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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 34,584 $ 29,495
Short-term investments 136,033 128,207
Cash and cash equivalents 170,617 157,702
Securities available-for-sale, at fair value 359,394 341,392
Securities held-to-maturity, at amortized cost 6,590 6,741
Loans held for sale 10,523 13,498
Loans and leases receivable, net of allowance for credit losses of $35,236 and $35,785, respectively 3,149,164 3,077,343
Premises and equipment, net 5,017 5,227
Repossessed assets 36 51
Right-of-use assets, net 5,439 5,702
Bank-owned life insurance 57,647 57,210
Federal Home Loan Bank stock, at cost 10,434 11,616
Goodwill and other intangible assets 12,058 11,912
Derivatives 48,405 65,762
Accrued interest receivable and other assets 109,555 99,059
Total assets 3,944,879 3,853,215
Liabilities and Stockholders’ Equity    
Deposits 3,243,043 3,107,140
Federal Home Loan Bank advances and other borrowings 286,590 320,049
Lease liabilities 7,604 7,926
Derivatives 45,612 57,068
Accrued interest payable and other liabilities 25,967 32,443
Total liabilities 3,608,816 3,524,626
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, 2025 and December 31, 2024 11,992 11,992
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,456,392 and 9,433,637 shares issued,8,301,967 and 8,293,928 shares outstanding at March 31, 2025 and December 31, 2024, respectively 96 95
Additional paid-in capital 94,231 93,545
Retained earnings 274,288 265,778
Accumulated other comprehensive loss (12,371) (11,425)
Treasury stock, 1,154,425 and 1,139,709 shares at March 31, 2025 and December 31, 2024, respectively, at cost (32,173) (31,396)
Total stockholders’ equity 336,063 328,589
Total liabilities and stockholders’ equity $ 3,944,879 $ 3,853,215