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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 39,251 $ 9,697
Short-term investments 56,233 47,413
Cash and cash equivalents 95,484 57,110
Securities available-for-sale, at fair value 208,643 205,702
Securities held-to-maturity, at amortized cost 13,968 19,746
Loans held for sale 2,256 3,570
Loans and leases receivable, net of allowance for loan and lease losses of $24,104 and $24,336, respectively 2,265,996 2,215,072
Premises and equipment, net 1,899 1,694
Foreclosed properties 124 164
Right-of-use assets, net 5,772 4,910
Bank-owned life insurance 54,324 53,600
Federal Home Loan Bank stock, at cost 22,959 13,336
Goodwill and other intangible assets 12,262 12,268
Derivatives 44,461 26,343
Accrued interest receivable and other assets 48,868 39,390
Total assets 2,777,016 2,652,905
Liabilities and Stockholders’ Equity    
Deposits 1,869,331 1,957,923
Federal Home Loan Bank advances and other borrowings 596,642 403,451
Junior subordinated notes 0 10,076
Lease liabilities 7,207 5,406
Derivatives 40,357 28,283
Accrued interest payable and other liabilities 13,556 15,344
Total liabilities 2,527,093 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 June 30, 2022 and December 31, 2021, respectively 11,992 0
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,367,337 and 9,326,361 shares issued, 8,474,699 and 8,457,564 shares outstanding at June 30, 2022 and December 31, 2021, respectively 94 93
Additional paid-in capital 86,123 85,797
Retained earnings 186,302 170,020
Accumulated other comprehensive loss (11,588) (1,457)
Treasury stock, 892,638 and 868,797 shares at June 30, 2022 and December 31, 2021, respectively, at cost (23,000) (22,031)
Total stockholders’ equity 249,923 232,422
Total liabilities and stockholders’ equity $ 2,777,016 $ 2,652,905