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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from financial institutions $ 100,064 $ 116,181
Interest-bearing deposits in other financial institutions 226,505 406,256
Investment securities:    
Available-for-sale debt securities, at fair value 723,453 647,210
Held-to-maturity debt securities, at amortized cost; fair value of: $546,990 at September 30, 2024 and $565,178 at December 31, 2023 606,117 632,338
Total investment securities 1,329,570 1,279,548
Loans held for sale 1,609 1,778
Loans 5,342,609 5,438,982
Less: allowance for credit losses 61,647 63,934
Loans, net of allowance for credit losses 5,280,962 5,375,048
Premises and equipment, net 104,575 96,184
Accrued interest receivable 23,942 21,511
Investment in unconsolidated entities 54,836 41,546
Mortgage servicing rights, net 8,513 8,696
Bank-owned life insurance 175,914 170,706
Federal Home Loan Bank of Des Moines ("FHLB") stock 6,929 6,793
Right-of-use lease assets 32,192 29,720
Other assets 69,819 88,829
Total assets 7,415,430 7,642,796
Deposits:    
Noninterest-bearing demand 1,838,009 1,913,379
Interest-bearing demand 1,255,382 1,329,189
Savings and money market 2,336,323 2,209,733
Time 1,153,299 1,395,291
Total deposits 6,583,013 6,847,592
Long-term debt, net of unamortized debt issuance costs of $263 at September 30, 2024 and $445 at December 31, 2023 156,284 156,102
Lease liabilities 33,807 30,634
Accrued interest payable 12,980 18,948
Other liabilities 85,621 85,705
Total liabilities 6,871,705 7,138,981
Contingent liabilities and other commitments (see Note 16)
Equity    
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding: none at September 30, 2024 and December 31, 2023 0 0
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 27,064,501 at September 30, 2024 and 27,045,033 at December 31, 2023 404,494 405,439
Additional paid-in capital 104,794 102,982
Retained earnings 138,951 117,990
Accumulated other comprehensive loss (104,514) (122,596)
Total equity 543,725 503,815
Total liabilities and equity $ 7,415,430 $ 7,642,796