4th Quarter 2023
December 31
Assets (In Thousands) | 2023 | 2022 |
---|---|---|
Cash and Deposits Due from Banks | $ 135,885 | $ 129,706 |
Excess Deposits with Federal Reserve and Federal Funds Sold |
1,190,184 | 910,720 |
Investment Securities | ||
U.S. Government and Agency Securities | 355,234 | 348,909 |
Other Securities | 82,645 | 78,446 |
Total Investment Securities | 437,879 | 427,355 |
Loans | ||
Commercial loans | 5,664,573 | 5,445,509 |
Installment loans | 1,113,153 | 1,052,300 |
Mortgage loans | 384,096 | 278,506 |
Other loans | 12,771 | 10,417 |
Subtotal | 7,174,593 | 6,786,732 |
Less: Allowance for Loan Losses | (88,703) | (81,824) |
Total Loans, Net | 7,085,890 | 6,704,908 |
Bank Premises and Equipment | 111,491 | 97,045 |
Other Assets | 203,310 | 185,156 |
TOTAL ASSETS | $ 9,164,639 | $ 8,454,890 |
Liabilities (In Thousands) | 2023 | 2022 |
---|---|---|
Demand deposits | $ 1,614,307 | $ 2,058,927 |
Interest-bearing deposits | 6,427,841 | 5,406,715 |
Total deposits | 8,042,148 | 7,465,642 |
Federal funds purchased | 130,234 | 62,902 |
Repurchase agreements | 43,395 | 60,280 |
Other borrowed money | 6,000 | 6,000 |
Accrued expenses and other liabilities | 64,836 | 54,650 |
Total Liabilities | 8,286,613 | 7,649,474 |
Stockholders' Equity (In Thousands) | 2023 | 2022 |
---|---|---|
Capital stock | 5,000 | 5,000 |
Surplus | 50,000 | 50,000 |
Undivided profits | 846,118 | 787,353 |
Accumulated other comprehensive income | (23,092) | (36,937) |
Total Stockholders' Equity | 878,026 | 805,416 |
TOTAL LIABILITIES AND EQUITY | $ 9,164,639 |
$ 8,454,890 |
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2023 Statement of Condition
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