Table of Contents CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION December 31  (Dollars in thousands) 2020 2019 ASSETS Cash and due from banks $ 74,186 $ 67,215  Federal funds sold and interest bearing deposits with other banks 168,861 16,150  Investment securities available-for-sale 1,197,467 1,040,583  Other investments 27,429 28,414  Mortgages held for sale 12,885 20,277  Loans and leases, net of unearned discount: Commercial and agricultural 1,478,722 1,132,791  Auto and light truck 542,369 588,807  Medium and heavy duty truck 279,172 294,824  Aircraft 861,460 784,040  Construction equipment 714,888 705,451  Commercial real estate 969,864 908,177  Residential real estate and home equity 511,379 532,003  Consumer 131,447 139,434  Total loans and leases 5,489,301 5,085,527  Allowance for loan and lease losses (140,654) (111,254) Net loans and leases 5,348,647 4,974,273  Equipment owned under operating leases, net 65,040 111,684  Net premises and equipment 49,373 52,219  Goodwill and intangible assets 83,948 83,971  Accrued income and other assets 288,575 227,990  Total assets $ 7,316,411 $ 6,622,776  LIABILITIES Deposits: Noninterest-bearing demand $ 1,636,684 $ 1,216,834  Interest-bearing deposits: Interest-bearing demand 2,059,139 1,677,200  Savings 1,082,848 814,794  Time 1,167,357 1,648,498  Total interest-bearing deposits 4,309,344 4,140,492  Total deposits 5,946,028 5,357,326  Short-term borrowings: Federal funds purchased and securities sold under agreements to repurchase 143,564 120,459  Other short-term borrowings 7,077 25,434  Total short-term borrowings 150,641 145,893  Long-term debt and mandatorily redeemable securities 81,864 71,639  Subordinated notes 58,764 58,764  Accrued expenses and other liabilities 148,444 140,518  Total liabilities 6,385,741 5,774,140  SHAREHOLDERS’ EQUITY Preferred stock; no par value Authorized 10,000,000 shares; none issued or outstanding —  —  Common stock; no par value Authorized 40,000,000 shares; issued 28,205,674 shares at December 31, 2020 and 2019 436,538 436,538  Retained earnings 514,176 463,269  Cost of common stock in treasury (2,816,557 shares at December 31, 2020 and 2,696,200 shares at December 31, 2019) (82,240) (76,702) Accumulated other comprehensive income 18,371 5,172  Total shareholders’ equity 886,845 828,277  Noncontrolling interests 43,825 20,359  Total equity 930,670 848,636  Total liabilities and equity $ 7,316,411 $ 6,622,776  The accompanying notes are a part of the consolidated financial statements. 45