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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash, cash equivalents and restricted cash $ 231,408 $ 30,453
Investment securities:    
Held-to-maturity, at amortized cost (net of zero allowance for credit losses at June 30, 2024 and December 31, 2023) 904,610 925,198
Available-for-sale, at fair value (net of zero allowance for credit losses at June 30, 2024 and December 31, 2023) 252,917 552,028
Total investment securities 1,157,527 1,477,226
Loans, at amortized cost 2,082,399 2,073,720
Allowance for credit losses on loans (30,675) (25,172)
Loans, net of allowance for credit losses on loans 2,051,724 2,048,548
Goodwill 72,754 72,754
Bank-owned life insurance 70,168 68,102
Operating lease right-of-use assets 20,460 20,316
Bank premises and equipment, net 7,263 7,792
Core deposit intangible, net 3,269 3,766
Interest receivable and other assets 80,155 74,946
Total assets 3,694,728 3,803,903
Deposits:    
Non-interest bearing 1,417,661 1,441,987
Interest bearing:    
Transaction accounts 178,712 225,040
Savings accounts 228,946 233,298
Money market accounts 1,121,336 1,138,433
Time accounts 267,122 251,317
Total deposits 3,213,777 3,290,075
Borrowings and other obligations 231 26,298
Operating lease liabilities 23,016 22,906
Interest payable and other liabilities 22,761 25,562
Total liabilities 3,259,785 3,364,841
Commitments and contingent liabilities (Note 8)
Stockholders' Equity    
Preferred stock, no par value, Authorized - 5,000 shares, none issued 0 0
Common stock, no par value, Authorized - 30,000,000 shares; issued and outstanding - 16,278,260 and 16,158,413 at June 30, 2024 and December 31, 2023, respectively 218,773 217,498
Retained earnings 247,477 274,570
Accumulated other comprehensive loss, net of taxes (31,307) (53,006)
Total stockholders' equity 434,943 439,062
Total liabilities and stockholders' equity $ 3,694,728 $ 3,803,903