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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 61,421 $ 61,629
Interest-bearing deposits with banks 181,293 206,686
Cash and cash equivalents 242,714 268,315
Investment securities 617,162 634,884
Equity securities 18,564 15,811
Loans held-for-sale 0 13,772
Loans receivable 8,345,145 8,099,689
Less: Allowance for credit losses - loans 81,974 90,513
Net loans receivable 8,263,171 8,009,176
Investment in restricted stock, at cost 51,457 46,604
Bank premises and equipment, net 30,779 27,800
Accrued interest receivable 49,108 46,062
Bank owned life insurance 237,644 231,328
Right of use operating lease assets 12,007 10,179
Other real estate owned 0 264
Goodwill 208,372 208,372
Core deposit intangibles 5,874 7,312
Other assets 118,751 125,069
Total assets 9,855,603 9,644,948
Deposits:    
Noninterest-bearing 1,259,364 1,501,614
Interest-bearing 6,276,838 5,855,008
Total deposits 7,536,202 7,356,622
Borrowings 933,579 857,622
Subordinated debentures, net of debt issuance costs 79,439 153,255
Operating lease liabilities 13,171 11,397
Other liabilities 76,592 87,301
Total liabilities 8,638,983 8,466,197
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Preferred Stock, no par value; $1,000 per share liquidation preference; Authorized 5,000,000 shares; issued 115,000 shares as of December 31, 2023 and as of December 31, 2022; outstanding 115,000 shares as of December 31, 2023 and as of December 31, 2022 110,927 110,927
Common stock, no par value: Authorized 100,000,000 shares; issued 42,122,948 shares as of December 31, 2023 and 41,942,149 shares as of December 31, 2022; outstanding 38,519,770 shares as of December 31, 2023 and 39,243,123 as of December 31, 2022 586,946 586,946
Additional paid-in capital 33,182 30,126
Retained earnings 590,970 535,915
Treasury stock, at cost 3,603,178 shares as of December 31, 2023 and 2,699,026 shares as of December 31, 2022 (70,296) (52,799)
Accumulated other comprehensive loss (35,109) (32,364)
Total stockholders’ equity 1,216,620 1,178,751
Total liabilities and stockholders’ equity $ 9,855,603 $ 9,644,948