 | -19,238,000 | -7,737,000 | 24,585,000 | -141,000 | -32,483,000 | 11,150,000 | 21,562,000 | 9,033,000 | -23,565,000 | 37,773,000 | -28,915,000 | 14,128,000 | ||||||||||
cash and cash equivalents, beginning of period | 320,655,000 | 0 | 228,530,000 | 139,438,000 | 0 | 142,933,000 | 0 | 0 | 175,801,000 | 118,493,000 | 0 | 109,316,000 | 0 | 107,545,000 | 0 | 72,558,000 | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 207,619,000 | 134,283,000 | 421,669,000 | 203,116,000 | 9,777,000 | 133,035,000 | 17,235,000 | 35,276,000 | 150,406,000 | 213,619,000 | 4,361,000 | 133,205,000 | -11,799,000 | 97,066,000 | -10,103,000 | 86,821,000 | -6,407,000 | 43,636,000 | -47,726,000 | 100,685,000 | 2,273,000 | -8,159,000 | 50,902,000 | -2,585,000 | -10,584,000 | 71,909,000 | 48,293,000 | -6,648,000 | 55,322,000 | 1,374,000 | 2,131,000 | 54,384,000 | -7,737,000 | 24,585,000 | 55,205,000 | 11,150,000 | 21,562,000 | 55,117,000 | 73,238,000 | 14,128,000 | ||||||||||||||
net amortization (accretion) of premiums, discounts and deferred loan fees and costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on investment securities transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on death benefits from bank owned life insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on property held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt extinguishment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of property held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax (benefit) expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits | 0 | 1,000 | 15,000 | 298,000 | 0 | 9,000 | 573,000 | 1,000 | 58,000 | 5,000 | 115,000 | 27,000 | 0 | 18,000 | 0 | 13,000 | 5,000 | 1,000 | 0 | 0 | 1,000 | -12,000 | 3,000 | 110,000 | 4,000 | 15,000 | 45,000 | 14,000 | 29,000 | |||||||||||||||||||||||||
decrease (increase) in other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash acquired in acquisitions | 326,236,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of available for sale securities | 16,000 | -15,000 | 4,499,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of available for sale securities | -269,070,000 | -713,235,000 | -8,211,000 | -24,589,000 | -46,000 | -8,249,000 | -105,475,000 | |||||||||||||||||||||||||||||||||||||||||||||||
death benefit proceeds from bank owned life insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in loans | -48,989,000 | -191,836,000 | -60,109,000 | -103,856,000 | -72,163,000 | -59,826,000 | -64,308,000 | -29,932,000 | -51,240,000 | -51,499,000 | -32,027,000 | -9,886,000 | -28,401,000 | -10,239,000 | -33,987,000 | -7,851,000 | -20,362,000 | -23,879,000 | ||||||||||||||||||||||||||||||||||||
proceeds from sales of loans previously held for investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dispositions and sales of bank premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of other real estate and other repossessed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in deposits | -21,232,000 | -110,257,000 | 132,657,000 | 941,413,000 | -47,835,000 | 79,339,000 | 129,935,000 | -66,020,000 | 200,739,000 | 151,296,000 | 162,738,000 | 421,000 | 51,783,000 | 50,121,000 | 801,000 | 17,678,000 | -10,728,000 | 38,475,000 | 50,183,000 | -38,883,000 | 64,627,000 | -32,631,000 | 45,589,000 | 13,036,000 | 55,106,000 | 16,094,000 | 93,822,000 | 7,540,000 | 9,322,000 | 10,407,000 | 56,599,000 | 31,406,000 | -27,953,000 | -7,404,000 | 115,584,000 | -47,369,000 | 10,545,000 | 25,143,000 | 18,010,000 | 73,113,000 | 17,963,000 | -6,409,000 | 58,999,000 | 20,359,000 | 60,713,000 | |||||||||
proceeds from other borrowings | -14,437,000 | 112,176,000 | 0 | 50,000,000 | 20,230,000 | 5,700,000 | 100,000,000 | 130,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of subordinated debt | -42,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of subordinated debentures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
exercise of stock options | 59,000 | 248,000 | 0 | 13,000 | 300,000 | 20,000 | 93,000 | 0 | 1,500,000 | 0 | 164,000 | 47,000 | 27,000 | 389,000 | -65,000 | 4,000 | 0 | 6,000 | -96,000 | 128,000 | 2,740,000 | 16,000 | 19,000 | 194,000 | 55,000 | 140,000 | 113,000 | -13,000 | 331,000 | 88,000 | 20,000 | 1,000 | 77,000 | 363,000 | 44,000 | 11,000 | 302,000 | 299,000 | 115,000 | 270,000 | 25,000 | 57,000 | ||||||||||||
net cash from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | 0 | 0 | 0 | 0 | 58,663,000 | 0 | 0 | 0 | 49,776,000 | 0 | 0 | 0 | 57,188,000 | 0 | 0 | 0 | 79,964,000 | 0 | 0 | 0 | 52,815,000 | 0 | 0 | 0 | 55,346,000 | 0 | 0 | 0 | 46,084,000 | 0 | 35,465,000 | 0 | 0 | |||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from credit losses | 1,262,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on equity securities | 485,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dispositions and sales of premises and equipment | 123,000 | 376,000 | 413,000 | 849,000 | 10,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term federal home loan bank of new york advances | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of asset | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of other borrowings | -21,060,000 | -20,000,000 | -15,000,000 | -227,699,000 | -25,000,000 | -90,058,000 | -32,798,000 | -19,000,000 | 0 | -6,000,000 | -10,000,000 | -90,000,000 | -150,000,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | 0 | 0 | -2,406,000 | -1,258,000 | -3,645,000 | -3,627,000 | -1,568,000 | -3,349,000 | -181,000 | 0 | -936,000 | -1,245,000 | -873,000 | |||||||||||||||||||||||||||||||||||||||||
supplemental schedule of non-cash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of debt securities to held to maturity at fair value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of loans to loans held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of loans into other real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for new lease liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash assets acquired: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and other intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank owned life insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total non-cash assets acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities assumed: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities assumed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued for acquisitions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (gains) on sales of premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt extinguishment costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of subordinated debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax deficiencies | 79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other liabilities | -1,379,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in federal funds purchased and securities sold under agreements to repurchase | -3,542,000 | -22,763,000 | -22,256,000 | 21,198,000 | -28,945,000 | -19,137,000 | -6,646,000 | |||||||||||||||||||||||||||||||||||||||||||||||
initial recognition of operating lease right-of-use assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
initial recognition of operating lease liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, including loans held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sales of premises and equipment | 66,000 | -1,000 | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt prepayment penalty | 0 | 0 | 2,828,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of loans held for investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of subordinated debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of securities | 0 | 15,000 | -2,539,000 | 0 | -370,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
change in market value of equity securities | 658,000 | -51,000 | 18,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on other real estate and other repossessed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of equity securities | 1,266,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loan and lease losses | 1,492,000 | 1,284,000 | 1,827,000 | 1,827,000 | 1,218,000 | 375,000 | 1,075,000 | 740,000 | 870,000 | 1,194,000 | 1,687,000 | 3,183,000 | 3,877,000 | 4,556,000 | 4,058,000 | 4,544,000 | 4,857,000 | 5,001,000 | 4,879,000 | 6,438,000 | 4,718,000 | 34,083,000 | 6,376,000 | 11,032,000 | 3,273,000 | 8,158,000 | 1,267,000 | 3,914,000 | 789,000 | 671,000 | 602,000 | 738,000 | 337,000 | 319,000 | 332,000 | 141,000 | 304,000 | 327,000 | 783,000 | 926,000 | 926,000 | 875,000 | 875,000 | 750,000 | 750,000 | |||||||||
gains on sales of premises and equipment | -68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of bank owned life insurance | -17,000,000 | 0 | -4,078,000 | 548,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in loans and leases | -55,471,000 | -73,247,000 | -39,694,000 | -82,392,000 | -103,936,000 | -79,733,000 | -83,387,000 | -66,452,000 | -37,298,000 | -4,812,000 | -43,664,000 | -27,428,000 | -19,201,000 | -36,731,000 | -33,297,000 | 1,970,000 | 7,877,000 | 4,393,000 | ||||||||||||||||||||||||||||||||||||
(gains) losses on sales of premises and equipment | -178,000 | -305,000 | -367,000 | -69,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -9,898,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of loans and leases into other repossessed assets and other real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of pascack and harmony: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held for maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities held to maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest receivable and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net assets acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of loans | 14,800,000 | 26,152,000 | 15,289,000 | 21,387,000 | 11,235,000 | 6,077,000 | 7,436,000 | |||||||||||||||||||||||||||||||||||||||||||||||
stock based compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on debt redemption and extinguishment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayments and maturities of available for sale securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayments and maturities of held to maturity securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of available for sale securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of held to maturity securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of available for sale securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of held to maturity securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of bank premises and equipment | 462,000 | 311,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on debt redemption and extinguishment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses (gains) on sales of premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease (increase) in federal home loan bank stock | 856,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
early redemption and extinguishment of subordinated debentures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on proceeds of bank owned life insurance | -332,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash acquired in acquisition | 40,942,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayments on and maturity of securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
available for sale | 22,455,000 | 18,637,000 | 19,309,000 | 16,966,000 | 14,866,000 | 20,608,000 | 26,406,000 | 36,189,000 | 78,699,000 | 39,105,000 | 45,703,000 | 38,324,000 | 37,449,000 | 50,462,000 | 39,047,000 | 22,442,000 | 35,349,000 | 29,102,000 | 16,397,000 | 29,163,000 | 33,545,000 | 10,450,000 | 17,514,000 | 11,540,000 | 18,901,000 | 21,533,000 | 23,965,000 | 20,525,000 | 20,954,000 | 24,299,000 | 24,463,000 | 27,828,000 | 45,736,000 | 36,035,000 | 36,617,000 | 43,087,000 | 37,798,000 | 22,517,000 | 47,359,000 | 46,181,000 | 33,714,000 | |||||||||||||
held to maturity | 9,053,000 | 4,642,000 | 4,162,000 | 6,847,000 | 2,555,000 | 2,543,000 | 11,944,000 | 8,030,000 | 26,257,000 | 5,038,000 | 6,222,000 | 7,957,000 | 6,837,000 | 7,126,000 | 19,162,000 | 12,399,000 | 3,203,000 | 3,320,000 | 6,127,000 | 7,784,000 | 16,232,000 | 2,878,000 | 6,063,000 | 13,644,000 | 5,513,000 | 2,454,000 | 15,526,000 | 4,337,000 | 7,593,000 | |||||||||||||||||||||||||
proceeds from sales of securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from bank owned life insurance policy | 0 | 772,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -977,000 | -1,106,000 | -947,000 | -848,000 | -800,000 | -696,000 | -3,632,000 | -1,906,000 | -760,000 | -566,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -242,000 | -281,000 | -945,000 | -844,000 | 0 | 0 | 0 | -605,000 | -1,593,000 | -1,127,000 | -1,118,000 | -507,000 | -602,000 | 0 | 0 | -448,000 | -314,000 | -314,000 | -434,000 | -542,000 | ||
free cash flows | 24,611,000 | 25,253,000 | 26,332,000 | 29,340,000 | 17,775,000 | 24,013,000 | 19,884,000 | 14,121,000 | 13,339,000 | 19,727,000 | 12,551,000 | 6,482,000 | 6,390,000 | 7,681,000 | 12,769,000 | 9,622,000 | 10,988,000 | 8,096,000 | 11,669,000 | 13,175,000 | 14,592,000 | 10,151,000 | 17,141,000 | 13,540,000 | -6,108,000 | -24,045,000 | 32,145,000 | 20,547,000 | 10,788,000 | 9,874,000 | 8,087,000 | 7,967,000 | 9,118,000 | 4,738,000 | 5,804,000 | 4,994,000 | 7,162,000 | 7,745,000 | 3,148,000 | 8,682,000 | 6,378,000 | 8,486,000 | 6,602,000 | 6,986,000 | 8,112,000 | 8,020,000 | 6,844,000 | 5,641,000 | 9,960,000 | 7,651,000 | 4,881,000 | 6,199,000 | ||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on securities | 0 | -333,000 | -505,000 | -241,000 | -32,000 | -785,000 | -60,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in federal home loan bank and other membership bank stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of stock to dividend reinvestment and stock purchase plan | 10,000 | 41,000 | 44,000 | 31,000 | 77,000 | 13,000 | 14,000 | 13,000 | 16,000 | 14,000 | 11,000 | 25,000 | ||||||||||||||||||||||||||||||||||||||||||
transfer of loans and leases receivable to other real estate owned and other repossessed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of somerset hills bancorp: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value for non-cash assets other than goodwill acquired in purchase transaction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value for liabilities assumed in purchase transaction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill related to acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued and fair value of stock options converted to lakeland bancorp stock options | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales and calls of securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in federal home loan bank stock | -2,023,000 | -910,000 | 980,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dispositions of premises and equipment | 17,000 | 131,000 | 40,000 | 256,000 | 22,000 | -1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
gains on calls of securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on early debt extinguishment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax provision | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
early extinguishment of subordinated debentures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on debt extinguishment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on leases | -125,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
writedown of other repossessed assets | 2,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other assets | -471,000 | 694,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of leases | 0 | 192,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds on issuance of stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock and common stock warrant | 0 | -21,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid on preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid on common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of other real estate and other repossessed assets | -29,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
preceeds from issuance of common stock, net of expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in federal home loan bank stock | 1,000 | -683,000 | 916,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment loss on securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses (gains) on sales of other assets | 8,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of other repossessed assets | 381,000 | 154,000 | 413,000 | 1,107,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of other assets | -27,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturity of securities available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturity of securities held to maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in loans and leases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on sales of leases held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on other repossessed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds on issuance of preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on held for sale leases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on sales of other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
held for sale | 532,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of long-term debt | 0 | -10,000,000 | -20,450,000 | -10,405,000 | -2,905,000 | -6,785,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds on issuance of preferred stock, net of costs | -1,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on held for sale leases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds on sales of other repossessed assets | 954,000 | 1,262,000 | 1,152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds on sales of bank premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on securities | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sales of leases held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of branch | 0 | 0 | 0 | -319,000 | -361,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of subordinated debentures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on sales of leases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sales of other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of leases held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of long-term debt | 50,000,000 | 30,000,000 | 30,140,000 | 0 | 20,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of leases held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sales of other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of other repossessed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received on sales of other repossessed assets | 2,033,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred stock, net of costs | 58,838,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on sales of securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on other repossessed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of branch | -7,326,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in other real estate owned | 130,000 | 133,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of leases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of branch premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in other repossessed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of subordinated debentures | 0 | 25,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of long- term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
share based compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax | 741,000 | -745,000 | 420,000 | 914,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in other real estate owned | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based compensation | 49,000 | 31,000 | 31,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
disbursement from sale of branch | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of branch premises and equipment | 2,000 | 946,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales and calls of securities | -78,000 | -4,000 | -100,000 | -28,000 | -3,000 | -265,000 | -812,000 | |||||||||||||||||||||||||||||||||||||||||||||||
benefit from losses on other real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash equivalents in excess of cash paid for business acquired | 1,036,000 | -626,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of asset based lending portfolio | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of other real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits from stock based compensation | 9,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on disposition of equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
held for maturity | 9,680,000 | 7,583,000 | 10,725,000 | 16,585,000 | 6,003,000 | 3,231,000 | 3,808,000 | 3,195,000 | 2,991,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from other real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance (repayments) of long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposition of equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances (repayments) of long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (repayments of) long-term repurchase agreements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on disposition of premises and equipment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of premiums, discounts and deferred loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fees and costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of securities available for sale | 16,249,000 | 12,963,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dispositions of premises and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in federal funds purchased and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities sold under agreements to repurchase | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from (used) in) financing activities | -2,652,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term repurchase agreements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 1,629,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in long-term debt | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on other real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of loans and participation interest in loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of leasing company | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of long-term debt principal | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in securities sold under agreements to repurchase | -1,759,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from possible loan losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on other real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on dispositions of premises and equipment |