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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 4,615 $ 6,564
Interest-bearing balances with banks 606,296 391,665
Total cash and cash equivalents 610,911 398,229
Investment securities available-for-sale 374,828 345,275
Equity securities 41,760 41,086
Loans held-for-sale 0 629
Loans receivable 2,171,272 2,317,594
Allowance for credit losses (21,499) (22,124)
Loans receivable, net 2,149,773 2,295,470
Premises and equipment, net 18,838 20,928
Bank-owned life insurance 45,154 44,287
Equity method investments 77,172 75,754
Accrued interest receivable and other assets 100,320 92,224
TOTAL ASSETS 3,418,756 3,313,882
Deposits:    
Noninterest-bearing 989,144 1,197,272
Interest-bearing 2,012,504 1,704,204
Total deposits 3,001,648 2,901,476
Accrued interest payable and other liabilities 35,428 37,917
Repurchase agreements 4,755 4,821
Subordinated debt 73,725 73,540
Senior term loan 0 6,786
Total liabilities 3,115,556 3,024,540
STOCKHOLDERS’ EQUITY    
Common stock - par value $1; 40,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 13,775,978 and 12,927,962 shares issued and outstanding, respectively, as of September 30, 2024 and 13,606,399 and 12,758,383 shares issued and outstanding, respectively, as of December 31, 2023 13,776 13,606
Additional paid-in capital 163,532 160,488
Retained earnings 164,978 160,862
Accumulated other comprehensive loss (22,459) (28,831)
Treasury stock - 848,016 shares as of September 30, 2024 and December 31, 2023, at cost (16,741) (16,741)
Total equity attributable to parent 303,086 289,384
Noncontrolling interest 114 (42)
Total stockholders' equity 303,200 289,342
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,418,756 $ 3,313,882