Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 217,237 $ 608,965
Securities available for sale, at fair value (amortized cost of $955,318 and $922,654 as of June 30, 2022 and December 31, 2021, respectively) 860,221 910,790
Loans held for sale, at the lower of cost or fair value 18,528 13,342
Loans receivable, net of allowance for credit losses of $73,067 and $72,557 as of June 30, 2022 and December 31, 2021, respectively 5,582,335 5,078,984
Accrued interest receivable 14,044 11,976
Premises and equipment, net 24,207 24,788
Customers' liability on acceptances 616  
Servicing assets 7,353 7,080
Goodwill and other intangible assets, net 11,310 11,395
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385
Income tax assets 61,871 44,060
Bank-owned life insurance 55,395 54,905
Prepaid expenses and other assets 86,466 75,917
Total assets 6,955,968 6,858,587
Deposits:    
Noninterest-bearing 2,782,737 2,574,517
Interest-bearing 3,196,653 3,211,752
Total deposits 5,979,390 5,786,269
Accrued interest payable 986 1,161
Bank's liability on acceptances 616  
Borrowings 145,000 137,500
Subordinated debentures ($136,800 and $224,100 face amount less unamortized discount and debt issuance costs of $7,687 and $9,094 as of June 30, 2022 and December 31, 2021, respectively) 129,113 215,006
Accrued expenses and other liabilities 82,567 75,234
Total liabilities 6,337,672 6,215,170
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of June 30, 2022 and December 31, 2021
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,701,784 shares (30,482,990 shares outstanding) and 33,603,839 shares (30,407,261 shares outstanding) as of June 30, 2022 and December 31, 2021, respectively 33 33
Additional paid-in capital 582,018 580,796
Accumulated other comprehensive income (loss), net of tax benefit of $28,529 and $3,421 as of June 30, 2022 and December 31, 2021, respectively (66,568) (8,443)
Retained earnings 229,135 196,784
Less treasury stock; 3,218,794 shares and 3,196,578 shares as of June 30, 2022 and December 31, 2021, respectively (126,322) (125,753)
Total stockholders' equity 618,296 643,417
Total liabilities and stockholders' equity $ 6,955,968 $ 6,858,587