Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

v3.25.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 215,654 $ 304,800
Securities available for sale, at fair value (amortized cost of $972,365 and $1,004,563 as of September 30, 2025 and December 31, 2024, respectively) 904,721 905,798
Loans held for sale, at the lower of cost or fair value 6,512 8,579
Loans receivable, net of allowance for credit losses of $69,781 and $70,147 as of September 30, 2025 and December 31, 2024, respectively 6,458,478 6,181,230
Accrued interest receivable 23,986 22,937
Premises and equipment, net 20,340 21,404
Customers' liability on acceptances 342 1,226
Servicing assets 6,484 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 36,777 44,901
Bank-owned life insurance 56,382 57,168
Prepaid expenses and other assets 99,639 96,009
Total assets 7,856,731 7,677,925
Deposits:    
Noninterest-bearing 2,087,132 2,096,634
Interest-bearing 4,679,507 4,339,142
Total deposits 6,766,639 6,435,776
Accrued interest payable 34,219 34,824
Bank's liability on acceptances 342 1,226
Borrowings 62,500 262,500
Subordinated debentures 130,309 130,638
Accrued expenses and other liabilities 83,172 80,787
Total liabilities 7,077,181 6,945,751
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of September 30, 2025 and December 31, 2024
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 34,293,656 shares (29,975,371 shares outstanding) and 34,151,464 shares (30,195,999 shares outstanding) as of September 30, 2025 and December 31, 2024, respectively 34 34
Additional paid-in capital 593,768 591,069
Accumulated other comprehensive loss, net of tax benefit of $19,624 and $28,576 as of September 30, 2025 and December 31, 2024, respectively (47,959) (70,723)
Retained earnings 381,183 350,869
Less treasury stock; 4,318,285 shares and 3,955,465 shares as of September 30, 2025 and December 31, 2024, respectively (147,476) (139,075)
Total stockholders' equity 779,550 732,174
Total liabilities and stockholders' equity $ 7,856,731 $ 7,677,925