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UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 737,084 $ 584,467
Money market investments 3,265 6,670
Total cash and cash equivalents 740,349 591,137
Investments:    
Trading securities, at fair value, with amortized cost of $163 (December 31, 2024 - $163) 21 18
Investment securities available-for-sale, at fair value, with amortized cost of $2,597,789 (December 31, 2024 - $2,444,135); no allowance for credit losses 2,566,969 2,338,205
Investment securities held-to-maturity, at amortized cost, with fair value of $262,865 (December 31, 2024 - $267,174); no allowance for credit losses 310,116 327,158
Equity securities 61,906 54,896
Total investments 2,939,012 2,720,277
Loans:    
Loans held-for-sale, at lower of cost or fair value 15,928 17,732
Loans held-for-investment, net of allowance for credit losses of $197,782 (December 31, 2024 - $175,863) 7,919,485 7,616,099
Total loans 7,935,413 7,633,831
Other assets:    
Foreclosed real estate 3,160 4,002
Accrued interest receivable 71,591 71,667
Deferred tax assets, net 7,468 6,248
Premises and equipment, net 100,760 104,512
Customers' liability on acceptances 29,975 31,526
Servicing assets 67,437 70,435
Goodwill 84,241 84,241
Other intangible assets 11,086 14,782
Operating lease right-of-use assets 22,694 19,197
Other assets 216,626 148,879
Total assets 12,229,812 11,500,734
Deposits:    
Demand deposits 5,791,959 5,627,406
Savings accounts 2,208,212 2,064,916
Time deposits 2,008,462 1,912,464
Total deposits 10,008,633 9,604,786
Borrowings:    
Securities sold under agreements to repurchase 100,791 75,222
Advances from the FHLB 456,530 325,952
Total borrowings 557,321 401,174
Other liabilities:    
Acceptances executed and outstanding 29,975 31,526
Operating lease liabilities 24,681 21,388
Deferred tax liabilities, net 50,298 40,718
Accrued expenses and other liabilities 183,487 146,771
Total liabilities 10,854,395 10,246,363
Commitments and contingencies (See Note 19)
Stockholders’ equity:    
Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 44,264,922 shares outstanding (December 31, 2024 - 59,885,234 shares issued; 45,440,269 shares outstanding) 59,885 59,885
Additional paid-in capital 641,350 639,786
Legal surplus 183,614 169,537
Retained earnings 866,826 771,993
Treasury stock, at cost, 15,620,312 shares (December 31, 2024 - 14,444,965 shares) (348,957) (296,991)
Accumulated other comprehensive loss, net of tax of $3,519 (December 31, 2024 - $16,091) (27,301) (89,839)
Total stockholders’ equity 1,375,417 1,254,371
Total liabilities and stockholders’ equity $ 12,229,812 $ 11,500,734