v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 97,413 $ 71,733
Short-term investments 212,767 96,472
Total cash and cash equivalents 310,180 168,205
Securities available-for-sale, at fair value 996,957 991,426
Securities held-to-maturity, at amortized cost (fair value of $107,979 and $113,107, respectively) 132,389 131,568
Real estate mortgage loans held-for-sale 1,637 1,700
Loans, net of allowance for credit losses of $66,552 and $85,960 5,160,275 5,031,988
Land, premises and equipment, net 61,449 60,489
Bank owned life insurance 127,399 113,320
Federal Reserve and Federal Home Loan Bank stock 21,420 21,420
Accrued interest receivable 29,109 28,446
Goodwill 4,970 4,970
Other assets 118,516 124,842
Total assets 6,964,301 6,678,374
LIABILITIES    
Noninterest bearing deposits 1,261,740 1,297,456
Interest bearing deposits 4,915,093 4,603,510
Total deposits 6,176,833 5,900,966
Federal Home Loan Bank advance 1,200 0
Other borrowings 5,000 0
Total borrowings 6,200 0
Accrued interest payable 9,996 15,117
Other liabilities 61,285 78,380
Total liabilities 6,254,314 5,994,463
STOCKHOLDERS’ EQUITY    
Common stock: 90,000,000 shares authorized, no par value 26,016,494 shares issued and 25,525,105 outstanding as of June 30, 2025 25,978,831 shares issued and 25,509,592 outstanding as of December 31, 2024 130,664 129,664
Retained earnings 757,739 736,412
Accumulated other comprehensive income (loss) (161,121) (166,500)
Treasury stock at cost (491,389 shares as of June 30, 2025, 469,239 shares as of December 31, 2024) (17,384) (15,754)
Total stockholders’ equity 709,898 683,822
Noncontrolling interest 89 89
Total equity 709,987 683,911
Total liabilities and equity $ 6,964,301 $ 6,678,374