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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 80,992 $ 51,830
Short-term investments 49,290 631,410
Total cash and cash equivalents 130,282 683,240
Securities available-for-sale, at fair value 1,185,528 1,398,558
Securities held-to-maturity, at amortized cost (fair value of $111,029 and $0 respectively) 128,242 0
Real estate mortgage loans held-for-sale 357 7,470
Loans, net of allowance for credit losses of $72,606 and $67,773 4,637,790 4,220,068
Land, premises and equipment, net 58,097 59,309
Bank owned life insurance 108,407 97,652
Federal Reserve and Federal Home Loan Bank Stock 15,795 13,772
Accrued interest receivable 27,994 17,674
Goodwill 4,970 4,970
Other assets 134,909 54,610
Total assets 6,432,371 6,557,323
LIABILITIES    
Noninterest bearing deposits 1,736,761 1,895,481
Interest bearing deposits 3,723,859 3,839,926
Total deposits 5,460,620 5,735,407
Federal Funds purchased 22,000 0
Federal Home Loan Bank advances 275,000 75,000
Total borrowings 297,000 75,000
Accrued interest payable 3,186 2,619
Other liabilities 102,678 39,391
Total liabilities 5,863,484 5,852,417
Commitments, off-balance sheet risks and contingencies (Notes 1 and 17)
STOCKHOLDERS’ EQUITY    
Common stock 127,004 120,615
Retained earnings 646,100 583,134
Accumulated other comprehensive income (loss) (188,923) 16,093
Treasury stock, at cost (475,902 shares and 476,816 shares as of December 31, 2022 and 2021, respectively) (15,383) (15,025)
Total stockholders’ equity 568,798 704,817
Noncontrolling interest 89 89
Total equity 568,887 704,906
Total liabilities and equity $ 6,432,371 $ 6,557,323