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Consolidated Statements of Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 56,286 $ 61,629
Interest-bearing deposits with banks 263,638 206,686
Cash and cash equivalents 319,924 268,315
Investment securities 612,819 634,884
Equity securities 17,950 15,811
Loans held-for-sale 1,089 13,772
Loans receivable 8,148,540 8,099,689
Less: Allowance for credit losses - loans 89,205 90,513
Net loans receivable 8,059,335 8,009,176
Investment in restricted stock, at cost 46,688 46,604
Bank premises and equipment, net 29,093 27,800
Accrued interest receivable 46,237 46,062
Bank owned life insurance 234,412 231,328
Right of use operating lease assets 8,874 10,179
Other real estate owned 0 264
Goodwill 208,372 208,372
Core deposit intangibles 6,569 7,312
Other assets 132,601 125,069
Total assets 9,723,963 9,644,948
Deposits:    
Noninterest-bearing 1,356,293 1,501,614
Interest-bearing 6,182,004 5,855,008
Total deposits 7,538,297 7,356,622
Borrowings 827,601 857,622
Subordinated debentures, net 79,187 153,255
Operating lease liabilities 10,007 11,397
Other liabilities 69,474 87,301
Total liabilities 8,524,566 8,466,197
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 June 30, 2023 and as of December 31, 2022; outstanding 115,000 shares as of June 30, 2023 and as of December 31, 2022 110,927 110,927
Common stock, no par value: Authorized 100,000,000 shares; issued 42,120,841 shares as of June 30, 2023 and 41,942,149 shares as of December 31, 2022; outstanding 38,936,652 shares as of June 30, 2023 and 39,243,123 as of December 31, 2022 586,946 586,946
Additional paid-in capital 30,740 30,126
Retained earnings 566,498 535,915
Treasury stock, at cost 3,184,189 common shares as of June 30, 2023 and 2,699,026 as of December 31, 2022 (61,877) (52,799)
Accumulated other comprehensive loss (33,837) (32,364)
Total stockholders’ equity 1,199,397 1,178,751
Total liabilities and stockholders’ equity $ 9,723,963 $ 9,644,948