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Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash on hand and in banks $ 55,469 $ 55,851
Interest earning deposits 58,288 169,122
Cash and cash equivalents 113,757 224,973
Investment securities available for sale, at fair value, net (amortized cost of $1,022,211 and $1,227,787, respectively) 931,248 1,134,353
Investment securities held to maturity, at amortized cost, net (fair value of $642,051 and $662,450, respectively) 727,342 739,442
Total investment securities 1,658,590 1,873,795
Loans receivable 4,532,615 4,335,627
Allowance for credit losses on loans (51,219) (47,999)
Loans receivable, net 4,481,396 4,287,628
Premises and equipment, net 73,218 74,899
Federal Home Loan Bank stock, at cost 22,303 4,186
Bank owned life insurance 126,420 125,655
Accrued interest receivable 19,855 19,518
Prepaid expenses and other assets 319,428 318,571
Other intangible assets, net 3,951 4,793
Goodwill 240,939 240,939
Total assets 7,059,857 7,174,957
Noninterest-Bearing Deposit Liabilities 1,599,367 1,715,847
Interest-Bearing Deposit Liabilities 3,916,285 3,884,025
LIABILITIES AND STOCKHOLDERS' EQUITY    
Total deposits 5,515,652 5,599,872
Borrowings 500,000 500,000
Junior subordinated debentures 21,912 21,765
Accrued expenses and other liabilities 171,786 200,059
Total liabilities 6,209,350 6,321,696
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; 34,496,197 and 34,906,233 shares issued and outstanding, respectively 541,294 549,748
Retained earnings 379,714 375,989
Accumulated other comprehensive loss, net (70,501) (72,476)
Total stockholders’ equity 850,507 853,261
Total liabilities and stockholders’ equity $ 7,059,857 $ 7,174,957