XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 130,066 $ 175,259
Short-term investments 2,773 3,234
Mortgage loans held for sale, at fair value 24,054 40,196
Available for sale debt securities, fair value 982,573 1,042,859
Federal Home Loan Bank stock, at cost 32,940 13,031
Loans:    
Total loans [1] 4,848,873 4,272,925
Less: allowance for credit losses on loans 36,863 39,088
Net loans 4,812,010 4,233,837
Premises and equipment, net 30,152 28,908
Operating lease right-of-use assets 27,788 26,692
Investment in bank-owned life insurance 101,491 92,592
Goodwill 63,909 63,909
Identifiable intangible assets, net 4,766 5,414
Other assets 195,529 125,196
Total assets 6,408,051 5,851,127
Liabilities:    
Noninterest-bearing deposits 938,572 945,229
Interest-bearing deposits 4,131,285 4,034,822
Total deposits 5,069,857 4,980,051
Federal Home Loan Bank advances 700,000 145,000
Junior subordinated debentures 22,681 22,681
Operating lease liabilities 30,189 29,010
Other liabilities 153,050 109,577
Total liabilities 5,975,777 5,286,319
Commitments and contingencies (Note 17)
Shareholders' Equity:    
Common stock 1,085 1,085
Paid-in capital 127,055 126,511
Retained earnings 485,163 458,310
Accumulated other comprehensive income (loss) (171,755) (19,981)
Treasury stock, at cost (9,274) (1,117)
Total shareholders' equity 432,274 564,808
Total liabilities and shareholders’ equity $ 6,408,051 $ 5,851,127
[1] Includes net unamortized loan origination costs of $10.7 million and $6.7 million, respectively, at September 30, 2022 and December 31, 2021 and net unamortized premiums on purchased loans of $329 thousand and $414 thousand, respectively, at September 30, 2022 and December 31, 2021.