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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 67,512 $ 80,992
Short-term investments 78,768 49,290
Total cash and cash equivalents 146,280 130,282
Securities available-for-sale, at fair value 975,532 1,185,528
Securities held-to-maturity, at amortized cost (fair value of $102,629 and $111,029, respectively) 129,494 128,242
Real estate mortgage loans held-for-sale 572 357
Loans, net of allowance for credit losses of $72,105 and $72,606 4,798,860 4,637,790
Land, premises and equipment, net 58,512 58,097
Bank owned life insurance 108,758 108,407
Federal Reserve and Federal Home Loan Bank stock 21,420 15,795
Accrued interest receivable 28,994 27,994
Goodwill 4,970 4,970
Other assets 153,452 134,909
Total assets 6,426,844 6,432,371
LIABILITIES    
Noninterest bearing deposits 1,377,650 1,736,761
Interest bearing deposits 4,279,425 3,723,859
Total deposits 5,657,075 5,460,620
Federal Funds purchased 0 22,000
Federal Home Loan Bank advances 90,000 275,000
Total borrowings 90,000 297,000
Accrued interest payable 16,178 3,186
Other liabilities 106,407 102,678
Total liabilities 5,869,660 5,863,484
STOCKHOLDERS’ EQUITY    
Common stock: 90,000,000 shares authorized, no par value 25,896,764 shares issued and 25,430,917 outstanding as of June 30, 2023 25,825,127 shares issued and 25,349,225 outstanding as of December 31, 2022 125,758 127,004
Retained earnings 674,917 646,100
Accumulated other comprehensive income (loss) (228,111) (188,923)
Treasury stock at cost (471,540 shares as of September 30, 2023, 475,902 shares as of December 31, 2022) (15,469) (15,383)
Total stockholders’ equity 557,095 568,798
Noncontrolling interest 89 89
Total equity 557,184 568,887
Total liabilities and equity $ 6,426,844 $ 6,432,371