Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

v3.25.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 329,003 $ 304,800
Securities available for sale, at fair value (amortized cost of $991,234 and $1,004,563 as of March 31, 2025 and December 31, 2024, respectively) 907,011 905,798
Loans held for sale, at the lower of cost or fair value 11,831 8,579
Loans receivable, net of allowance for credit losses of $70,597 and $70,147 as of March 31, 2025 and December 31, 2024, respectively 6,211,592 6,181,230
Accrued interest receivable 23,536 22,937
Premises and equipment, net 20,866 21,404
Customers' liability on acceptances 552 1,226
Servicing assets 6,422 6,457
Goodwill and other intangible assets, net 11,031 11,031
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385
Income tax assets 38,058 44,901
Bank-owned life insurance 57,476 57,168
Prepaid expenses and other assets 95,272 96,009
Total assets 7,729,035 7,677,925
Deposits:    
Noninterest-bearing 2,066,659 2,096,634
Interest-bearing 4,552,816 4,339,142
Total deposits 6,619,475 6,435,776
Accrued interest payable 29,646 34,824
Bank's liability on acceptances 552 1,226
Borrowings 117,500 262,500
Subordinated debentures 130,799 130,638
Accrued expenses and other liabilities 79,578 80,787
Total liabilities 6,977,550 6,945,751
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of March 31, 2025 and December 31, 2024
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 34,265,030 shares (30,233,514 shares outstanding) and 34,151,464 shares (30,195,999 shares outstanding) as of March 31, 2025 and December 31, 2024, respectively 34 34
Additional paid-in capital 591,942 591,069
Accumulated other comprehensive loss, net of tax benefit of $24,320 and $28,576 as of March 31, 2025 and December 31, 2024, respectively (60,002) (70,723)
Retained earnings 360,289 350,869
Less treasury stock; 4,031,516 shares and 3,955,465 shares as of March 31, 2025 and December 31, 2024, respectively (140,778) (139,075)
Total stockholders' equity 751,485 732,174
Total liabilities and stockholders' equity $ 7,729,035 $ 7,677,925