v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 304,800 $ 302,324
Securities available for sale, at fair value (amortized cost of $1,004,563 and $967,031 as of December 31, 2024 and 2023, respectively) 905,798 865,739
Loans held for sale, at the lower of cost or fair value 8,579 12,013
Loans receivable, net of allowance for credit losses of $70,147 and $69,462 as of December 31, 2024 and 2023, respectively 6,181,230 6,112,972
Accrued interest receivable 22,937 23,371
Premises and equipment, net 21,404 21,959
Customers' liability on acceptances 1,226 625
Servicing assets 6,457 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 44,901 35,226
Bank-owned life insurance 57,168 56,335
Prepaid expenses and other assets 96,009 105,223
Total assets 7,677,925 7,570,341
Deposits:    
Noninterest-bearing 2,096,634 2,003,596
Interest-bearing 4,339,142 4,276,978
Total deposits 6,435,776 6,280,574
Accrued interest payable 34,824 39,306
Bank's liability on acceptances 1,226 625
Borrowings 262,500 325,000
Subordinated debentures ($136,800 and $136,800 face amount less unamortized discount and debt issuance costs of $6,162 and $6,788 as of December 31, 2024 and 2023, respectively) 130,638 130,012
Accrued expenses and other liabilities 80,787 92,933
Total liabilities 6,945,751 6,868,450
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of December 31, 2024 and December 31, 2023
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 34,151,464 shares (30,195,999 shares outstanding) and 33,918,035 shares (30,368,655 shares outstanding) as of December 31, 2024 and 2023, respectively 34 34
Additional paid-in capital 591,069 586,912
Accumulated other comprehensive loss, net of tax benefit of $28,576 and $29,058 as of December 31, 2024 and 2023, respectively (70,723) (71,928)
Retained earnings 350,869 319,048
Less: treasury stock; 3,955,465 shares and 3,549,380 shares as of December 31, 2024 and 2023, respectively (139,075) (132,175)
Total stockholders' equity 732,174 701,891
Total liabilities and stockholders' equity $ 7,677,925 $ 7,570,341

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