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Consolidated Statements of Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 61,093 $ 61,421
Interest-bearing deposits with banks 186,155 181,293
Cash and cash equivalents 247,248 242,714
Investment securities 646,713 617,162
Equity securities 20,399 18,564
Loans receivable 8,111,976 8,345,145
Less: Allowance for credit losses - loans 82,494 81,974
Net loans receivable 8,029,482 8,263,171
Investment in restricted stock, at cost 42,772 51,457
Bank premises and equipment, net 29,068 30,779
Accrued interest receivable 46,951 49,108
Bank owned life insurance 242,016 237,644
Right of use operating lease assets 14,211 12,007
Goodwill 208,372 208,372
Core deposit intangibles 4,935 5,874
Other assets 107,436 118,751
Total assets 9,639,603 9,855,603
Deposits:    
Noninterest-bearing 1,262,568 1,259,364
Interest-bearing 6,261,537 6,276,838
Total deposits 7,524,105 7,536,202
Borrowings 742,133 933,579
Subordinated debentures, net 79,818 79,439
Operating lease liabilities 15,252 13,171
Other liabilities 38,799 76,592
Total liabilities 8,400,107 8,638,983
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Preferred Stock, no par value; $1,000 per share liquidation preference; Authorized 5,000,000 shares; issued 115,000 shares as of September 30, 2024 and as of December 31, 2023; outstanding 115,000 shares as of September 30, 2024 and as of December 31, 2023 110,927 110,927
Common stock, no par value: Authorized 100,000,000 shares; issued 42,253,765 shares as of September 30, 2024 and 42,122,948 shares as of December 31, 2023; outstanding 38,368,217 shares as of September 30, 2024 and 38,519,770 as of December 31, 2023 586,946 586,946
Additional paid-in capital 34,995 33,182
Retained earnings 619,497 590,970
Treasury stock, at cost 3,885,548 common shares as of September 30, 2024 and 3,603,178 as of December 31, 2023 (76,116) (70,296)
Accumulated other comprehensive loss (36,753) (35,109)
Total stockholders’ equity 1,239,496 1,216,620
Total liabilities and stockholders’ equity $ 9,639,603 $ 9,855,603