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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 72,386 $ 51,830
Short-term investments 97,129 631,410
Total cash and cash equivalents 169,515 683,240
Securities available-for-sale, at fair value 1,300,580 1,398,558
Securities held-to-maturity, at amortized cost (fair value of $113,350 and $0, respectively) 127,411 0
Real estate mortgage loans held-for-sale 2,646 7,470
Loans, net of allowance for credit losses of $67,523 and $67,773 4,357,176 4,220,068
Land, premises and equipment, net 58,601 59,309
Bank owned life insurance 97,599 97,652
Federal Reserve and Federal Home Loan Bank stock 12,840 13,772
Accrued interest receivable 20,733 17,674
Goodwill 4,970 4,970
Other assets 113,016 54,610
Total assets 6,265,087 6,557,323
LIABILITIES    
Noninterest bearing deposits 1,797,614 1,895,481
Interest bearing deposits 3,823,970 3,839,926
Total deposits 5,621,584 5,735,407
Borrowings - Federal Home Loan Bank advances 0 75,000
Accrued interest payable 1,948 2,619
Other liabilities 79,492 39,391
Total liabilities 5,703,024 5,852,417
STOCKHOLDERS’ EQUITY    
Common stock: 90,000,000 shares authorized, no par value 25,816,997 shares issued and 25,346,149 outstanding as of March 31, 2022, 25,777,609 shares issued and 25,300,793 outstanding as of December 31, 2021 123,571 120,615
Retained earnings 612,026 583,134
Accumulated other comprehensive income (loss) (158,534) 16,093
Treasury stock at cost (471,835 shares as of June 30, 2022, 476,816 shares as of December 31, 2021) (15,089) (15,025)
Total stockholders’ equity 561,974 704,817
Noncontrolling interest 89 89
Total equity 562,063 704,906
Total liabilities and equity $ 6,265,087 $ 6,557,323