XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 56,170 $ 61,629
Interest-bearing deposits with banks 197,128 206,686
Cash and cash equivalents 253,298 268,315
Investment securities 581,867 634,884
Equity securities 17,677 15,811
Loans held-for-sale 0 13,772
Loans receivable 8,181,109 8,099,689
Less: Allowance for credit losses - loans 88,230 90,513
Net loans receivable 8,092,879 8,009,176
Investment in restricted stock, at cost 49,387 46,604
Bank premises and equipment, net 28,432 27,800
Accrued interest receivable 46,795 46,062
Bank owned life insurance 236,009 231,328
Right of use operating lease assets 11,229 10,179
Other real estate owned 0 264
Goodwill 208,372 208,372
Core deposit intangibles 6,222 7,312
Other assets 146,718 125,069
Total assets 9,678,885 9,644,948
Deposits:    
Noninterest-bearing 1,224,125 1,501,614
Interest-bearing 6,214,370 5,855,008
Total deposits 7,438,495 7,356,622
Borrowings 887,590 857,622
Subordinated debentures, net 79,313 153,255
Operating lease liabilities 12,424 11,397
Other liabilities 72,909 87,301
Total liabilities 8,490,731 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 September 30, 2023 and as of December 31, 2022; outstanding 115,000 shares as of September 30, 2023 and as of December 31, 2022 110,927 110,927
Common stock, no par value: Authorized 100,000,000 shares; issued 42,122,948 shares as of September 30, 2023 and 41,942,149 shares as of December 31, 2022; outstanding 38,621,970 shares as of September 30, 2023 and 39,243,123 as of December 31, 2022 586,946 586,946
Additional paid-in capital 32,027 30,126
Retained earnings 579,776 535,915
Treasury stock, at cost 3,500,978 common shares as of September 30, 2023 and 2,699,026 as of December 31, 2022 (68,108) (52,799)
Accumulated other comprehensive loss (53,414) (32,364)
Total stockholders’ equity 1,188,154 1,178,751
Total liabilities and stockholders’ equity $ 9,678,885 $ 9,644,948