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Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash on hand and in banks $ 55,851 $ 74,295
Interest earning deposits 169,122 29,295
Cash and cash equivalents 224,973 103,590
Fair Value 1,134,353 1,331,443
Investment securities held to maturity, at amortized cost, net (fair value of $662,450 and $673,434, respectively) 739,442 766,396
Total investment securities 1,873,795 2,097,839
Loans receivable 4,335,627 4,050,858
Allowance for credit losses on loans (47,999) (42,986)
Loans receivable, net 4,287,628 4,007,872
Premises and equipment, net 74,899 76,930
Federal Home Loan Bank stock, at cost 4,186 8,916
Bank owned life insurance 125,655 122,059
Accrued interest receivable 19,518 18,547
Prepaid expenses and other assets 318,571 296,181
Other intangible assets, net 4,793 7,227
Goodwill 240,939 240,939
Total assets 7,174,957 6,980,100
LIABILITIES AND STOCKHOLDERS' EQUITY    
Deposits 5,599,872 5,907,420
Deposits held for sale 0 17,420
Total deposits 5,599,872 5,924,840
Borrowings 500,000 0
Junior subordinated debentures 21,765 21,473
Securities sold under agreement to repurchase 0 46,597
Accrued expenses and other liabilities 200,059 189,297
Total liabilities 6,321,696 6,182,207
Stockholders’ equity:    
Preferred stock, no par value, 2,500,000 shares authorized; no shares issued and outstanding, respectively 0 0
Common stock, no par value, 50,000,000 shares authorized; 34,906,233 and 35,106,697 shares issued and outstanding, respectively 549,748 552,397
Retained earnings 375,989 345,346
Accumulated other comprehensive loss, net (72,476) (99,850)
Total stockholders’ equity 853,261 797,893
Total liabilities and stockholders’ equity $ 7,174,957 $ 6,980,100