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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 25,056 $ 32,348
Short-term investments 46,984 107,162
Cash and cash equivalents 72,040 139,510
Securities available-for-sale, at fair value 314,114 297,006
Securities held-to-maturity, at amortized cost 8,131 8,503
Loans held for sale 4,855 4,589
Loans and leases receivable, net of allowance for credit losses of $32,799 and $31,275, respectively 2,878,065 2,818,986
Premises and equipment, net 6,268 6,190
Repossessed assets 317 247
Right-of-use assets, net 6,297 6,559
Bank-owned life insurance 55,948 55,536
Federal Home Loan Bank stock, at cost 13,326 12,042
Goodwill and other intangible assets 11,950 12,023
Derivatives 69,703 55,597
Accrued interest receivable and other assets 90,344 91,058
Total assets 3,531,358 3,507,846
Liabilities and Stockholders’ Equity    
Deposits 2,755,406 2,796,779
Federal Home Loan Bank advances and other borrowings 381,718 330,916
Lease liabilities 8,664 8,954
Derivatives 61,133 51,949
Accrued interest payable and other liabilities 26,649 29,660
Total liabilities 3,233,570 3,218,258
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 March 31, 2024 and December 31, 2023, respectively 11,992 11,992
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,426,316 and 9,418,463 shares issued, 8,306,573 and 8,314,778 shares outstanding at March 31, 2024 and December 31, 2023, respectively 95 95
Additional paid-in capital 91,312 90,616
Retained earnings 237,270 230,728
Accumulated other comprehensive loss (12,176) (13,717)
Treasury stock, 1,119,743 and 1,103,685 shares at March 31, 2024 and December 31, 2023, respectively, at cost (30,705) (30,126)
Total stockholders’ equity 297,788 289,588
Total liabilities and stockholders’ equity $ 3,531,358 $ 3,507,846