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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash, cash equivalents and restricted cash $ 229,172 $ 30,453
Investment securities:    
Held-to-maturity, at amortized cost (net of zero allowance for credit losses at September 30, 2024 and December 31, 2023) 888,804 925,198
Available-for-sale, at fair value (net of zero allowance for credit losses at September 30, 2024 and December 31, 2023) 368,188 552,028
Total investment securities 1,256,992 1,477,226
Loans, at amortized cost 2,090,091 2,073,720
Allowance for credit losses on loans (30,675) (25,172)
Loans, net of allowance for credit losses on loans 2,059,416 2,048,548
Goodwill 72,754 72,754
Bank-owned life insurance 70,595 68,102
Operating lease right-of-use assets 19,745 20,316
Bank premises and equipment, net 7,010 7,792
Core deposit intangible, net 3,028 3,766
Interest receivable and other assets 74,121 74,946
Total assets 3,792,833 3,803,903
Deposits:    
Non-interest bearing 1,473,379 1,441,987
Interest bearing:    
Transaction accounts 181,001 225,040
Savings accounts 222,588 233,298
Money market accounts 1,156,483 1,138,433
Time accounts 275,798 251,317
Total deposits 3,309,249 3,290,075
Borrowings and other obligations 193 26,298
Operating lease liabilities 22,278 22,906
Interest payable and other liabilities 24,153 25,562
Total liabilities 3,355,873 3,364,841
Commitments and contingent liabilities (Note 8)
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 - 16,082,881 and 16,158,413 at September 30, 2024 and December 31, 2023, respectively 215,465 217,498
Retained earnings 247,983 274,570
Accumulated other comprehensive loss, net of taxes (26,488) (53,006)
Total stockholders' equity 436,960 439,062
Total liabilities and stockholders' equity $ 3,792,833 $ 3,803,903