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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 8,514 $ 8,492
Interest-earning deposits 338,672 382,875
Total cash and cash equivalents 347,186 391,367
Securities available for sale 756,578 784,544
Securities held to maturity (fair value $88,259 at September 30, 2025 and $88,650 at December 31, 2024) 97,414 101,635
CRA equity security, at fair value 13,403 13,041
FHLB and FRB stock, at cost [1] 11,387 12,373
Loans held for sale, at lower of cost or fair value 8,298 8,594
Loans 6,018,967 5,512,326
Less: allowance for credit losses 68,642 72,992
Net loans 5,950,325 5,439,334
Premises and equipment 37,756 28,888
Accrued interest receivable 34,120 29,898
Bank owned life insurance 48,381 47,981
Goodwill 36,212 36,212
Other intangible assets 7,899 8,714
Finance lease right-of-use assets 879 985
Operating lease right-of-use assets 37,692 40,289
Deferred tax assets, net 12,532 16,381
Other assets 39,580 51,002
TOTAL ASSETS 7,439,642 7,011,238
Deposits:    
Noninterest-bearing demand deposits 1,323,492 1,112,734
Interest-bearing deposits:    
Checking [2] 3,509,403 3,334,269
Savings 104,524 103,136
Money market accounts [3] 1,226,506 1,078,024
Certificates of deposit - retail 397,338 483,998
Certificates of deposit - listing service 899 6,861
Subtotal deposits 6,562,162 6,119,022
Interest-bearing demand - brokered 0 10,000
Total deposits 6,562,162 6,129,022
Finance lease liabilities 1,227 1,348
Operating lease liabilities 41,139 43,569
Subordinated debt, net 98,981 133,561
Due to brokers 25,125 18,514
Accrued expenses and other liabilities 68,458 79,375
TOTAL LIABILITIES 6,797,092 6,405,389
SHAREHOLDERS’ EQUITY    
Preferred stock (no par value; authorized 500,000 shares; liquidation preference of $1,000 per share)
Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 21,697,711 at September 30, 2025 and 21,535,856 at December 31, 2024; outstanding shares, 17,548,471 at September 30, 2025 and 17,586,616 at December 31, 2024) 18,088 17,953
Surplus 351,821 348,264
Treasury stock at cost (4,149,240 shares at September 30, 2025 and 3,949,240 shares at December 31, 2024) (122,953) (117,509)
Retained earnings 446,075 423,552
Accumulated other comprehensive loss, net of income tax (50,481) (66,411)
TOTAL SHAREHOLDERS’ EQUITY 642,550 605,849
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY $ 7,439,642 $ 7,011,238
[1] FHLB means "Federal Home Loan Bank" and FRB means "Federal Reserve Bank."
[2] Interest-bearing checking included $1.88 billion at September 30, 2025 and $1.57 billion at December 31, 2024 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.
[3] Money market included $221.9 million at September 30, 2025 and $85.3 million at December 31, 2024 of reciprocal balances in the Promontory Demand Deposit Marketplace program.