Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 380,050 $ 304,800
Securities available for sale, at fair value (amortized cost of $994,611 and $1,004,563 as of June 30, 2025 and December 31, 2024, respectively) 918,094 905,798
Loans held for sale, at the lower of cost or fair value 49,611 8,579
Loans receivable, net of allowance for credit losses of $66,756 and $70,147 as of June 30, 2025 and December 31, 2024, respectively 6,239,201 6,181,230
Accrued interest receivable 23,749 22,937
Premises and equipment, net 20,607 21,404
Customers' liability on acceptances 214 1,226
Servicing assets 6,420 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 39,550 44,901
Bank-owned life insurance 56,985 57,168
Prepaid expenses and other assets 100,466 96,009
Total assets 7,862,363 7,677,925
Deposits:    
Noninterest-bearing 2,105,369 2,096,634
Interest-bearing 4,623,753 4,339,142
Total deposits 6,729,122 6,435,776
Accrued interest payable 30,567 34,824
Bank's liability on acceptances 214 1,226
Borrowings 127,500 262,500
Subordinated debentures 130,960 130,638
Accrued expenses and other liabilities 81,166 80,787
Total liabilities 7,099,529 6,945,751
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of June 30, 2025 and December 31, 2024
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 34,294,037 shares (30,176,568 shares outstanding) and 34,151,464 shares (30,195,999 shares outstanding) as of June 30, 2025 and December 31, 2024, respectively 34 34
Additional paid-in capital 592,825 591,069
Accumulated other comprehensive loss, net of tax benefit of $22,092 and $28,576 as of June 30, 2025 and December 31, 2024, respectively (54,511) (70,723)
Retained earnings 367,251 350,869
Less treasury stock; 4,117,469 shares and 3,955,465 shares as of June 30, 2025 and December 31, 2024, respectively (142,765) (139,075)
Total stockholders' equity 762,834 732,174
Total liabilities and stockholders' equity $ 7,862,363 $ 7,677,925