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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 42,532 $ 47,434
Interest-earning deposits in financial institutions 241,197 181,462
Total cash and cash equivalents 283,729 228,896
Securities held-to-maturity, at amortized cost (fair value of $267,045 and $262,460 at June 30, 2023 and December 31, 2022) 328,405 328,641
Securities available-for-sale, at fair value (amortized cost of $977,249 and $909,563 at June 30, 2023 and December 31, 2022; allowance for credit losses of $1,036 and $0 at June 30, 2023 and December 31, 2022) 922,091 868,297
Loans receivable 7,156,206 7,115,038
Allowance for loan losses (80,883) (85,960)
Loans receivable, net 7,075,323 7,029,078
Federal Home Loan Bank and other bank stock, at cost 60,281 57,092
Premises and equipment, net 108,235 107,345
Bank owned life insurance 128,973 127,122
Deferred income taxes, net 64,001 50,518
Goodwill 114,312 114,312
Other intangibles 6,603 7,526
Other assets 278,312 278,189
Total assets 9,370,265 9,197,016
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Noninterest-bearing deposits 2,446,693 2,809,328
Interest-bearing deposits 4,424,383 4,311,593
Total deposits 6,871,076 7,120,921
Federal Home Loan Bank (FHLB) advances, net and Federal Reserve Bank (FRB) borrowings 1,147,997 727,348
Long-term debt, net 274,121 274,906
Accrued expenses and other liabilities 120,017 114,223
Total liabilities 8,413,211 8,237,398
Commitments and contingent liabilities
Additional paid-in capital 867,994 866,478
Retained earnings 275,430 248,988
Treasury stock, at cost (8,383,337 and 6,623,846 shares at June 30, 2023 and December 31, 2022) (137,270) (115,907)
Accumulated other comprehensive loss, net (49,758) (40,597)
Total stockholders’ equity 957,054 959,618
Total liabilities and stockholders’ equity 9,370,265 9,197,016
Common Stock    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Common stock 653 651
Class B Common Stock    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Common stock $ 5 $ 5