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, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 313,079 $ 302,324
Securities available for sale, at fair value (amortized cost of $985,305 and $967,031 as of June 30, 2024 and December 31, 2023, respectively) 877,638 865,739
Loans held for sale, at the lower of cost or fair value 10,467 12,013
Loans receivable, net of allowance for credit losses of $67,729 and $69,462 as of June 30, 2024 and December 31, 2023, respectively 6,108,630 6,112,972
Accrued interest receivable 23,958 23,371
Premises and equipment, net 21,955 21,959
Customers' liability on acceptances 551 625
Servicing assets 6,836 7,070
Goodwill and other intangible assets, net 11,048 11,099
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385
Income tax assets 42,246 35,226
Bank-owned life insurance 56,534 56,335
Prepaid expenses and other assets 97,020 105,223
Total assets 7,586,347 7,570,341
Deposits:    
Noninterest-bearing 1,959,963 2,003,596
Interest-bearing 4,369,377 4,276,978
Total deposits 6,329,340 6,280,574
Accrued interest payable 47,699 39,306
Bank's liability on acceptances 551 625
Borrowings 292,500 325,000
Subordinated debentures ($136,800 and $136,800 face amount less unamortized discount and debt issuance costs of $6,482 and $6,788 as of June 30, 2024 and December 31, 2023, respectively) 130,318 130,012
Accrued expenses and other liabilities 78,880 92,933
Total liabilities 6,879,288 6,868,450
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of June 30, 2024 and December 31, 2023
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 34,124,910 shares (30,272,110 shares outstanding) and 33,918,035 shares (30,368,655 shares outstanding) as of June 30, 2024 and December 31, 2023, respectively 34 34
Additional paid-in capital 588,647 586,912
Accumulated other comprehensive loss, net of tax benefit of $31,854 and $29,058 as of June 30, 2024 and December 31, 2023, respectively (78,000) (71,928)
Retained earnings 333,392 319,048
Less treasury stock; 3,852,800 shares and 3,549,380 shares as of June 30, 2024 and December 31, 2023, respectively (137,014) (132,175)
Total stockholders' equity 707,059 701,891
Total liabilities and stockholders' equity $ 7,586,347 $ 7,570,341