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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 86,824 $ 115,492
Short-term investments 3,360 2,930
Mortgage loans held for sale, at fair value 20,077 8,987
Available for sale debt securities, fair value 1,000,380 993,928
Federal Home Loan Bank stock, at cost 51,893 43,463
Loans:    
Total loans [1] 5,647,706 5,110,139
Less: allowance for credit losses on loans 41,057 38,027
Net loans 5,606,649 5,072,112
Premises and equipment, net 32,291 31,550
Operating lease right-of-use assets 29,364 27,156
Investment in bank-owned life insurance 103,736 102,182
Goodwill 63,909 63,909
Identifiable intangible assets, net 3,711 4,554
Other assets 200,653 193,788
Total assets 7,202,847 6,660,051
Liabilities:    
Noninterest-bearing deposits 693,746 858,953
Interest-bearing deposits 4,654,414 4,160,009
Total deposits 5,348,160 5,018,962
Federal Home Loan Bank advances 1,190,000 980,000
Junior subordinated debentures 22,681 22,681
Operating lease liabilities 32,027 [2] 29,558
Other liabilities 137,293 155,181
Total liabilities 6,730,161 6,206,382
Commitments and contingencies (Note 21)
Shareholders’ Equity:    
Common stock 1,085 1,085
Paid-in capital 126,150 127,056
Retained earnings 501,917 492,043
Accumulated other comprehensive loss (141,153) (157,800)
Treasury stock, at cost (15,313) (8,715)
Total shareholders’ equity 472,686 453,669
Total liabilities and shareholders’ equity $ 7,202,847 $ 6,660,051
[1] Includes net unamortized loan origination costs of $13.0 million and $11.6 million, respectively, at December 31, 2023 and 2022 and net unamortized premiums on loans purchased from and serviced by other financial institutions of $286 thousand and $318 thousand, respectively, at December 31, 2023 and 2022.
[2] Includes short-term operating lease liabilities of $3.1 million.