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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 76,498 $ 51,830
Short-term investments 128,304 631,410
Total cash and cash equivalents 204,802 683,240
Securities available-for-sale, at fair value 1,192,186 1,398,558
Securities held-to-maturity, at amortized cost (fair value of $103,326 and $0, respectively) 127,820 0
Real estate mortgage loans held-for-sale 1,097 7,470
Loans, net of allowance for credit losses of $67,239 and $67,773 4,422,596 4,220,068
Land, premises and equipment, net 58,486 59,309
Bank owned life insurance 97,702 97,652
Federal Reserve and Federal Home Loan Bank stock 12,840 13,772
Accrued interest receivable 22,822 17,674
Goodwill 4,970 4,970
Other assets 143,085 54,610
Total assets 6,288,406 6,557,323
LIABILITIES    
Noninterest bearing deposits 1,832,328 1,895,481
Interest bearing deposits 3,831,805 3,839,926
Total deposits 5,664,133 5,735,407
Borrowings - Federal Home Loan Bank advances 0 75,000
Accrued interest payable 2,200 2,619
Other liabilities 102,853 39,391
Total liabilities 5,769,186 5,852,417
STOCKHOLDERS’ EQUITY    
Common stock: 90,000,000 shares authorized, no par value 25,816,997 shares issued and 25,345,162 outstanding as of September 30, 2022 25,777,609 shares issued and 25,300,793 outstanding as of December 31, 2021 125,832 120,615
Retained earnings 630,337 583,134
Accumulated other comprehensive income (loss) (221,729) 16,093
Treasury stock at cost (474,993 shares as of September 30, 2022, 476,816 shares as of December 31, 2021) (15,309) (15,025)
Total stockholders’ equity 519,131 704,817
Noncontrolling interest 89 89
Total equity 519,220 704,906
Total liabilities and equity $ 6,288,406 $ 6,557,323