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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 71,669 $ 51,830
Short-term investments 403,355 631,410
Total cash and cash equivalents 475,024 683,240
Securities available-for-sale (carried at fair value) 1,522,535 1,398,558
Real estate mortgage loans held-for-sale 2,234 7,470
Loans, net of allowance for credit losses of $67,526 and $67,773 4,286,188 4,220,068
Land, premises and equipment, net 58,883 59,309
Bank owned life insurance 97,722 97,652
Federal Reserve and Federal Home Loan Bank stock 12,840 13,772
Accrued interest receivable 19,448 17,674
Goodwill 4,970 4,970
Other assets 92,415 54,610
Total assets 6,572,259 6,557,323
LIABILITIES    
Noninterest bearing deposits 1,880,418 1,895,481
Interest bearing deposits 3,940,205 3,839,926
Total deposits 5,820,623 5,735,407
Borrowings - Federal Home Loan Bank advances 75,000 75,000
Accrued interest payable 2,303 2,619
Other liabilities 65,231 39,391
Total liabilities 5,963,157 5,852,417
STOCKHOLDERS’ EQUITY    
Common stock: 90,000,000 shares authorized, no par value 25,816,997 shares issued and 25,346,149 outstanding as of March 31, 2022, 25,777,609 shares issued and 25,300,793 outstanding as of December 31, 2021 121,138 120,615
Retained earnings 596,578 583,134
Accumulated other comprehensive income (loss) (93,687) 16,093
Treasury stock at cost (470,848 shares as of March 31, 2022, 476,816 shares as of December 31, 2021) (15,016) (15,025)
Total stockholders’ equity 609,013 704,817
Noncontrolling interest 89 89
Total equity 609,102 704,906
Total liabilities and equity $ 6,572,259 $ 6,557,323