Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 289,006 $ 352,421
Securities available for sale, at fair value (amortized cost of $957,272 and $978,796 as of September 30, 2023 and December 31, 2022, respectively) 817,242 853,838
Loans held for sale, at the lower of cost or fair value 11,767 8,043
Loans receivable, net of allowance for credit losses of $67,313 and $71,523 as of September 30, 2023 and December 31, 2022, respectively 5,953,472 5,895,610
Accrued interest receivable 20,715 18,537
Premises and equipment, net 20,707 22,850
Customers' liability on acceptances 1,386 328
Servicing assets 7,156 7,176
Goodwill and other intangible assets, net 11,131 11,225
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385
Income tax assets 48,039 51,924
Bank-owned life insurance 56,364 55,544
Prepaid expenses and other assets 96,770 84,381
Total assets 7,350,140 7,378,262
Deposits:    
Noninterest-bearing 2,161,238 2,539,602
Interest-bearing 4,098,834 3,628,470
Total deposits 6,260,072 6,168,072
Accrued interest payable 50,286 7,792
Bank's liability on acceptances 1,386 328
Borrowings 162,500 350,000
Subordinated debentures ($136,800 and $136,800 face amount less unamortized discount and debt issuance costs of $6,940 and $7,391 as of September 30, 2023 and December 31, 2022, respectively) 129,860 129,409
Accrued expenses and other liabilities 82,677 85,146
Total liabilities 6,686,781 6,740,747
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of September 30, 2023 and December 31, 2022
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,909,457 shares (30,410,582 shares outstanding) and 33,708,234 shares (30,485,621 shares outstanding) as of September 30, 2023 and December 31, 2022, respectively 34 33
Additional paid-in capital 586,169 583,410
Accumulated other comprehensive loss, net of tax benefit of $40,608 and $35,973 as of September 30, 2023 and December 31, 2022, respectively (99,422) (88,985)
Retained earnings 308,007 269,542
Less treasury stock; 3,498,875 shares and 3,222,613 shares as of September 30, 2023 and December 31, 2022, respectively (131,429) (126,485)
Total stockholders' equity 663,359 637,515
Total liabilities and stockholders' equity $ 7,350,140 $ 7,378,262