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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 51,830 $ 74,457
Short-term investments 631,410 175,470
Total cash and cash equivalents 683,240 249,927
Securities available-for-sale (carried at fair value) 1,398,558 734,845
Real estate mortgage loans held-for-sale 7,470 11,218
Loans, net of allowance for credit losses of $67,773 and $61,408 4,220,068 4,587,748
Land, premises and equipment, net 59,309 59,298
Bank owned life insurance 97,652 95,227
Federal Reserve and Federal Home Loan Bank Stock 13,772 13,772
Accrued interest receivable 17,674 18,761
Goodwill 4,970 4,970
Other assets 54,610 54,669
Total assets 6,557,323 5,830,435
LIABILITIES    
Noninterest bearing deposits 1,895,481 1,538,331
Interest bearing deposits 3,839,926 3,498,474
Total deposits 5,735,407 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 2,619 5,959
Other liabilities 39,391 44,987
Total liabilities 5,852,417 5,173,251
Commitments, off-balance sheet risks and contingencies (Notes 1 and 18)
STOCKHOLDERS’ EQUITY    
Common stock, 90,000,000 shares authorized, no par value, 25,777,609 shares issued and 25,300,793 outstanding as of December 31, 2021 and 25,713,408 shares issued and 25,239,748 outstanding as of December 31, 2020 120,615 114,927
Retained earnings 583,134 529,005
Accumulated other comprehensive income 16,093 27,744
Treasury stock, at cost (476,816 shares and 473,660 shares as of December 31, 2021 and 2020, respectively) (15,025) (14,581)
Total stockholders’ equity 704,817 657,095
Noncontrolling interest 89 89
Total equity 704,906 657,184
Total liabilities and equity $ 6,557,323 $ 5,830,435