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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 61,585 $ 42,440
Interest-bearing deposits with Federal Reserve 217,776 684,306
Interest-bearing deposits with other financial institutions 4,793 5,452
Total cash and cash equivalents 284,154 732,198
Debt securities available-for-sale, at fair value(amortized cost of $450,904 and $698,085, respectively) 404,407 697,191
Debt securities held-to-maturity, at amortized cost (fair value $389,933 and $0, respectively) 413,310 0
Equity securities 9,539 10,366
Loans held for sale 843 849
Loans receivable 3,909,753 3,634,792
Less: allowance for credit losses (40,543) (37,588)
Net loans receivable 3,869,210 3,597,204
FHLB and other restricted stock holdings and investments 24,484 23,276
Premises and equipment, net 62,990 61,659
Operating lease right-of-use assets 25,471 19,928
Bank owned life insurance 103,723 99,719
Mortgage servicing rights 1,881 1,664
Goodwill 43,749 43,749
Core deposit intangible, net 410 460
Accrued interest receivable and other assets 55,144 40,676
Total Assets 5,299,315 5,328,939
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing demand deposits 851,172 792,086
Interest-bearing demand deposits 1,147,376 1,079,336
Savings 2,398,995 2,457,745
Certificates of deposit 304,277 386,452
Total deposits 4,701,820 4,715,619
Subordinated debentures 20,620 20,620
Subordinated notes, net of unamortized issuance costs 83,812 83,661
Operating lease liabilities 26,785 21,159
Accrued interest payable and other liabilities 42,690 45,033
Total liabilities 4,875,727 4,886,092
Commitments and contingent liabilities
Preferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; shares authorized 60,375; Shares issued 60,375 at June 30, 2022 and December 31, 2021 57,785 57,785
Common stock, no par value; 50,000,000 shares authorized; Shares issued 16,978,057 at June 30, 2022 and 16,978,057 at December 31, 2021 0 0
Additional paid in capital 126,986 127,351
Retained earnings 283,204 260,582
Treasury stock, at cost (118,471 shares at June 30, 2022 and 122,995 shares December 31, 2021) (3,026) (2,477)
Accumulated other comprehensive loss (41,361) (394)
Total shareholders’ equity 423,588 442,847
Total Liabilities and Shareholders’ Equity 5,299,315 5,328,939
PPP loans, net of deferred processing fees    
ASSETS    
Loans receivable 2,287 45,203
Syndicated loans    
ASSETS    
Loans receivable 153,154 125,761
Loans    
ASSETS    
Loans receivable $ 3,754,312 $ 3,463,828