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Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash on hand and in banks $ 61,568 $ 74,295
Interest earning deposits 158,935 29,295
Cash and cash equivalents 220,503 103,590
Investment securities available for sale, at fair value, net (amortized cost of $1,292,500 and $1,460,033, respectively) 1,147,547 1,331,443
Investment securities held to maturity, at amortized cost, net (fair value of $636,257 and $673,434, respectively) 746,845 766,396
Total investment securities 1,894,392 2,097,839
Loans held for sale 263 0
Loans receivable 4,266,858 4,050,858
Allowance for credit losses on loans (46,947) (42,986)
Loans receivable, net 4,219,911 4,007,872
Premises and equipment, net 76,436 76,930
Federal Home Loan Bank stock, at cost 8,373 8,916
Bank owned life insurance 123,639 122,059
Accrued interest receivable 18,794 18,547
Prepaid expenses and other assets 341,952 296,181
Other intangible assets, net 5,386 7,227
Goodwill 240,939 240,939
Total assets 7,150,588 6,980,100
LIABILITIES AND STOCKHOLDERS' EQUITY    
Deposits 5,635,187 5,907,420
Deposits held for sale 0 17,420
Total deposits 5,635,187 5,924,840
Borrowings 450,000 0
Junior subordinated debentures 21,692 21,473
Securities sold under agreement to repurchase 23,158 46,597
Accrued expenses and other liabilities 207,005 189,297
Total liabilities 6,337,042 6,182,207
Stockholders’ equity:    
Preferred stock, no par value, 2,500,000 shares authorized; no shares issued and outstanding, respectively 0 0
Common stock, no par value, 50,000,000 shares authorized; 34,901,076 and 35,106,697 shares issued and outstanding, respectively 548,652 552,397
Retained earnings 377,522 345,346
Accumulated other comprehensive loss, net (112,628) (99,850)
Total stockholders’ equity 813,546 797,893
Total liabilities and stockholders’ equity $ 7,150,588 $ 6,980,100