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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 51,206 $ 58,884
Interest-bearing deposits with Federal Reserve 132,696 43,401
Interest-bearing deposits with other financial institutions 4,691 4,000
Total cash and cash equivalents 188,593 106,285
Debt securities available-for-sale, at fair value (amortized cost of $422,920 and $432,992, respectively) 368,607 371,409
Debt securities held-to-maturity, at amortized cost (fair value $371,735 and $367,388, respectively) 402,300 404,765
Equity securities 9,416 9,615
Loans held for sale 448 231
Loans receivable 4,301,297 4,275,178
Less: allowance for credit losses (43,981) (43,436)
Net loans receivable 4,257,316 4,231,742
FHLB and other restricted stock holdings and investments 31,194 30,715
Premises and equipment, net 70,572 68,535
Operating lease right-of-use assets 34,618 32,307
Bank owned life insurance 112,287 111,523
Mortgage servicing rights 1,738 1,804
Goodwill and other intangibles 43,874 43,749
Core deposit intangible, net 342 364
Accrued interest receivable and other assets 62,029 62,135
Total Assets 5,583,334 5,475,179
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing demand deposits 810,623 898,437
Interest-bearing demand deposits 958,756 1,007,202
Savings 2,442,903 2,270,337
Certificates of deposit 541,847 446,461
Total deposits 4,754,129 4,622,437
Short-term borrowings 102,083 132,396
Subordinated debentures 20,620 20,620
Subordinated notes, net of unamortized issuance costs 84,040 83,964
Operating lease liabilities 36,114 33,726
Accrued interest payable and other liabilities 39,921 51,274
Total liabilities 5,036,907 4,944,417
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 March 31, 2023 and December 31, 2022 57,785 57,785
Common stock, no par value; 50,000,000 shares authorized; Shares issued 21,235,503 at March 31, 2023 and 21,235,503 at December 31, 2022 0 0
Additional paid in capital 219,561 221,553
Retained earnings 318,629 306,911
Treasury stock, at cost (118,575 shares at March 31, 2023 and 114,157 shares December 31, 2022) (2,867) (2,967)
Accumulated other comprehensive loss (46,681) (52,520)
Total shareholders’ equity 546,427 530,762
Total Liabilities and Shareholders’ Equity 5,583,334 5,475,179
PPP loans, net of deferred processing fees    
ASSETS    
Loans receivable 144 159
Syndicated loans    
ASSETS    
Loans receivable 148,085 156,649
Loans    
ASSETS    
Loans receivable $ 4,153,068 $ 4,118,370