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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash, cash equivalents and restricted cash $ 347,641 $ 200,320
Investment securities:    
Held-to-maturity, at amortized cost (net of zero allowance for credit losses at December 31, 2021 and 2020) 342,222 109,036
Available-for-sale, at fair value (net of zero allowance for credit losses at December 31, 2021 and 2020) 1,167,568 392,351
Total investment securities 1,509,790 501,387
Loans, at amortized cost 2,255,645 2,088,556
Allowance for credit losses on loans [1] (23,023) (22,874)
Loans, net of allowance for credit losses 2,232,622 2,065,682
Goodwill 72,754 30,140
Bank-owned life insurance 61,473 43,552
Operating lease right-of-use assets 23,604 25,612
Bank premises and equipment, net 7,558 4,919
Core deposit intangible 6,605 3,831
Other real estate owned 800 0
Interest receivable and other assets 51,362 36,483
Total assets 4,314,209 2,911,926
Deposits:    
Non-interest bearing 1,910,240 1,354,650
Interest bearing:    
Transaction accounts 290,813 183,552
Savings accounts 340,959 201,507
Money market accounts 1,116,303 667,107
Time accounts 150,235 97,433
Total deposits 3,808,550 2,504,249
Borrowings and other obligations 419 58
Subordinated debenture 0 2,777
Operating lease liabilities 25,429 27,062
Interest payable and other liabilities 29,443 19,527
Total liabilities 3,863,841 2,553,673
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 - 15,929,243 and 13,500,453 at December 31, 2021 and 2020, respectively 212,524 125,905
Retained earnings 239,868 219,747
Accumulated other comprehensive (loss) income, net of taxes (2,024) 12,601
Total stockholders' equity 450,368 358,253
Total liabilities and stockholders' equity $ 4,314,209 $ 2,911,926
[1] Refer to Note 1, Summary of Accounting Policies, for information on the adoption of ASU 2016-13 in 2020.