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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 316,567 $ 313,689
Available-for-sale debt securities, at fair value (amortized cost of $618,525 in 2023 and $663,003 in 2022, allowance for credit losses of $0 in 2023 and 2022) 591,313 620,365
Held-to-maturity debt securities (fair value of $76,167 in 2023 and $87,357 in 2022, allowance for credit losses of $10 in 2023 and $10 in 2022) 76,387 87,386
Equity securities with readily determinable fair value 174 111
Mortgage loans held for sale, at fair value 3,227 1,302
Consumer loans held for sale, at fair value 7,914 4,706
Consumer loans held for sale, at the lower of cost or fair value 16,094 13,169
Loans 5,239,861 4,515,802
Allowance for credit losses (82,130) (70,413)
Total loans, net 5,157,731 4,445,389
Federal Home Loan Bank stock, at cost 23,770 9,146
Premises and equipment, net 33,411 31,978
Right-of-use assets 34,691 37,017
Goodwill 40,516 16,300
Other real estate owned 1,370 1,581
Bank owned life insurance 103,916 101,687
Low-income housing tax credit investments 75,055 75,324
Other assets and accrued interest receivable 112,755 76,393
Total assets 6,594,891 5,835,543
Deposits:    
Noninterest-bearing 1,676,998 1,908,768
Interest-bearing 3,376,165 2,629,077
Total deposits 5,053,163 4,537,845
Securities sold under agreements to repurchase and other short-term borrowings 97,618 216,956
Operating lease liabilities 35,539 37,809
Federal Home Loan Bank advances 380,000 95,000
Low-income housing tax credit obligations 58,619 43,609
Other liabilities and accrued interest payable 57,196 47,711
Total liabilities 5,682,135 4,978,930
Commitments and contingent liabilities (Footnote 12)
STOCKHOLDERS' EQUITY    
Preferred stock, no par value
Class A Common Stock, no par value, 30,000,000 shares authorized, 17,203,355 shares (2023) and 17,584,928 shares (2022) issued and outstanding; Class B Common Stock, no par value, 5,000,000 shares authorized, 2,154,562 shares (2023) and 2,159,495 shares (2022) issued and outstanding 4,553 4,648
Additional paid in capital 142,124 141,694
Retained earnings 786,487 742,250
Accumulated other comprehensive (loss) income (20,408) (31,979)
Total stockholders' equity 912,756 856,613
Total liabilities and stockholders' equity $ 6,594,891 $ 5,835,543