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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 24,258 $ 9,697
Short-term investments 86,707 47,413
Cash and cash equivalents 110,965 57,110
Securities available-for-sale, at fair value 196,566 205,702
Securities held-to-maturity, at amortized cost 13,531 19,746
Loans held for sale 773 3,570
Loans and leases receivable, net of allowance for loan and lease losses of $24,143 and $24,336, respectively 2,306,557 2,215,072
Premises and equipment, net 3,143 1,694
Foreclosed properties 151 164
Right-of-use assets, net 5,424 4,910
Bank-owned life insurance 54,683 53,600
Federal Home Loan Bank stock, at cost 15,701 13,336
Goodwill and other intangible assets 12,218 12,268
Derivatives 73,718 26,343
Accrued interest receivable and other assets 57,372 39,390
Total assets 2,850,802 2,652,905
Liabilities and Stockholders’ Equity    
Deposits 2,087,545 1,957,923
Federal Home Loan Bank advances and other borrowings 420,297 403,451
Junior subordinated notes 0 10,076
Lease liabilities 6,827 5,406
Derivatives 66,162 28,283
Accrued interest payable and other liabilities 16,967 15,344
Total liabilities 2,597,798 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 September 30, 2022 and December 31, 2021, respectively 11,992 0
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,370,888 and 9,326,361 shares issued, 8,432,048 and 8,457,564 shares outstanding at September 30, 2022 and December 31, 2021, respectively 94 93
Additional paid-in capital 86,803 85,797
Retained earnings 195,235 170,020
Accumulated other comprehensive loss (16,588) (1,457)
Treasury stock, 938,840 and 868,797 shares at September 30, 2022 and December 31, 2021, respectively, at cost (24,532) (22,031)
Total stockholders’ equity 253,004 232,422
Total liabilities and stockholders’ equity $ 2,850,802 $ 2,652,905