XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 49,220 $ 56,006
Interest bearing deposits 81,287 62,699
Cash and Cash Equivalents 130,507 118,705
Securities available for sale 1,247,280 1,072,159
Federal Home Loan Bank and Federal Reserve Bank stock, at cost 18,427 18,427
Loans held for sale, carried at fair value 77,799 92,434
Loans    
Loans 2,784,224  
Allowance for credit losses [1] (46,755)  
Net Loans 2,737,469  
Loans    
Loans [1]   2,733,678
Allowance for credit losses [1]   (35,429)
Net Loans   2,698,249
Other real estate and repossessed assets, net 346 766
Property and equipment, net 36,736 36,127
Bank-owned life insurance 55,318 55,180
Capitalized mortgage loan servicing rights, carried at fair value 23,530 16,904
Other intangibles 4,063 4,306
Goodwill 28,300 28,300
Accrued income and other assets 66,665 62,456
Total Assets 4,426,440 4,204,013
Deposits    
Non-interest bearing 1,301,842 1,153,473
Savings and interest-bearing checking 1,670,106 1,526,465
Reciprocal 608,689 556,185
Time 275,022 287,402
Brokered time 2,916 113,830
Total Deposits 3,858,575 3,637,355
Other borrowings 30,006 30,012
Subordinated debt 39,300 39,281
Subordinated debentures 39,541 39,524
Accrued expenses and other liabilities 71,689 68,319
Total Liabilities 4,039,111 3,814,491
Commitments and contingent liabilities
Shareholders' Equity    
Preferred stock, no par value, 200,000 shares authorized; none issued or outstanding 0 0
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 21,773,734 shares at March 31, 2021 and 21,853,800 shares at December 31, 2020 335,704 339,353
Retained earnings 47,287 40,145
Accumulated other comprehensive income 4,338 10,024
Total Shareholders' Equity 387,329 389,522
Total Liabilities and Shareholders' Equity 4,426,440 4,204,013
Commercial [Member]    
Loans    
Loans 1,301,223  
Allowance for credit losses (9,530)  
Loans    
Loans [1]   1,242,415
Allowance for credit losses [1]   (7,401)
Mortgage [Member]    
Loans    
Loans [2] 999,982  
Allowance for credit losses (18,448)  
Loans    
Loans [1]   1,015,926
Allowance for credit losses [1]   (6,998)
Installment [Member]    
Loans    
Loans [2] 483,019  
Allowance for credit losses $ (3,979)  
Loans    
Loans [1]   475,337
Allowance for credit losses [1]   $ (1,112)
[1] Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.
[2] Credit scores have been updated within the last twelve months.