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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents due from banks $ 56,031 $ 54,789
Interest-bearing deposits with Federal Reserve 271,943 164,385
Interest-bearing deposits with other financial institutions 3,171 2,872
Total cash and cash equivalents 331,145 222,046
Debt securities available-for-sale, at fair value (amortized cost of $415,744 and $395,803, respectively) 359,900 341,955
Debt securities held-to-maturity, at amortized cost (fair value of $326,322 and $360,570, respectively) 354,569 388,968
Equity securities 9,654 9,301
Loans held for sale 642 675
Loans receivable 4,479,692 4,468,476
Less: allowance for credit losses (45,532) (45,832)
Net loans receivable 4,434,160 4,422,644
FHLB and other restricted stock holdings and investments 39,415 30,011
Premises and equipment, net 79,417 73,700
Operating lease right-of-use assets 35,066 35,699
Bank owned life insurance 116,019 114,468
Mortgage servicing rights 1,449 1,554
Goodwill and other intangibles 43,874 43,874
Core deposit intangible, net 241 280
Accrued interest receivable and other assets 81,020 67,782
Total Assets 5,886,571 5,752,957
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing demand deposits 762,918 728,881
Interest-bearing demand deposits 693,074 803,093
Savings 3,140,505 2,960,282
Certificates of deposit 514,348 506,494
Total deposits 5,110,845 4,998,750
Subordinated debentures 20,620 20,620
Subordinated notes, net of unamortized issuance costs 84,419 84,267
Operating lease liabilities 37,194 37,650
Accrued interest payable and other liabilities 46,793 40,423
Total liabilities 5,299,871 5,181,710
Commitments and contingent liabilities
Preferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; shares authorized 60,375; Shares issued 60,375 at June 30, 2024 and December 31, 2023 57,785 57,785
Common stock, no par value; 50,000,000 shares authorized; Shares issued 21,235,503 at June 30, 2024 and 21,235,503 at December 31, 2023 0 0
Additional paid in capital 218,756 220,495
Retained earnings 361,987 345,935
Treasury stock, at cost (237,386 shares at June 30, 2024 and 339,064 shares December 31, 2023) (4,438) (6,890)
Accumulated other comprehensive loss (47,390) (46,078)
Total shareholders’ equity 586,700 571,247
Total Liabilities and Shareholders’ Equity $ 5,886,571 $ 5,752,957
Common stock, shares issued (in shares) 21,235,503 21,235,503
Syndicated loans    
ASSETS    
Loans receivable $ 53,938 $ 108,710
Loans    
ASSETS    
Loans receivable $ 4,425,754 $ 4,359,766