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Consolidated Statements of Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 58,807 $ 54,352
Interest-bearing deposits with banks 240,513 211,184
Cash and cash equivalents 299,320 265,536
Investment securities 675,941 534,507
Equity securities 15,993 13,794
Loans held-for-sale 3,182 250
Loans receivable 7,274,573 6,828,622
Less: Allowance for credit losses - loans 82,739 78,773
Net loans receivable 7,191,834 6,749,849
Investment in restricted stock, at cost 47,287 27,826
Bank premises and equipment, net 28,391 29,032
Accrued interest receivable 34,615 34,152
Bank owned life insurance 228,279 195,731
Right of use operating lease assets 10,809 11,017
Other real estate owned 316 0
Goodwill 208,372 208,372
Core deposit intangibles 8,130 8,997
Other assets 89,037 50,417
Total assets 8,841,506 8,129,480
Deposits:    
Noninterest-bearing 1,712,875 1,617,049
Interest-bearing 4,904,724 4,715,904
Total deposits 6,617,599 6,332,953
Borrowings 874,964 468,193
Subordinated debentures, net 153,103 152,951
Operating lease liabilities 12,116 12,417
Other liabilities 40,577 38,754
Total liabilities 7,698,359 7,005,268
STOCKHOLDERS’ EQUITY    
Preferred Stock, no par value; $1,000 per share liquidation preference; Authorized 5,000,000 shares; issued 115,000 shares as of June 30, 2022 and as of December 31, 2021; outstanding 115,000 shares as of June 30, 2022 and as of December 31, 2021 110,927 110,927
Common stock, no par value: Authorized 100,000,000 shares; issued 42,679,405 shares as of June 30, 2022 and 42,557,264 shares as of December 31, 2021; outstanding 39,243,123 shares as of June 30, 2022 and 39,568,090 as of December 31, 2021 586,946 586,946
Additional paid-in capital 27,536 27,246
Retained earnings 489,640 440,169
Treasury stock, at cost 3,436,282 common shares as of June 30, 2022 and 2,989,174 as of December 31, 2021 (52,799) (39,672)
Accumulated other comprehensive loss (19,103) (1,404)
Total stockholders’ equity 1,143,147 1,124,212
Total liabilities and stockholders’ equity $ 8,841,506 $ 8,129,480