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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents due from banks $ 68,745 $ 63,771
Interest-bearing deposits with Federal Reserve 447,053 375,009
Interest-bearing deposits with other financial institutions 4,359 4,255
Total cash and cash equivalents 520,157 443,035
Debt securities available-for-sale, at fair value (amortized cost of $559,354 and $520,223, respectively) 516,442 468,546
Debt securities held-to-maturity, at amortized cost (fair value of $263,394 and $282,970, respectively) 282,159 306,081
Equity securities 10,293 10,456
Loans held for sale 860 762
Loans receivable 4,610,009 4,608,956
Less: allowance for credit losses (47,357) (47,357)
Net loans receivable 4,562,652 4,561,599
FHLB and other restricted stock holdings and investments 41,844 40,702
Premises and equipment, net 76,323 76,011
Operating & finance lease right-of-use assets 52,213 52,715
Bank owned life insurance 118,338 117,579
Mortgage servicing rights 1,147 1,251
Goodwill and other intangibles 43,874 43,874
Core deposit intangible, net 190 206
Accrued interest receivable and other assets 69,016 69,193
Total Assets 6,295,508 6,192,010
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing demand deposits 842,398 819,680
Interest-bearing demand deposits 719,460 706,796
Savings 3,160,618 3,122,028
Certificates of deposit 737,602 722,860
Total deposits 5,460,078 5,371,364
Subordinated debentures 20,620 20,620
Subordinated notes, net of unamortized issuance costs 84,646 84,570
Operating lease liabilities 40,030 40,315
Accrued interest payable and other liabilities 65,626 64,446
Total liabilities 5,671,000 5,581,315
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, 2025 and December 31, 2024 57,785 57,785
Common stock, no par value; 50,000,000 shares authorized; Shares issued 21,235,503 at March 31, 2025 and 21,235,503 at December 31, 2024 0 0
Additional paid in capital 220,254 219,876
Retained earnings 387,925 381,296
Treasury stock, at cost (255,258 shares at March 31, 2025 and 247,511 shares December 31, 2024) (4,944) (4,689)
Accumulated other comprehensive loss (36,512) (43,573)
Total shareholders’ equity 624,508 610,695
Total Liabilities and Shareholders’ Equity 6,295,508 6,192,010
Syndicated loans    
ASSETS    
Loans receivable 69,189 79,882
Loans    
ASSETS    
Loans receivable $ 4,540,820 $ 4,529,074