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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 432,151 $ 316,567
Available-for-sale debt securities, at fair value (amortized cost of $602,493 in 2024 and $618,525 in 2023, allowance for credit losses of $0 in 2024 and 2023) 584,155 591,313
Held-to-maturity debt securities (fair value of $10,735 in 2024 and $76,167 in 2023, allowance for credit losses of $0 in 2024 and $10 in 2023) 10,778 76,387
Equity securities with readily determinable fair value 693 174
Mortgage loans held for sale, at fair value 8,312 3,227
Consumer loans held for sale, at fair value 5,443 7,914
Consumer loans held for sale, at the lower of cost or fair value 18,632 16,094
Loans (loans carried at fair value of $0 in 2024 and $0 in 2023) 5,439,466 5,239,861
Allowance for credit losses (91,978) (82,130)
Loans, net 5,347,488 5,157,731
Federal Home Loan Bank stock, at cost 24,478 23,770
Premises and equipment, net 32,309 33,411
Right-of-use assets 36,182 34,691
Goodwill 40,516 40,516
Other real estate owned 1,160 1,370
Bank owned life insurance 107,125 103,916
Other assets and accrued interest receivable 197,245 187,810
TOTAL ASSETS 6,846,667 6,594,891
Deposits:    
Noninterest-bearing 1,207,764 1,676,998
Interest-bearing 4,002,782 3,376,165
Total deposits 5,210,546 5,053,163
Securities sold under agreements to repurchase and other short-term borrowings 103,318 97,618
Operating lease liabilities 37,121 35,539
Federal Home Loan Bank advances 395,000 380,000
Other liabilities and accrued interest payable 108,653 115,815
Total liabilities 5,854,638 5,682,135
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, 17,297,878 shares (2024) and 17,203,355 shares (2023) issued and outstanding; Class B Common Stock, no par value, 5,000,000 shares authorized, 2,150,090 shares (2024) and 2,154,562 shares (2023) issued and outstanding 4,587 4,553
Additional paid in capital 148,053 142,124
Retained earnings 853,627 786,487
Accumulated other comprehensive (loss) income (14,238) (20,408)
Total stockholders' equity 992,029 912,756
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,846,667 $ 6,594,891