Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 256,038 $ 302,324
Securities available for sale, at fair value (amortized cost of $978,580 and $967,031 as of March 31, 2024 and December 31, 2023, respectively) 872,190 865,739
Loans held for sale, at the lower of cost or fair value 3,999 12,013
Loans receivable, net of allowance for credit losses of $68,270 and $69,462 as of March 31, 2024 and December 31, 2023, respectively 6,109,570 6,112,972
Accrued interest receivable 23,032 23,371
Premises and equipment, net 21,952 21,959
Customers' liability on acceptances 161 625
Servicing assets 6,890 7,070
Goodwill and other intangible assets, net 11,074 11,099
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385
Income tax assets 35,863 35,226
Bank-owned life insurance 56,639 56,335
Prepaid expenses and other assets 98,253 105,223
Total assets 7,512,046 7,570,341
Deposits:    
Noninterest-bearing 1,933,060 2,003,596
Interest-bearing 4,443,000 4,276,978
Total deposits 6,376,060 6,280,574
Accrued interest payable 38,007 39,306
Bank's liability on acceptances 161 625
Borrowings 172,500 325,000
Subordinated debentures ($136,800 and $136,800 face amount less unamortized discount and debt issuance costs of $6,635 and $6,788 as of March 31, 2024 and December 31, 2023, respectively) 130,165 130,012
Accrued expenses and other liabilities 92,053 92,933
Total liabilities 6,808,946 6,868,450
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of March 31, 2024 and December 31, 2023
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,957,284 shares (30,276,358 shares outstanding) and 33,918,035 shares (30,368,655 shares outstanding) as of March 31, 2024 and December 31, 2023, respectively 34 34
Additional paid-in capital 587,687 586,912
Accumulated other comprehensive loss, net of tax benefit of $31,401 and $29,058 as of March 31, 2024 and December 31, 2023, respectively (76,890) (71,928)
Retained earnings 326,526 319,048
Less treasury stock; 3,680,926 shares and 3,549,380 shares as of March 31, 2024 and December 31, 2023, respectively (134,257) (132,175)
Total stockholders' equity 703,100 701,891
Total liabilities and stockholders' equity $ 7,512,046 $ 7,570,341