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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 55,533 $ 70,451
Short-term investments 92,154 81,373
Total cash and cash equivalents 147,687 151,824
Securities available-for-sale, at fair value 1,014,481 1,051,728
Securities held-to-maturity, at amortized cost (fair value of $115,467 and $119,215, respectively) 130,335 129,918
Real estate mortgage loans held-for-sale 1,659 1,158
Loans, net of allowance for credit losses of $73,180 and $71,972 4,924,379 4,844,562
Land, premises and equipment, net 57,890 57,899
Bank owned life insurance 110,067 109,114
Federal Reserve and Federal Home Loan Bank stock 21,420 21,420
Accrued interest receivable 30,793 30,011
Goodwill 4,970 4,970
Other assets 123,180 121,425
Total assets 6,566,861 6,524,029
LIABILITIES    
Noninterest bearing deposits 1,254,200 1,353,477
Interest bearing deposits 4,363,885 4,367,048
Total deposits 5,618,085 5,720,525
Federal Home Loan Bank advances 200,000 50,000
Accrued interest payable 14,524 20,893
Other liabilities 87,243 82,818
Total liabilities 5,919,852 5,874,236
STOCKHOLDERS’ EQUITY    
Common stock: 0 shares authorized, no par value 0 shares issued and 0 outstanding as of March 31, 2024 25,903,686 shares issued and 25,430,566 outstanding as of December 31, 2023 125,873 127,692
Retained earnings 703,330 692,760
Accumulated other comprehensive income (loss) (166,913) (155,195)
Treasury stock at cost (463,075 shares as of March 31, 2024, 473,120 shares as of December 31, 2023) (15,370) (15,553)
Total stockholders’ equity 646,920 649,704
Noncontrolling interest 89 89
Total equity 647,009 649,793
Total liabilities and equity $ 6,566,861 $ 6,524,029