XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 530,865 $ 316,567
Available-for-sale debt securities, at fair value (amortized cost of $481,933 in 2024 and $618,525 in 2023, allowance for credit losses of $0 in 2024 and 2023) 466,916 591,313
Held-to-maturity debt securities (fair value of $10,882 in 2024 and $76,167 in 2023, allowance for credit losses of $5 in 2024 and $10 in 2023) 10,909 76,387
Equity securities with readily determinable fair value 239 174
Mortgage loans held for sale, at fair value 8,526 3,227
Consumer loans held for sale, at fair value 6,080 7,914
Consumer loans held for sale, at the lower of cost or fair value 19,801 16,094
Loans (loans carried at fair value of $0 in 2024 and $0 in 2023) 5,296,917 5,239,861
Allowance for credit losses (82,158) (82,130)
Loans, net 5,214,759 5,157,731
Federal Home Loan Bank stock, at cost 23,981 23,770
Premises and equipment, net 33,007 33,411
Right-of-use assets 35,897 34,691
Goodwill 40,516 40,516
Other real estate owned 1,212 1,370
Bank owned life insurance 106,288 103,916
Other assets and accrued interest receivable 193,474 187,810
TOTAL ASSETS 6,692,470 6,594,891
Deposits:    
Noninterest-bearing 1,260,086 1,676,998
Interest-bearing 3,841,610 3,376,165
Total deposits 5,101,696 5,053,163
Securities sold under agreements to repurchase and other short-term borrowings 79,383 97,618
Operating lease liabilities 36,797 35,539
Federal Home Loan Bank advances 370,000 380,000
Other liabilities and accrued interest payable 124,889 115,815
Total liabilities 5,712,765 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, 17,293,183 shares (2024) and 17,295,968 shares (2023) issued and outstanding; Class B Common Stock, no par value, 5,000,000 shares authorized, 2,150,090 shares (2024) and 2,156,662 shares (2023) issued and outstanding 4,585 4,553
Additional paid in capital 146,838 142,124
Retained earnings 842,515 786,487
Accumulated other comprehensive (loss) income (14,233) (20,408)
Total stockholders' equity 979,705 912,756
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,692,470 $ 6,594,891