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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 32,299 $ 25,811
Short-term investments 80,510 76,871
Cash and cash equivalents 112,809 102,682
Securities available-for-sale, at fair value 253,626 212,024
Securities held-to-maturity, at amortized cost 9,830 12,635
Loans held for sale 2,191 2,632
Loans and leases receivable, net of allowance for credit losses of $28,115 and $24,230, respectively 2,646,468 2,418,836
Premises and equipment, net 5,094 4,340
Repossessed assets 65 95
Right-of-use assets, net 7,049 7,690
Bank-owned life insurance 54,747 54,018
Federal Home Loan Bank stock, at cost 14,482 17,812
Goodwill and other intangible assets 12,073 12,159
Derivatives 70,440 68,581
Accrued interest receivable and other assets 76,864 63,107
Total assets 3,265,738 2,976,611
Liabilities and Stockholders’ Equity    
Deposits 2,528,852 2,168,206
Federal Home Loan Bank advances and other borrowings 370,113 456,808
Lease liabilities 9,499 10,175
Derivatives 61,147 61,419
Accrued interest payable and other liabilities 23,495 19,363
Total liabilities 2,993,106 2,715,971
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,500,000 shares authorized, 12,500 shares of 7% non-cumulative perpetual preferred stock, Series A, outstanding at each June 30, 2023 and December 31, 2022 11,992 11,992
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,417,981 and 9,371,078 shares issued, 8,315,465 and 8,362,085 shares outstanding at June 30, 2023 and December 31, 2022, respectively 95 94
Additional paid-in capital 89,272 87,512
Retained earnings 215,237 203,507
Accumulated other comprehensive loss (13,877) (15,310)
Treasury stock, 1,102,516 and 1,008,993 shares at June 30, 2023 and December 31, 2022, respectively, at cost (30,087) (27,155)
Total stockholders’ equity 272,632 260,640
Total liabilities and stockholders’ equity $ 3,265,738 $ 2,976,611