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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from financial institutions $ 108,818 $ 97,150
Interest-bearing deposits in other financial institutions 329,913 14,894
Investment securities:    
Available-for-sale debt securities, at fair value 625,253 671,794
Held-to-maturity debt securities, at amortized cost; fair value of: $531,887 at September 30, 2023 and $596,780 at December 31, 2022 640,053 664,883
Total investment securities 1,265,306 1,336,677
Loans held for sale, at fair value 0 1,105
Loans 5,508,710 5,555,466
Less: allowance for credit losses 64,517 63,738
Loans, net of allowance for credit losses 5,444,193 5,491,728
Premises and equipment, net 97,378 91,634
Accrued interest receivable 21,529 20,345
Investment in unconsolidated entities 42,523 46,641
Mortgage servicing rights 8,797 9,074
Bank-owned life insurance 168,543 167,967
Federal Home Loan Bank of Des Moines ("FHLB") stock 10,995 9,146
Right-of-use lease assets 32,294 34,985
Other assets 107,635 111,417
Total assets 7,637,924 7,432,763
Deposits:    
Noninterest-bearing demand 1,969,523 2,092,823
Interest-bearing demand 1,345,843 1,453,167
Savings and money market 2,209,550 2,199,028
Time 1,349,829 991,205
Total deposits 6,874,745 6,736,223
FHLB advances and other short-term borrowings 0 5,000
Long-term debt (net of debt issuance costs of $506 at September 30, 2023 and $688 at December 31, 2022) 156,041 105,859
Lease liabilities 33,186 35,889
Other liabilities 105,354 96,921
Total liabilities 7,169,326 6,979,892
Contingent liabilities and other commitments (see Notes 7, 15 and 16)
Equity    
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding: none at September 30, 2023 and December 31, 2022 0 0
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 27,043,169 at September 30, 2023 and 27,025,070 at December 31, 2022 405,439 408,071
Additional paid-in capital 102,550 101,346
Retained earnings 110,156 87,438
Accumulated other comprehensive loss (149,547) (143,984)
Total shareholders' equity 468,598 452,871
Total liabilities and equity $ 7,637,924 $ 7,432,763