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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 86,785 $ 70,451
Short-term investments 73,405 81,373
Total cash and cash equivalents 160,190 151,824
Securities available-for-sale, at fair value 1,016,649 1,051,728
Securities held-to-maturity, at amortized cost (fair value of $118,861 and $119,215, respectively) 131,157 129,918
Real estate mortgage loans held-for-sale 3,148 1,158
Loans, net of allowance for credit losses of $83,627 and $71,972 4,998,363 4,844,562
Land, premises and equipment, net 59,987 57,899
Bank owned life insurance 112,075 109,114
Federal Reserve and Federal Home Loan Bank stock 21,420 21,420
Accrued interest receivable 28,471 30,011
Goodwill 4,970 4,970
Other assets 108,941 121,425
Total assets 6,645,371 6,524,029
LIABILITIES    
Noninterest bearing deposits 1,284,527 1,353,477
Interest bearing deposits 4,552,786 4,367,048
Total deposits 5,837,313 5,720,525
Federal Funds purchased 30,000 0
Federal Home Loan Bank advances 0 50,000
Total borrowings 30,000 50,000
Accrued interest payable 14,784 20,893
Other liabilities 64,093 82,818
Total liabilities 5,946,190 5,874,236
STOCKHOLDERS’ EQUITY    
Common stock: 90,000,000 shares authorized, no par value 25,966,500 shares issued and 25,503,425 outstanding as of June 30, 2024 25,903,686 shares issued and 25,430,566 outstanding as of December 31, 2023 128,346 127,692
Retained earnings 724,550 692,760
Accumulated other comprehensive income (loss) (138,136) (155,195)
Treasury stock at cost (467,933 shares as of September 30, 2024, 473,120 shares as of December 31, 2023) (15,668) (15,553)
Total stockholders’ equity 699,092 649,704
Noncontrolling interest 89 89
Total equity 699,181 649,793
Total liabilities and equity $ 6,645,371 $ 6,524,029