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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 45,302 $ 32,348
Short-term investments 86,670 107,162
Cash and cash equivalents 131,972 139,510
Securities available-for-sale, at fair value 313,336 297,006
Securities held-to-maturity, at amortized cost 6,907 8,503
Loans held for sale 8,173 4,589
Loans and leases receivable, net of allowance for credit losses of $33,688 and $31,275, respectively 3,016,391 2,818,986
Premises and equipment, net 5,478 6,190
Repossessed assets 56 247
Right-of-use assets, net 5,789 6,559
Bank-owned life insurance 56,767 55,536
Federal Home Loan Bank stock, at cost 12,775 12,042
Goodwill and other intangible assets 11,834 12,023
Derivatives 42,539 55,597
Accrued interest receivable and other assets 103,707 91,058
Total assets 3,715,724 3,507,846
Liabilities and Stockholders’ Equity    
Deposits 2,969,947 2,796,779
Federal Home Loan Bank advances and other borrowings 349,109 330,916
Lease liabilities 8,054 8,954
Derivatives 45,399 51,949
Accrued interest payable and other liabilities 31,233 29,660
Total liabilities 3,403,742 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 September 30, 2024 and December 31, 2023 11,992 11,992
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,434,444 and 9,418,463 shares issued, 8,295,017 and 8,314,778 shares outstanding at September 30, 2024 and December 31, 2023, respectively 95 95
Additional paid-in capital 92,650 90,616
Retained earnings 253,660 230,728
Accumulated other comprehensive loss (15,032) (13,717)
Treasury stock, 1,139,427 and 1,103,685 shares at September 30, 2024 and December 31, 2023, respectively, at cost (31,383) (30,126)
Total stockholders’ equity 311,982 289,588
Total liabilities and stockholders’ equity $ 3,715,724 $ 3,507,846