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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 20,089 $ 9,697
Short-term investments 75,514 47,413
Cash and cash equivalents 95,603 57,110
Securities available-for-sale, at fair value 223,631 205,702
Securities held-to-maturity, at amortized cost 17,267 19,746
Loans held for sale 2,418 3,570
Loans and leases receivable, net of allowance for loan and lease losses of $23,669 and $24,336, respectively 2,227,580 2,215,072
Premises and equipment, net 1,621 1,694
Foreclosed properties 117 164
Right-of-use assets, net 6,118 4,910
Bank-owned life insurance 53,974 53,600
Federal Home Loan Bank stock, at cost 12,863 13,336
Goodwill and other intangible assets 12,184 12,268
Derivatives 26,890 26,343
Accrued interest receivable and other assets 43,816 39,390
Total assets 2,724,082 2,652,905
Liabilities and Stockholders’ Equity    
Deposits 2,023,694 1,957,923
Federal Home Loan Bank advances and other borrowings 414,487 403,451
Junior subordinated notes 0 10,076
Lease liabilities 7,580 5,406
Derivatives 24,961 28,283
Accrued interest payable and other liabilities 8,309 15,344
Total liabilities 2,479,031 2,420,483
Stockholders’ equity:    
Preferred stock, Series A; $0.01 par value, 7% non-cumulative perpetual preferred stock liquidation preference $1,000 per share, 2,500,000 shares authorized, 12,500 and no shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 11,992 0
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,340,223 and 9,326,361 shares issued, 8,488,585 and 8,457,564 shares outstanding at March 31, 2022 and December 31, 2021, respectively 94 93
Additional paid-in capital 85,443 85,797
Retained earnings 177,022 170,020
Accumulated other comprehensive loss (7,863) (1,457)
Treasury stock, 851,638 and 868,797 shares at March 31, 2022 and December 31, 2021, respectively, at cost (21,637) (22,031)
Total stockholders’ equity 245,051 232,422
Total liabilities and stockholders’ equity $ 2,724,082 $ 2,652,905