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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 26,400 $ 32,348
Short-term investments 54,680 107,162
Cash and cash equivalents 81,080 139,510
Securities available-for-sale, at fair value 308,852 297,006
Securities held-to-maturity, at amortized cost 7,082 8,503
Loans held for sale 6,507 4,589
Loans and leases receivable, net of allowance for credit losses of $33,088 and $31,275, respectively 2,952,326 2,818,986
Premises and equipment, net 6,381 6,190
Repossessed assets 54 247
Right-of-use assets, net 6,041 6,559
Bank-owned life insurance 56,351 55,536
Federal Home Loan Bank stock, at cost 11,901 12,042
Goodwill and other intangible assets 11,841 12,023
Derivatives 70,773 55,597
Accrued interest receivable and other assets 97,872 91,058
Total assets 3,617,061 3,507,846
Liabilities and Stockholders’ Equity    
Deposits 2,885,183 2,796,779
Federal Home Loan Bank advances and other borrowings 327,855 330,916
Lease liabilities 8,361 8,954
Derivatives 61,821 51,949
Accrued interest payable and other liabilities 28,671 29,660
Total liabilities 3,311,891 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 June 30, 2024 and December 31, 2023 11,992 11,992
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,433,759 and 9,418,463 shares issued, 8,294,589 and 8,314,778 shares outstanding at June 30, 2024 and December 31, 2023, respectively 95 95
Additional paid-in capital 91,967 90,616
Retained earnings 245,431 230,728
Accumulated other comprehensive loss (12,944) (13,717)
Treasury stock, 1,139,170 and 1,103,685 shares at June 30, 2024 and December 31, 2023, respectively, at cost (31,371) (30,126)
Total stockholders’ equity 305,170 289,588
Total liabilities and stockholders’ equity $ 3,617,061 $ 3,507,846