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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 61,225 $ 70,180
Interest bearing deposits 67,967 4,191
Cash and Cash Equivalents 129,192 74,371
Securities available for sale 731,777 779,347
Securities held to maturity 360,926 374,818
Federal Home Loan Bank and Federal Reserve Bank stock, at cost 18,131 17,653
Loans held for sale, carried at fair value 20,270 26,518
Loans held for sale, carried at lower of cost or fair value 0 20,367
Loans    
Financing receivable, before allowance for credit loss 3,631,114 3,465,352
Allowance for credit losses (53,964) (52,435)
Net Loans 3,577,150 3,412,917
Other real estate and repossessed assets, net 658 455
Property and equipment, net 36,157 35,893
Bank-owned life insurance 54,507 55,204
Capitalized mortgage loan servicing rights, carried at fair value 44,427 42,489
Other intangibles 2,278 2,551
Goodwill 28,300 28,300
Accrued income and other assets 131,791 128,904
Total Assets 5,135,564 4,999,787
Deposits    
Non-interest bearing 1,155,537 1,269,759
Savings and interest-bearing checking 1,929,021 1,973,308
Reciprocal 720,985 602,575
Time 431,249 321,492
Brokered time 250,844 211,935
Total Deposits 4,487,636 4,379,069
Other borrowings 90,015 86,006
Subordinated debt 39,472 39,433
Subordinated debentures 39,694 39,660
Accrued expenses and other liabilities 103,585 108,023
Total Liabilities 4,760,402 4,652,191
Commitments and contingent liabilities
Shareholders’ Equity    
Preferred stock, no par value, 200,000 shares authorized; none issued or outstanding 0 0
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 20,943,694 shares at June 30, 2023 and 21,063,971 shares at December 31, 2022 318,241 320,991
Retained earnings 137,431 119,368
Accumulated other comprehensive loss (80,510) (92,763)
Total Shareholders’ Equity 375,162 347,596
Total Liabilities and Shareholders’ Equity 5,135,564 4,999,787
Commercial    
Loans    
Financing receivable, before allowance for credit loss 1,538,162 1,466,853
Allowance for credit losses (16,284) (13,817)
Mortgage    
Loans    
Financing receivable, before allowance for credit loss 1,441,398 1,368,409
Allowance for credit losses (20,080) (21,633)
Installment    
Loans    
Financing receivable, before allowance for credit loss 651,554 630,090
Allowance for credit losses $ (4,315) $ (4,290)