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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 102,136 $ 86,824
Short-term investments 3,452 3,360
Mortgage loans held for sale, at fair value 25,462 20,077
Available for sale debt securities, fair value 970,060 1,000,380
Federal Home Loan Bank stock, at cost 55,512 51,893
Loans:    
Total loans [1] 5,685,232 5,647,706
Less: allowance for credit losses on loans 41,905 41,057
Net loans 5,643,327 5,606,649
Premises and equipment, net 31,914 32,291
Operating lease right-of-use assets 29,216 29,364
Investment in bank-owned life insurance 104,475 103,736
Goodwill 63,909 63,909
Identifiable intangible assets, net 3,503 3,711
Other assets 216,158 200,653
Total assets 7,249,124 7,202,847
Liabilities:    
Noninterest-bearing deposits 648,929 693,746
Interest-bearing deposits 4,698,964 4,654,414
Total deposits 5,347,893 5,348,160
Federal Home Loan Bank advances 1,240,000 1,190,000
Junior subordinated debentures 22,681 22,681
Operating lease liabilities 31,837 32,027
Other liabilities 139,793 137,293
Total liabilities 6,782,204 6,730,161
Commitments and contingencies (Note 16)
Shareholders' Equity:    
Common stock 1,085 1,085
Paid-in capital 126,785 126,150
Retained earnings 503,175 501,917
Accumulated other comprehensive income (loss) (148,913) (141,153)
Treasury stock, at cost (15,212) (15,313)
Total shareholders' equity 466,920 472,686
Total liabilities and shareholders’ equity $ 7,249,124 $ 7,202,847
[1] Includes net unamortized loan origination costs of $13.1 million and $13.0 million, respectively, at March 31, 2024 and December 31, 2023 and net unamortized premiums on loans purchased from and serviced by other financial institutions of $273 thousand and $286 thousand, respectively, at March 31, 2024 and December 31, 2023.