v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST INCOME:        
Loans receivable $ 178,389 $ 175,373 $ 352,092 $ 344,050
Mortgage-backed securities 14,053 15,416 28,369 31,160
Securities and cash equivalents 10,244 9,470 20,043 18,917
Interest and Dividend Income, Operating, Total 202,686 200,259 400,504 394,127
INTEREST EXPENSE:        
Deposits 45,554 49,316 91,232 98,053
FHLB advances 1,426 3,370 1,466 4,230
Other borrowings 732 675 1,429 1,369
Subordinated debt 1,234 2,499 2,468 4,993
Interest Expense, Operating (48,946) (55,860) (96,595) (108,645)
Net interest income 153,740 144,399 303,909 285,482
PROVISION FOR CREDIT LOSSES 3,818 4,795 3,022 7,934
Net interest income after provision (recapture) for credit losses 149,922 139,604 300,887 277,548
NON-INTEREST INCOME:        
Deposit fees and other service charges 11,728 10,835 23,119 21,604
Mortgage banking operations 2,792 3,226 6,004 6,329
BOLI 2,471 2,384 4,783 4,959
Miscellaneous 1,380 1,221 3,206 3,567
Other operating income 18,371 17,666 37,112 36,459
Net gain (loss) on sale of securities 8 (3) (1,234) (3)
Net change in valuation of financial instruments carried at fair value (157) 88 1,505 403
Total non-interest income 18,222 17,751 37,383 36,859
NON-INTEREST EXPENSE:        
Salary and employee benefits 69,388 65,486 137,120 130,343
Less capitalized loan origination costs (5,283) (4,924) (9,169) (8,254)
Occupancy and equipment 10,936 12,256 21,633 24,353
Information and computer data services 10,322 8,199 18,635 15,827
Payment and card processing services 6,218 5,899 12,259 11,649
Professional and legal expenses 2,719 2,271 4,332 4,701
Advertising and marketing 1,982 1,087 2,655 1,677
Deposit insurance 2,819 2,800 5,536 5,597
State and municipal business and use taxes 1,773 1,416 3,593 2,870
Real estate operations, net 165 392 274 331
Amortization of core deposit intangibles 256 455 512 911
Miscellaneous 6,695 6,011 13,218 12,602
Total non-interest expense 107,990 101,348 210,598 202,607
Income before provision for income taxes 60,154 56,007 127,672 111,800
PROVISION FOR INCOME TAXES 11,268 10,511 24,070 21,169
NET INCOME $ 48,886 $ 45,496 $ 103,602 $ 90,631
Earnings per common share:        
Basic $ 1.44 $ 1.31 $ 3.04 $ 2.62
Diluted 1.43 1.31 3.03 2.61
Cumulative dividends declared per common share $ 0.52 $ 0.48 $ 1.02 $ 0.96
Weighted average number of common shares outstanding, Basic 34,012,611 34,627,433 34,025,849 34,568,948
Weighted average number of common shares outstanding, Diluted 34,129,173 34,738,948 34,197,096 34,761,044