Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.23.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 386,201 $ 352,421
Securities available for sale, at fair value (amortized cost of $990,052 and $978,796 as of March 31, 2023 and December 31, 2022, respectively) 878,701 853,838
Loans held for sale, at the lower of cost or fair value 3,652 8,043
Loans receivable, net of allowance for credit losses of $72,249 and $71,523 as of March 31, 2023 and December 31, 2022, respectively 5,908,209 5,895,610
Accrued interest receivable 19,004 18,537
Premises and equipment, net 22,625 22,850
Customers' liability on acceptances 41 328
Servicing assets 7,541 7,176
Goodwill and other intangible assets, net 11,193 11,225
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385
Income tax assets 39,658 51,924
Bank-owned life insurance 55,814 55,544
Prepaid expenses and other assets 85,106 84,381
Total assets 7,434,130 7,378,262
Deposits:    
Noninterest-bearing 2,334,083 2,539,602
Interest-bearing 3,866,955 3,628,470
Total deposits 6,201,038 6,168,072
Accrued interest payable 20,512 7,792
Bank's liability on acceptances 41 328
Borrowings 350,000 350,000
Subordinated debentures ($136,800 and $136,800 face amount less unamortized discount and debt issuance costs of $7,242 and $7,391 as of March 31, 2023 and December 31, 2022, respectively) 129,558 129,409
Accrued expenses and other liabilities 70,816 85,146
Total liabilities 6,771,965 6,740,747
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of March 31, 2023 and December 31, 2022
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,827,801 shares (30,555,287 shares outstanding) and 33,708,234 shares (30,485,621 shares outstanding) as of March 31, 2023 and December 31, 2022, respectively 33 33
Additional paid-in capital 584,884 583,410
Accumulated other comprehensive loss, net of tax benefit of $32,292 and $35,973 as of March 31, 2023 and December 31, 2022, respectively (79,059) (88,985)
Retained earnings 283,910 269,542
Less treasury stock; 3,272,514 shares and 3,222,613 shares as of March 31, 2023 and December 31, 2022, respectively (127,603) (126,485)
Total stockholders' equity 662,165 637,515
Total liabilities and stockholders' equity $ 7,434,130 $ 7,378,262