v3.24.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 287,767 $ 302,324
Securities available for sale, at fair value (amortized cost of $987,498 and $967,031 as of September 30, 2024 and December 31, 2023, respectively) 908,921 865,739
Loans held for sale, at the lower of cost or fair value 54,336 12,013
Loans receivable, net of allowance for credit losses of $69,163 and $69,462 as of September 30, 2024 and December 31, 2023, respectively 6,188,581 6,112,972
Accrued interest receivable 21,955 23,371
Premises and equipment, net 21,371 21,959
Customers' liability on acceptances 67 625
Servicing assets 6,683 7,070
Goodwill and other intangible assets, net 11,031 11,099
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385
Income tax assets 36,954 35,226
Bank-owned life insurance 56,851 56,335
Prepaid expenses and other assets 101,397 105,223
Total assets 7,712,299 7,570,341
Deposits:    
Noninterest-bearing 2,051,790 2,003,596
Interest-bearing 4,351,431 4,276,978
Total deposits 6,403,221 6,280,574
Accrued interest payable 52,613 39,306
Bank's liability on acceptances 67 625
Borrowings 300,000 325,000
Subordinated debentures 130,478 130,012
Accrued expenses and other liabilities 89,211 92,933
Total liabilities 6,975,590 6,868,450
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of September 30, 2024 and December 31, 2023
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 34,125,864 shares (30,196,755 shares outstanding) and 33,918,035 shares (30,368,655 shares outstanding) as of September 30, 2024 and December 31, 2023, respectively 34 34
Additional paid-in capital 589,567 586,912
Accumulated other comprehensive loss, net of tax benefit of $22,525 and $29,058 as of September 30, 2024 and December 31, 2023, respectively (55,140) (71,928)
Retained earnings 340,718 319,048
Less treasury stock; 3,929,109 shares and 3,549,380 shares as of September 30, 2024 and December 31, 2023, respectively (138,470) (132,175)
Total stockholders' equity 736,709 701,891
Total liabilities and stockholders' equity $ 7,712,299 $ 7,570,341

Source