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, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 344,907 $ 352,421
Securities available for sale, at fair value (amortized cost of $955,860 and $978,796 as of June 30, 2023 and December 31, 2022, respectively) 836,650 853,838
Loans held for sale, at the lower of cost or fair value 7,293 8,043
Loans receivable, net of allowance for credit losses of $71,024 and $71,523 as of June 30, 2023 and December 31, 2022, respectively 5,894,147 5,895,610
Accrued interest receivable 18,163 18,537
Premises and equipment, net 22,849 22,850
Customers' liability on acceptances 1,688 328
Servicing assets 7,352 7,176
Goodwill and other intangible assets, net 11,162 11,225
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385
Income tax assets 43,431 51,924
Bank-owned life insurance 56,085 55,544
Prepaid expenses and other assets 84,812 84,381
Total assets 7,344,924 7,378,262
Deposits:    
Noninterest-bearing 2,206,078 2,539,602
Interest-bearing 4,109,690 3,628,470
Total deposits 6,315,768 6,168,072
Accrued interest payable 34,621 7,792
Bank's liability on acceptances 1,688 328
Borrowings 125,000 350,000
Subordinated debentures ($136,800 and $136,800 face amount less unamortized discount and debt issuance costs of $7,092 and $7,391 as of June 30, 2023 and December 31, 2022, respectively) 129,708 129,409
Accrued expenses and other liabilities 69,579 85,146
Total liabilities 6,676,364 6,740,747
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of June 30, 2023 and December 31, 2022
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,863,421 shares (30,485,788 shares outstanding) and 33,708,234 shares (30,485,621 shares outstanding) as of June 30, 2023 and December 31, 2022, respectively 33 33
Additional paid-in capital 585,391 583,410
Accumulated other comprehensive loss, net of tax benefit of $34,571 and $35,973 as of June 30, 2023 and December 31, 2022, respectively (84,639) (88,985)
Retained earnings 296,901 269,542
Less treasury stock; 3,377,633 shares and 3,222,613 shares as of June 30, 2023 and December 31, 2022, respectively (129,126) (126,485)
Total stockholders' equity 668,560 637,515
Total liabilities and stockholders' equity $ 7,344,924 $ 7,378,262