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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 219,653 $ 313,689
Available-for-sale debt securities, at fair value (amortized cost of $642,019 in 2023 and $663,003 in 2022, allowance for credit losses of $0 in 2023 and 2022) 601,220 620,365
Held-to-maturity debt securities (fair value of $101,202 in 2023 and $87,357 in 2022, allowance for credit losses of $10 in 2023 and $10 in 2022) 101,650 87,386
Equity securities with readily determinable fair value 137 111
Mortgage loans held for sale, at fair value 2,711 1,302
Consumer loans held for sale, at fair value 8,443 4,706
Consumer loans held for sale, at the lower of cost or fair value 13,529 13,169
Loans (loans carried at fair value of $0 in 2023 and $2 in 2022) 5,081,099 4,515,802
Allowance for credit losses (74,576) (70,413)
Loans, net 5,006,523 4,445,389
Federal Home Loan Bank stock, at cost 31,420 9,146
Premises and equipment, net 33,926 31,978
Right-of-use assets 35,907 37,017
Goodwill 40,516 16,300
Other real estate owned 1,423 1,581
Bank owned life insurance 103,211 101,687
Low-income housing tax credit investments 76,047 75,324
Other assets and accrued interest receivable 110,159 76,393
TOTAL ASSETS 6,386,475 5,835,543
Deposits:    
Noninterest-bearing 1,702,979 1,908,768
Interest-bearing 3,090,603 2,629,077
Total deposits 4,793,582 4,537,845
Securities sold under agreements to repurchase and other short-term borrowings 80,797 216,956
Operating lease liabilities 36,726 37,809
Federal Home Loan Bank advances 465,000 95,000
Low-income housing tax credit obligations 58,858 43,609
Other liabilities and accrued interest payable 58,112 47,711
Total liabilities 5,493,075 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, 17,295,968 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 4,572 4,648
Additional paid in capital 141,621 141,694
Retained earnings 777,808 742,250
Accumulated other comprehensive (loss) income (30,601) (31,979)
Total stockholders' equity 893,400 856,613
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,386,475 $ 5,835,543