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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 109,432 $ 115,492
Short-term investments 3,577 2,930
Mortgage loans held for sale, at fair value 10,550 8,987
Available for sale debt securities, fair value 958,990 993,928
Federal Home Loan Bank stock, at cost 52,668 43,463
Loans:    
Total loans [1] 5,611,115 5,110,139
Less: allowance for credit losses on loans 40,213 38,027
Net loans 5,570,902 5,072,112
Premises and equipment, net 31,976 31,550
Operating lease right-of-use assets 27,882 27,156
Investment in bank-owned life insurance 103,003 102,182
Goodwill 63,909 63,909
Identifiable intangible assets, net 3,919 4,554
Other assets 246,667 193,788
Total assets 7,183,475 6,660,051
Liabilities:    
Noninterest-bearing deposits 773,261 858,953
Interest-bearing deposits 4,642,302 4,160,009
Total deposits 5,415,563 5,018,962
Federal Home Loan Bank advances 1,120,000 980,000
Junior subordinated debentures 22,681 22,681
Operating lease liabilities 30,554 29,558
Other liabilities 163,273 155,181
Total liabilities 6,752,071 6,206,382
Commitments and contingencies (Note 16)
Shareholders' Equity:    
Common stock 1,085 1,085
Paid-in capital 126,310 127,056
Retained earnings 498,521 492,043
Accumulated other comprehensive income (loss) (178,734) (157,800)
Treasury stock, at cost (15,778) (8,715)
Total shareholders' equity 431,404 453,669
Total liabilities and shareholders’ equity $ 7,183,475 $ 6,660,051
[1] Includes net unamortized loan origination costs of $12.8 million and $11.6 million, respectively, at September 30, 2023 and December 31, 2022 and net unamortized premiums on loans purchased from and serviced by other financial institutions of $296 thousand and $318 thousand, respectively, at September 30, 2023 and December 31, 2022.