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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 78,523 $ 74,457
Short-term investments 478,710 175,470
Total cash and cash equivalents 557,233 249,927
Securities available-for-sale (carried at fair value) 1,239,715  
Securities available-for-sale (carried at fair value)   734,845
Real estate mortgage loans held-for-sale 7,969 11,218
Loans, net of allowance for credit losses* of $73,048 and $61,408 [1] 4,166,405  
Loans, net of allowance for credit losses* of $73,048 and $61,408 [1]   4,587,748
Land, premises and equipment, net 59,998 59,298
Bank owned life insurance 97,224 95,227
Federal Reserve and Federal Home Loan Bank stock 13,772 13,772
Accrued interest receivable 17,780 18,761
Goodwill 4,970 4,970
Other assets 57,850 54,669
Total assets 6,222,916 5,830,435
LIABILITIES    
Noninterest bearing deposits 1,762,021 1,538,331
Interest bearing deposits 3,652,617 3,498,474
Total deposits 5,414,638 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 2,916 5,959
Other liabilities 47,160 44,987
Total liabilities 5,539,714 5,173,251
STOCKHOLDERS’ EQUITY    
Common stock: 90,000,000 shares authorized, no par value 25,762,538 shares issued and 25,289,966 outstanding as of September 30, 2021 25,713,408 shares issued and 25,239,748 outstanding as of December 31, 2020 119,625 114,927
Retained earnings 567,518 529,005
Accumulated other comprehensive income 10,932 27,744
Treasury stock at cost (475,955 shares as of September 30, 2021, 473,660 shares as of December 31, 2020) (14,962) (14,581)
Total stockholders’ equity 683,113 657,095
Noncontrolling interest 89 89
Total equity 683,202 657,184
Total liabilities and equity $ 6,222,916 $ 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.