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Consolidated Statements of Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 45,322 $ 61,421
Interest-bearing deposits with banks 232,261 181,293
Cash and cash equivalents 277,583 242,714
Investment securities 619,397 617,162
Equity securities 19,457 18,564
Loans receivable 8,297,957 8,345,145
Less: Allowance for credit losses - loans 82,869 81,974
Net loans receivable 8,215,088 8,263,171
Investment in restricted stock, at cost 48,931 51,457
Bank premises and equipment, net 29,827 30,779
Accrued interest receivable 49,731 49,108
Bank owned life insurance 239,308 237,644
Right of use operating lease assets 11,725 12,007
Goodwill 208,372 208,372
Core deposit intangibles 5,553 5,874
Other assets 128,992 118,751
Total assets 9,853,964 9,855,603
Deposits:    
Noninterest-bearing 1,290,523 1,259,364
Interest-bearing 6,298,131 6,276,838
Total deposits 7,588,654 7,536,202
Borrowings 877,568 933,579
Subordinated debentures, net 79,566 79,439
Operating lease liabilities 12,843 13,171
Other liabilities 78,724 76,592
Total liabilities 8,637,355 8,638,983
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 March 31, 2024 and as of December 31, 2023; outstanding 115,000 shares as of March 31, 2024 and as of December 31, 2023 110,927 110,927
Common stock, no par value: Authorized 100,000,000 shares; issued 42,218,601 shares as of March 31, 2024 and 42,122,948 shares as of December 31, 2023; outstanding 38,333,053 shares as of March 31, 2024 and 38,519,770 as of December 31, 2023 586,946 586,946
Additional paid-in capital 32,866 33,182
Retained earnings 600,118 590,970
Treasury stock, at cost 3,885,548 common shares as of March 31, 2024 and 3,603,178 as of December 31, 2023 (76,116) (70,296)
Accumulated other comprehensive loss (38,132) (35,109)
Total stockholders’ equity 1,216,609 1,216,620
Total liabilities and stockholders’ equity $ 9,853,964 $ 9,855,603