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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 115,492 $ 175,259
Short-term investments 2,930 3,234
Mortgage loans held for sale, at fair value 8,987 40,196
Available for sale debt securities, fair value 993,928 1,042,859
Federal Home Loan Bank stock, at cost 43,463 13,031
Loans:    
Total loans [1] 5,110,139 4,272,925
Less: allowance for credit losses on loans 38,027 39,088
Net loans 5,072,112 4,233,837
Premises and equipment, net 31,550 28,908
Operating lease right-of-use assets 27,156 26,692
Investment in bank-owned life insurance 102,182 92,592
Goodwill 63,909 63,909
Identifiable intangible assets, net 4,554 5,414
Other assets 193,788 125,196
Total assets 6,660,051 5,851,127
Liabilities:    
Noninterest-bearing deposits 858,953 945,229
Interest-bearing deposits 4,160,009 4,034,822
Total deposits 5,018,962 4,980,051
Federal Home Loan Bank advances 980,000 145,000
Junior subordinated debentures 22,681 22,681
Operating lease liabilities 29,558 [2] 29,010
Other liabilities 155,181 109,577
Total liabilities 6,206,382 5,286,319
Commitments and contingencies (Note 21)
Shareholders’ Equity:    
Common stock 1,085 1,085
Paid-in capital 127,056 126,511
Retained earnings 492,043 458,310
Accumulated other comprehensive loss (157,800) (19,981)
Treasury stock, at cost (8,715) (1,117)
Total shareholders’ equity 453,669 564,808
Total liabilities and shareholders’ equity $ 6,660,051 $ 5,851,127
[1] Includes net unamortized loan origination costs of $11.6 million and $6.7 million, respectively, at December 31, 2022 and 2021 and net unamortized premiums on loans purchased from and serviced by other financial institutions of $318 thousand and $414 thousand, respectively, at December 31, 2022 and 2021.
[2] Includes short-term operating lease liabilities of $3.3 million.