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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 75,081 $ 80,992
Short-term investments 98,056 49,290
Total cash and cash equivalents 173,137 130,282
Securities available-for-sale, at fair value 1,062,069 1,185,528
Securities held-to-maturity, at amortized cost (fair value of $114,264 and $111,029, respectively) 129,070 128,242
Real estate mortgage loans held-for-sale 1,298 357
Loans, net of allowance for credit losses of $72,058 and $72,606 4,790,202 4,637,790
Land, premises and equipment, net 58,839 58,097
Bank owned life insurance 107,738 108,407
Federal Reserve and Federal Home Loan Bank stock 21,420 15,795
Accrued interest receivable 27,398 27,994
Goodwill 4,970 4,970
Other assets 133,405 134,909
Total assets 6,509,546 6,432,371
LIABILITIES    
Noninterest bearing deposits 1,438,030 1,736,761
Interest bearing deposits 3,985,029 3,723,859
Total deposits 5,423,059 5,460,620
Federal Funds purchased 0 22,000
Federal Home Loan Bank advances 400,000 275,000
Total borrowings 400,000 297,000
Accrued interest payable 9,833 3,186
Other liabilities 84,659 102,678
Total liabilities 5,917,551 5,863,484
STOCKHOLDERS’ EQUITY    
Common stock: 90,000,000 shares authorized, no par value 25,896,764 shares issued and 25,430,917 outstanding as of June 30, 2023 25,825,127 shares issued and 25,349,225 outstanding as of December 31, 2022 123,367 127,004
Retained earnings 661,447 646,100
Accumulated other comprehensive income (loss) (177,645) (188,923)
Treasury stock at cost (467,548 shares as of June 30, 2023, 475,902 shares as of December 31, 2022) (15,263) (15,383)
Total stockholders’ equity 591,906 568,798
Noncontrolling interest 89 89
Total equity 591,995 568,887
Total liabilities and equity $ 6,509,546 $ 6,432,371