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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 70,451 $ 80,992
Short-term investments 81,373 49,290
Total cash and cash equivalents 151,824 130,282
Securities available-for-sale, at fair value 1,051,728 1,185,528
Securities held-to-maturity, at amortized cost (fair value of $119,215 and $111,029 respectively) 129,918 128,242
Real estate mortgage loans held-for-sale 1,158 357
Loans, net of allowance for credit losses of $71,972 and $72,606 4,844,562 4,637,790
Land, premises and equipment, net 57,899 58,097
Bank owned life insurance 109,114 108,407
Federal Reserve and Federal Home Loan Bank Stock 21,420 15,795
Accrued interest receivable 30,011 27,994
Goodwill 4,970 4,970
Other assets 121,425 134,909
Total assets 6,524,029 6,432,371
LIABILITIES    
Noninterest bearing deposits 1,353,477 1,736,761
Interest bearing deposits 4,367,048 3,723,859
Total deposits 5,720,525 5,460,620
Federal Funds purchased 0 22,000
Federal Home Loan Bank advances 50,000 275,000
Total borrowings 50,000 297,000
Accrued interest payable 20,893 3,186
Other liabilities 82,818 102,678
Total liabilities 5,874,236 5,863,484
Commitments, off-balance sheet risks and contingencies (Notes 1 and 17)
STOCKHOLDERS’ EQUITY    
Common stock 127,692 127,004
Retained earnings 692,760 646,100
Accumulated other comprehensive income (loss) (155,195) (188,923)
Treasury stock, at cost (473,120 shares and 475,902 shares as of December 31, 2023 and 2022, respectively) (15,553) (15,383)
Total stockholders’ equity 649,704 568,798
Noncontrolling interest 89 89
Total equity 649,793 568,887
Total liabilities and equity $ 6,524,029 $ 6,432,371