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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 103,877 $ 86,824
Short-term investments 3,654 3,360
Mortgage loans held for sale, at fair value 26,116 20,077
Available for sale debt securities, fair value 951,828 1,000,380
Federal Home Loan Bank stock, at cost 66,166 51,893
Loans:    
Total loans [1] 5,629,102 5,647,706
Less: allowance for credit losses on loans 42,378 41,057
Net loans 5,586,724 5,606,649
Premises and equipment, net 31,866 32,291
Operating lease right-of-use assets 28,387 29,364
Investment in bank-owned life insurance 105,228 103,736
Goodwill 63,909 63,909
Identifiable intangible assets, net 3,295 3,711
Other assets 213,310 200,653
Total assets 7,184,360 7,202,847
Liabilities:    
Noninterest-bearing deposits 645,661 693,746
Interest-bearing deposits 4,330,465 4,654,414
Total deposits 4,976,126 5,348,160
Federal Home Loan Bank advances 1,550,000 1,190,000
Junior subordinated debentures 22,681 22,681
Operating lease liabilities 31,012 32,027
Other liabilities 133,584 137,293
Total liabilities 6,713,403 6,730,161
Commitments and contingencies (Note 16)
Shareholders' Equity:    
Common stock 1,085 1,085
Paid-in capital 125,898 126,150
Retained earnings 504,350 501,917
Accumulated other comprehensive income (loss) (146,326) (141,153)
Treasury stock, at cost (14,050) (15,313)
Total shareholders' equity 470,957 472,686
Total liabilities and shareholders’ equity $ 7,184,360 $ 7,202,847
[1] Includes net unamortized loan origination costs of $13.3 million and $13.0 million, respectively, at June 30, 2024 and December 31, 2023 and net unamortized premiums on loans purchased from and serviced by other financial institutions of $262 thousand and $286 thousand, respectively, at June 30, 2024 and December 31, 2023.