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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash, cash equivalents and restricted cash $ 30,453 $ 45,424
Investment securities:    
Held-to-maturity, at amortized cost (net of zero allowance for credit losses at December 31, 2023 and 2022) 925,198 972,207
Available-for-sale, at fair value (net of zero allowance for credit losses at December 31, 2023 and 2022) 552,028 802,096
Total investment securities 1,477,226 1,774,303
Loans, at amortized cost 2,073,720 2,092,546
Allowance for credit losses on loans (25,172) (22,983)
Total loans, net of allowance for credit losses on loans 2,048,548 2,069,563
Goodwill 72,754 72,754
Bank-owned life insurance 68,102 67,066
Operating lease right-of-use assets 20,316 24,821
Bank premises and equipment, net 7,792 8,134
Core deposit intangible, net 3,766 5,116
Other real estate owned 0 455
Interest receivable and other assets 74,946 79,828
Total assets 3,803,903 4,147,464
Deposits:    
Non-interest bearing 1,441,987 1,839,114
Interest bearing:    
Transaction accounts 225,040 287,651
Savings accounts 233,298 338,163
Money market accounts 1,138,433 989,390
Time accounts 251,317 119,030
Total deposits 3,290,075 3,573,348
Borrowings and other obligations 26,298 112,439
Operating lease liabilities 22,906 26,639
Interest payable and other liabilities 25,562 22,946
Total liabilities 3,364,841 3,735,372
Commitments and contingent liabilities (Note 12)
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 - 16,158,413 and 16,029,138 at December 31, 2023 and 2022, respectively 217,498 215,057
Retained earnings 274,570 270,781
Accumulated other comprehensive loss, net of tax (53,006) (73,746)
Total stockholders' equity 439,062 412,092
Total liabilities and stockholders' equity $ 3,803,903 $ 4,147,464