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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash, cash equivalents and restricted cash $ 200,320 $ 183,388
Investment securities:    
Held-to-maturity, at amortized cost (net of zero allowance for credit losses at December 31, 2020 1) 109,036 137,413
Available-for-sale, at fair value (net of zero allowance for credit losses at December 31, 2020 1) 392,351 432,260
Total investment securities 501,387 569,673
Loans, at amortized cost 2,088,556 1,843,286
Allowance for credit losses (22,874) (16,677)
Loans, net of allowance for credit losses [1] 2,065,682 1,826,609
Bank premises and equipment, net 4,919 6,070
Goodwill 30,140 30,140
Core deposit intangible 3,831 4,684
Operating lease right-of-use assets 25,612 11,002
Interest receivable and other assets 80,035 75,714
Total assets 2,911,926 2,707,280
Deposits    
Non-interest bearing 1,354,650 1,128,823
Interest bearing    
Transaction accounts 183,552 142,329
Savings accounts 201,507 162,817
Money market accounts 667,107 804,710
Time accounts 97,433 97,810
Total deposits 2,504,249 2,336,489
Borrowings and other obligations 58 212
Subordinated debenture 2,777 2,708
Operating lease liabilities 27,062 12,615
Interest payable and other liabilities 19,527 18,468
Total liabilities 2,553,673 2,370,492
Stockholders' Equity    
Preferred stock, no par value, Authorized - 5,000,000 shares, none issued 0 0
Common stock, no par value, Authorized - 30,000,000 shares; Issued and outstanding - 13,500,453 and 13,577,008 at December 31, 2020 and 2019, respectively 125,905 129,058
Retained earnings 219,747 203,227
Accumulated other comprehensive income, net of taxes 12,601 4,503
Total stockholders' equity 358,253 336,788
Total liabilities and stockholders' equity $ 2,911,926 $ 2,707,280
[1] Refer to Note 1, Summary of Accounting Policies, for information on the adoption of ASU 2016-13 in 2020.