XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 57,412 $ 74,457
Short-term investments 515,398 175,470
Total cash and cash equivalents 572,810 249,927
Securities available-for-sale (carried at fair value) 1,124,235  
Securities available-for-sale (carried at fair value)   734,845
Real estate mortgage loans held-for-sale 7,005 11,218
Loans, net of allowance for credit losses* of $71,713 and $61,408 [1] 4,281,996  
Loans, net of allowance for credit losses* of $71,713 and $61,408 [1]   4,587,748
Land, premises and equipment, net 59,539 59,298
Bank owned life insurance 96,921 95,227
Federal Reserve and Federal Home Loan Bank stock 13,772 13,772
Accrued interest receivable 17,056 18,761
Goodwill 4,970 4,970
Other assets 54,610 54,669
Total assets 6,232,914 5,830,435
LIABILITIES    
Noninterest bearing deposits 1,743,000 1,538,331
Interest bearing deposits 3,651,664 3,498,474
Total deposits 5,394,664 5,036,805
Borrowings    
Federal Home Loan Bank advances 75,000 75,000
Miscellaneous borrowings 0 10,500
Total borrowings 75,000 85,500
Accrued interest payable 3,871 5,959
Other liabilities 81,908 44,987
Total liabilities 5,555,443 5,173,251
STOCKHOLDERS’ EQUITY    
Common stock: 90,000,000 shares authorized, no par value 25,762,538 shares issued and 25,290,908 outstanding as of June 30, 2021 25,713,408 shares issued and 25,239,748 outstanding as of December 31, 2020 117,796 114,927
Retained earnings 552,063 529,005
Accumulated other comprehensive income 22,271 27,744
Treasury stock at cost (472,572 shares as of June 30, 2021, 473,660 shares as of December 31, 2020) (14,748) (14,581)
Total stockholders’ equity 677,382 657,095
Noncontrolling interest 89 89
Total equity 677,471 657,184
Total liabilities and equity $ 6,232,914 $ 5,830,435
[1] Beginning January 1, 2021 calculation is based on the current expected credit loss methodology. Prior to January 1, 2021 calculation was based on the incurred loss methodology.