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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 7,476 $ 5,290
Interest-bearing balances with banks 567,789 34,990
Total cash and cash equivalents 575,265 40,280
Investment securities available-for-sale 339,578 379,814
Equity securities 38,576 38,744
Loans held-for-sale 19,893 23,126
Loans receivable 2,361,153 2,372,645
Allowance for credit losses (35,513) (23,837)
Loans receivable, net 2,325,640 2,348,808
Premises and equipment, net 22,869 23,630
Bank-owned life insurance 43,499 43,239
Equity method investments 75,149 76,223
Accrued interest receivable and other assets 108,569 87,833
Assets from discontinued operations 0 4,315
Goodwill 2,838 2,838
TOTAL ASSETS 3,551,876 3,068,850
Deposits:    
Noninterest-bearing 1,134,257 1,231,544
Interest-bearing 2,016,558 1,338,938
Total deposits 3,150,815 2,570,482
Accrued interest payable and other liabilities 41,329 36,112
Repurchase agreements 5,419 10,037
FHLB and other borrowings 0 102,333
Subordinated debt 73,350 73,286
Senior term loan 9,647 9,765
Liabilities from discontinued operations 0 5,444
Total liabilities 3,280,560 2,807,459
STOCKHOLDERS’ EQUITY    
Common stock - par value $1; 20,000,000 shares authorized; 13,501,197 and 12,653,181 shares issued and outstanding, respectively, as of March 31, 2023 and 13,466,281 and 12,618,265 shares issued and outstanding, respectively, as of December 31, 2022 13,501 13,466
Additional paid-in capital 157,844 157,152
Retained earnings 147,465 144,911
Accumulated other comprehensive loss (30,938) (37,704)
Treasury stock - 848,016 shares as of March 31, 2023 and December 31, 2022, at cost (16,741) (16,741)
Total equity attributable to parent 271,131 261,084
Noncontrolling interest 185 307
Total stockholders' equity 271,316 261,391
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,551,876 $ 3,068,850