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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 6,564 $ 5,290
Interest-bearing balances with banks 391,665 34,990
Total cash and cash equivalents 398,229 40,280
Investment securities available-for-sale 345,275 379,814
Equity securities 41,086 38,744
Loans held-for-sale 629 23,126
Loans receivable 2,317,594 2,372,645
Allowance for credit losses (22,124) (23,837)
Loans receivable, net 2,295,470 2,348,808
Premises and equipment, net 20,928 23,630
Bank-owned life insurance 44,287 43,239
Equity method investments 75,754 76,223
Accrued interest receivable and other assets 89,386 87,833
Assets from discontinued operations 0 4,315
Goodwill 2,838 2,838
TOTAL ASSETS 3,313,882 3,068,850
Deposits:    
Noninterest-bearing 1,197,272 1,231,544
Interest-bearing 1,704,204 1,338,938
Total deposits 2,901,476 2,570,482
Accrued interest payable and other liabilities 37,917 36,112
Repurchase agreements 4,821 10,037
FHLB and other borrowings 0 102,333
Subordinated debt 73,540 73,286
Senior term loan 6,786 9,765
Liabilities from discontinued operations 0 5,444
Total liabilities 3,024,540 2,807,459
STOCKHOLDERS’ EQUITY    
Common stock - par value $1; 40,000,000 shares authorized; 13,606,399 and 12,758,383 shares issued and outstanding, respectively, as of December 31, 2023 and 13,466,281 and 12,618,265 shares issued and outstanding, respectively, as of December 31, 2022 13,606 13,466
Additional paid-in capital 160,488 157,152
Retained earnings 160,862 144,911
Accumulated other comprehensive loss (28,831) (37,704)
Treasury stock - 848,016 shares as of December 31, 2023 and December 31, 2022, at cost (16,741) (16,741)
Total equity attributable to parent 289,384 261,084
Noncontrolling interest (42) 307
Total stockholders' equity 289,342 261,391
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,313,882 $ 3,068,850