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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 44,383 $ 44,090
Short-term investments 186,109 186,981
Total cash and cash equivalents 230,492 231,071
Securities available for sale, at fair value 265,644 263,904
Securities held to maturity, at amortized cost (fair value of $19,067 at March 31, 2025 and $19,285 at December 31, 2024) 19,211 19,627
Federal Home Loan Bank stock, at cost 18,330 23,277
Loans held for sale, at fair value 19,304 36,768
Loans 4,821,033 4,852,499
Less: Allowance for credit losses on loans (49,323) (56,101)
Net loans 4,771,710 4,796,398
Accrued interest receivable 18,158 18,393
Mortgage servicing rights, at fair value 42,620 44,500
Property and equipment, net 45,510 46,253
Retirement plan annuities 15,817 15,698
Bank-owned life insurance 98,469 97,726
Goodwill 59,042 59,042
Intangible assets 568 757
Other assets 95,455 99,719
Total assets 5,700,330 5,753,133
Deposits:    
Demand deposit accounts 703,736 690,647
NOW accounts 340,194 298,337
Regular savings and club accounts 908,136 895,232
Money market deposit accounts 1,200,600 1,195,209
Term certificate accounts 1,076,195 1,069,844
Brokered deposits 389,860 401,484
Total deposits 4,618,721 4,550,753
Borrowings 399,547 516,555
Mortgagors' escrow accounts 10,370 8,537
Accrued interest payable 7,027 6,575
Other liabilities and accrued expenses 88,698 95,702
Total liabilities 5,124,363 5,178,122
Commitments and contingencies (Notes 7, 12 and 13)
Common stock, $0.01 par value; 150,000,000 shares authorized; 60,754,801 and 60,517,573 shares issued; 43,408,480 and 43,723,278 shares outstanding at March 31, 2025 and December 31, 2024, respectively 598 598
Additional paid-in capital 490,327 489,532
Retained earnings 375,710 373,861
Treasury stock, at cost, 17,346,321 and 16,794,295 shares at March 31, 2025 and December 31, 2024, respectively (221,516) (215,138)
Accumulated other comprehensive loss (45,664) (49,895)
Unearned compensation - ESOP (23,488) (23,947)
Total stockholders' equity 575,967 575,011
Total liabilities and stockholders' equity $ 5,700,330 $ 5,753,133