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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash, cash equivalents and restricted cash $ 137,304 $ 30,453
Investment securities:    
Held-to-maturity, at amortized cost (net of zero allowance for credit losses at December 31, 2024 and 2023) 879,199 925,198
Available-for-sale, at fair value (net of zero allowance for credit losses at December 31, 2024 and 2023) 387,534 552,028
Total investment securities 1,266,733 1,477,226
Loans, at amortized cost 2,083,256 2,073,720
Allowance for credit losses on loans (30,656) (25,172)
Total loans, net of allowance for credit losses on loans 2,052,600 2,048,548
Goodwill 72,754 72,754
Bank-owned life insurance 71,026 68,102
Operating lease right-of-use assets 19,025 20,316
Bank premises and equipment, net 6,832 7,792
Core deposit intangible, net 2,792 3,766
Interest receivable and other assets 72,269 74,946
Total assets 3,701,335 3,803,903
Deposits:    
Non-interest bearing 1,399,900 1,441,987
Interest bearing:    
Transaction accounts 198,301 225,040
Savings accounts 225,691 233,298
Money market accounts 1,153,746 1,138,433
Time accounts 242,377 251,317
Total deposits 3,220,015 3,290,075
Borrowings and other obligations 154 26,298
Operating lease liabilities 21,509 22,906
Interest payable and other liabilities 24,250 25,562
Total liabilities 3,265,928 3,364,841
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 - 16,089,454 and 16,158,413 at December 31, 2024 and 2023, respectively 215,511 217,498
Retained earnings 249,964 274,570
Accumulated other comprehensive loss, net of tax (30,068) (53,006)
Total stockholders' equity 435,407 439,062
Total liabilities and stockholders' equity $ 3,701,335 $ 3,803,903