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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 400,059 $ 316,567
Available-for-sale debt securities, at fair value (amortized cost of $505,589 in 2024 and $618,525 in 2023, allowance for credit losses of $0 in 2024 and 2023) 481,069 591,313
Held-to-maturity debt securities (fair value of $75,988 in 2024 and $76,167 in 2023, allowance for credit losses of $4 in 2024 and $10 in 2023) 76,109 76,387
Equity securities with readily determinable fair value 281 174
Mortgage loans held for sale, at fair value 9,703 3,227
Consumer loans held for sale, at fair value 8,341 7,914
Consumer loans held for sale, at the lower of cost or fair value 23,860 16,094
Loans (loans carried at fair value of $0 in 2024 and $0 in 2023) 5,264,270 5,239,861
Allowance for credit losses (80,687) (82,130)
Loans, net 5,183,583 5,157,731
Federal Home Loan Bank stock, at cost 23,840 23,770
Premises and equipment, net 33,224 33,411
Right-of-use assets 31,720 34,691
Goodwill 40,516 40,516
Other real estate owned 1,265 1,370
Bank owned life insurance 105,462 103,916
Other assets and accrued interest receivable 197,542 187,810
TOTAL ASSETS 6,616,574 6,594,891
Deposits:    
Noninterest-bearing 1,279,390 1,676,998
Interest-bearing 3,789,657 3,376,165
Total deposits 5,069,047 5,053,163
Securities sold under agreements to repurchase and other short-term borrowings 72,598 97,618
Operating lease liabilities 32,602 35,539
Federal Home Loan Bank advances 370,000 380,000
Other liabilities and accrued interest payable 116,904 115,815
Total liabilities 5,661,151 5,682,135
Commitments and contingent liabilities (Footnote 9)
STOCKHOLDERS' EQUITY    
Preferred stock, no par value
Class A Common Stock, no par value, 30,000,000 shares authorized, 17,274,675 shares (2024) and 17,203,355 shares (2023) issued and outstanding; Class B Common Stock, no par value, 5,000,000 shares authorized, 2,150,184 shares (2024) and 2,154,562 shares (2023) issued and outstanding 4,581 4,553
Additional paid in capital 144,139 142,124
Retained earnings 825,496 786,487
Accumulated other comprehensive (loss) income (18,793) (20,408)
Total stockholders' equity 955,423 912,756
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,616,574 $ 6,594,891