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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from financial institutions $ 106,670 $ 77,774
Interest-bearing deposits in other financial institutions 170,226 303,167
Investment securities:    
Debt securities available-for-sale, at fair value 780,379 737,658
Debt securities held-to-maturity, at amortized cost; fair value of: $511,717 as of March 31, 2025 and $506,681 as of December 31, 2024 589,688 596,930
Total investment securities 1,370,067 1,334,588
Loans held for sale 2,788 5,662
Loans 5,334,547 5,332,852
Less: allowance for credit losses 60,469 59,182
Loans, net of allowance for credit losses 5,274,078 5,273,670
Premises and equipment, net 103,490 104,342
Accrued interest receivable 24,743 23,378
Investment in unconsolidated entities 50,885 52,417
Mortgage servicing rights, net 8,418 8,473
Bank-owned life insurance 176,846 176,216
Federal Home Loan Bank of Des Moines ("FHLB") and Federal Reserve Bank ("FRB") stock 24,163 6,929
Right-of-use lease assets 29,829 30,824
Other assets 63,036 74,656
Total assets 7,405,239 7,472,096
Deposits:    
Noninterest-bearing demand 1,854,241 1,888,937
Interest-bearing demand 1,368,519 1,338,719
Savings and money market 2,316,416 2,329,170
Time 1,056,872 1,087,185
Total deposits 6,596,048 6,644,011
Long-term debt, net of unamortized debt issuance costs of $142 as of March 31, 2025 and $202 as of December 31, 2024 131,405 156,345
Lease liabilities 31,057 32,025
Accrued interest payable 8,757 10,051
Other liabilities 80,596 91,279
Total liabilities 6,847,863 6,933,711
Contingent liabilities and other commitments (see Note 16)
Equity:    
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding: none as of March 31, 2025 and December 31, 2024 0 0
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 27,061,589 as of March 31, 2025 and 27,065,570 as of December 31, 2024 402,400 404,494
Additional paid-in capital 104,849 105,054
Retained earnings 153,692 143,259
Accumulated other comprehensive loss (103,565) (114,422)
Total equity 557,376 538,385
Total liabilities and equity $ 7,405,239 $ 7,472,096