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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 60,887 $ 70,451
Short-term investments 60,290 81,373
Total cash and cash equivalents 121,177 151,824
Securities available-for-sale, at fair value 993,057 1,051,728
Securities held-to-maturity, at amortized cost (fair value of $113,997 and $119,215, respectively) 130,746 129,918
Real estate mortgage loans held-for-sale 399 1,158
Loans, net of allowance for credit losses of $80,711 and $71,972 4,971,630 4,844,562
Land, premises and equipment, net 58,793 57,899
Bank owned life insurance 110,985 109,114
Federal Reserve and Federal Home Loan Bank stock 21,420 21,420
Accrued interest receivable 30,681 30,011
Goodwill 4,970 4,970
Other assets 124,949 121,425
Total assets 6,568,807 6,524,029
LIABILITIES    
Noninterest bearing deposits 1,212,989 1,353,477
Interest bearing deposits 4,550,548 4,367,048
Total deposits 5,763,537 5,720,525
Federal Funds purchased 55,000 0
Federal Home Loan Bank advances 0 50,000
Total borrowings 55,000 50,000
Accrued interest payable 15,354 20,893
Other liabilities 80,326 82,818
Total liabilities 5,914,217 5,874,236
STOCKHOLDERS’ EQUITY    
Common stock: 90,000,000 shares authorized, no par value 25,966,500 shares issued and 25,503,425 outstanding as of June 30, 2024 25,903,686 shares issued and 25,430,566 outstanding as of December 31, 2023 126,871 127,692
Retained earnings 713,541 692,760
Accumulated other comprehensive income (loss) (170,458) (155,195)
Treasury stock at cost (464,423 shares as of June 30, 2024, 473,120 shares as of December 31, 2023) (15,453) (15,553)
Total stockholders’ equity 654,501 649,704
Noncontrolling interest 89 89
Total equity 654,590 649,793
Total liabilities and equity $ 6,568,807 $ 6,524,029