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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 67,342 $ 80,992
Short-term investments 86,179 49,290
Total cash and cash equivalents 153,521 130,282
Securities available-for-sale, at fair value 1,108,281 1,185,528
Securities held-to-maturity, at amortized cost (fair value of $115,533 and $111,029, respectively) 128,651 128,242
Real estate mortgage loans held-for-sale 508 357
Loans, net of allowance for credit losses of $71,215 and $72,606 4,683,713 4,637,790
Land, premises and equipment, net 58,707 58,097
Bank owned life insurance 107,026 108,407
Federal Reserve and Federal Home Loan Bank stock 15,795 15,795
Accrued interest receivable 26,883 27,994
Goodwill 4,970 4,970
Other assets 123,474 134,909
Total assets 6,411,529 6,432,371
LIABILITIES    
Noninterest bearing deposits 1,548,066 1,736,761
Interest bearing deposits 3,969,662 3,723,859
Total deposits 5,517,728 5,460,620
Federal Funds purchased 0 22,000
Federal Home Loan Bank advances 200,000 275,000
Total borrowings 200,000 297,000
Accrued interest payable 5,425 3,186
Other liabilities 86,370 102,678
Total liabilities 5,809,523 5,863,484
STOCKHOLDERS’ EQUITY    
Common stock: 90,000,000 shares authorized, no par value 0 shares issued and 0 outstanding as of March 31, 2023 25,825,127 shares issued and 25,349,225 outstanding as of December 31, 2022 125,840 127,004
Retained earnings 658,629 646,100
Accumulated other comprehensive income (loss) (167,370) (188,923)
Treasury stock at cost (465,847 shares as of March 31, 2023, 475,902 shares as of December 31, 2022) (15,182) (15,383)
Total stockholders’ equity 601,917 568,798
Noncontrolling interest 89 89
Total equity 602,006 568,887
Total liabilities and equity $ 6,411,529 $ 6,432,371