v3.25.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 484,808 $ 432,151
Available-for-sale debt securities, at fair value (amortized cost of $715,554 in 2025 and $602,493 in 2024, allowance for credit losses of $0 in 2025 and 2024) 705,716 584,155
Held-to-maturity debt securities (fair value of $5,408 in 2025 and $10,735 in 2024, allowance for credit losses of $0 in 2025 and 2024) 5,434 10,778
Equity securities with readily determinable fair value 756 693
Mortgage loans held for sale, at fair value 8,850 8,312
Consumer loans held for sale, at fair value 8,312 5,443
Consumer loans held for sale, at the lower of cost or fair value 19,640 18,632
Loans 5,373,020 5,439,466
Allowance for credit losses (81,760) (91,978)
Loans, net 5,291,260 5,347,488
Federal Home Loan Bank stock, at cost 24,568 24,478
Premises and equipment, net 36,651 32,309
Right-of-use assets 34,327 36,182
Goodwill 40,516 40,516
Other real estate owned 1,054 1,160
Bank owned life insurance 108,738 107,125
Other assets and accrued interest receivable 200,287 197,245
TOTAL ASSETS 6,970,917 6,846,667
Deposits:    
Noninterest-bearing 1,223,016 1,207,764
Interest-bearing 4,094,223 4,002,782
Total deposits 5,317,239 5,210,546
Securities sold under agreements to repurchase and other short-term borrowings 72,103 103,318
Operating lease liabilities 35,335 37,121
Federal Home Loan Bank advances 370,000 395,000
Other liabilities and accrued interest payable 116,134 108,653
Total liabilities 5,910,811 5,854,638
Commitments and contingent liabilities (Footnote 8)
STOCKHOLDERS' EQUITY    
Preferred stock, no par value
Class A Common Stock, no par value, 30,000,000 shares authorized, 17,378,294 shares (2025) and 17,297,878 shares (2024) issued and outstanding; Class B Common Stock, no par value, 5,000,000 shares authorized, 2,148,876 shares (2025) and 2,150,090 shares (2024) issued and outstanding 4,597 4,587
Additional paid in capital 153,733 148,053
Retained earnings 911,337 853,627
Accumulated other comprehensive loss (9,561) (14,238)
Total stockholders' equity 1,060,106 992,029
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,970,917 $ 6,846,667