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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 241,967 $ 313,689
Available-for-sale debt securities, at fair value (amortized cost of $645,968 in 2023 and $663,003 in 2022, allowance for credit losses of $0 in 2023 and 2022) 604,150 620,365
Held-to-maturity debt securities (fair value of $101,190 in 2023 and $87,357 in 2022, allowance for credit losses of $10 in 2023 and $10 in 2022) 101,966 87,386
Equity securities with readily determinable fair value 122 111
Mortgage loans held for sale, at fair value 4,038 1,302
Consumer loans held for sale, at fair value 5,757 4,706
Consumer loans held for sale, at the lower of cost or fair value 15,787 13,169
Loans (loans carried at fair value of $0 in 2023 and $2 in 2022) 5,053,142 4,515,802
Allowance for credit losses (72,202) (70,413)
Loans, net 4,980,940 4,445,389
Federal Home Loan Bank stock, at cost 29,395 9,146
Premises and equipment, net 33,840 31,978
Right-of-use assets 34,939 37,017
Goodwill 40,516 16,300
Other real estate owned 1,478 1,581
Bank owned life insurance 102,521 101,687
Low-income housing tax credit investments 77,426 75,324
Other assets and accrued interest receivable 94,937 76,393
TOTAL ASSETS 6,369,779 5,835,543
Deposits:    
Noninterest-bearing 1,854,907 1,908,768
Interest-bearing 2,874,374 2,629,077
Total deposits 4,729,281 4,537,845
Securities sold under agreements to repurchase and other short-term borrowings 92,093 216,956
Operating lease liabilities 35,721 37,809
Federal Home Loan Bank advances 520,000 95,000
Low-income housing tax credit obligations 55,998 43,609
Other liabilities and accrued interest payable 49,715 47,711
Total liabilities 5,482,808 4,978,930
Commitments and contingent liabilities (Footnote 10)
STOCKHOLDERS' EQUITY    
Preferred stock, no par value
Class A Common Stock, no par value, 30,000,000 shares authorized, 17,449,709 shares (2023) and 17,584,928 shares (2022) issued and outstanding; Class B Common Stock, no par value, 5,000,000 shares authorized, 2,156,662 shares (2023) and 2,159,495 shares (2022) issued and outstanding 4,617 4,648
Additional paid in capital 142,462 141,694
Retained earnings 771,260 742,250
Accumulated other comprehensive (loss) income (31,368) (31,979)
Total stockholders' equity 886,971 856,613
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,369,779 $ 5,835,543