XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 61,629 $ 54,352
Interest-bearing deposits with banks 206,686 211,184
Cash and cash equivalents 268,315 265,536
Investment securities 634,884 534,507
Equity securities 15,811 13,794
Loans held-for-sale 13,772 250
Loans receivable 8,099,689 6,828,622
Less: Allowance for credit losses - loans 90,513 78,773
Net loans receivable 8,009,176 6,749,849
Investment in restricted stock, at cost 46,604 27,826
Bank premises and equipment, net 27,800 29,032
Accrued interest receivable 46,062 34,152
Bank owned life insurance 231,328 195,731
Right of use operating lease assets 10,179 11,017
Other real estate owned 264 0
Goodwill 208,372 208,372
Core deposit intangibles 7,312 8,997
Other assets 125,069 50,417
Total assets 9,644,948 8,129,480
Deposits:    
Noninterest-bearing 1,501,614 1,617,049
Interest-bearing 5,855,008 4,715,904
Total deposits 7,356,622 6,332,953
Borrowings 857,622 468,193
Subordinated debentures, net of debt issuance costs 153,255 152,951
Operating lease liabilities 11,397 12,417
Other liabilities 87,301 38,754
Total liabilities 8,466,197 7,005,268
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Preferred Stock, no par value; $1,000 per share liquidation preference; Authorized 5,000,000 shares; issued 115,000 shares as of December 31, 2022 and as of December 31, 2021; outstanding 115,000 shares as of December 31, 2022 and as of December 31, 2021 110,927 110,927
Authorized 100,000,000 shares; issued 41,942,149 shares as of December 31, 2022 and 41,820,008 shares as of December 31, 2021; outstanding 39,243,123 shares as of December 31, 2022 and 39,568,090 as of December 31, 2021 586,946 586,946
Additional paid-in capital 30,126 27,246
Retained earnings 535,915 440,169
Treasury stock, at cost 2,699,026 shares as of December 31, 2022 and 2,251,918 shares as of December 31, 2021 (52,799) (39,672)
Accumulated other comprehensive loss (32,364) (1,404)
Total stockholders’ equity 1,178,751 1,124,212
Total liabilities and stockholders’ equity $ 9,644,948 $ 8,129,480