XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 84,511 $ 62,379
Interest-bearing deposits in other banks (including restricted cash) 134,903 152,584
Total cash, cash equivalents and restricted cash 219,414 214,963
Investments:    
Trading securities 4,860 5,243
Available-for-sale securities, at fair value (amortized cost of $898,145 and $673,003, respectively) 836,130 593,749
Held-to-maturity securities, at amortized cost (fair value of $478,172 and $470,824, respectively) 516,682 517,778
Other investments 26,284 22,514
Total investments 1,383,956 1,139,284
Loans held for sale, at fair value (book value of $11,035 and $10,923, respectively) 11,059 11,049
Loans 4,885,086 4,115,259
Less: allowance for credit losses on loans (46,723) (35,728)
Net loans 4,838,363 4,079,531
Goodwill 153,770 94,697
Core deposit intangible assets 47,000 415
Bank-owned life insurance 109,340 104,308
Premises and equipment, net 53,217 37,052
Deferred tax assets 55,693 40,037
Other assets 92,973 83,802
Total assets 6,964,785 5,805,138
Deposits:    
Non-interest checking 1,132,648 925,571
Interest checking 1,714,944 1,483,589
Savings and money market 1,828,332 1,511,589
Certificates of deposit 703,873 532,424
Brokered deposits 217,681 179,994
Total deposits 5,597,478 4,633,167
Short-term borrowings 567,436 500,621
Junior subordinated debentures 61,290 44,331
Accrued interest and other liabilities 98,527 95,788
Total liabilities 6,324,731 5,273,907
Commitments and Contingencies (Note 9)
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 16,885,571 and 14,579,339 on March 31, 2025 and December 31, 2024, respectively 213,589 116,425
Retained earnings 508,720 509,452
Accumulated other comprehensive loss (82,255) (94,646)
Total shareholders’ equity 640,054 531,231
Total liabilities and shareholders’ equity $ 6,964,785 $ 5,805,138