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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 8,278 $ 5,290
Interest-bearing balances with banks 447,557 34,990
Total cash and cash equivalents 455,835 40,280
Investment securities available-for-sale 329,137 379,814
Equity securities 41,082 38,744
Loans held-for-sale 7,009 23,126
Loans receivable 2,312,387 2,372,645
Allowance for credit losses (30,294) (23,837)
Loans receivable, net 2,282,093 2,348,808
Premises and equipment, net 22,407 23,630
Bank-owned life insurance 43,746 43,239
Equity method investments 76,413 76,223
Accrued interest receivable and other assets 91,287 87,833
Assets from discontinued operations 0 4,315
Goodwill 2,838 2,838
TOTAL ASSETS 3,351,847 3,068,850
Deposits:    
Noninterest-bearing 987,555 1,231,544
Interest-bearing 1,971,384 1,338,938
Total deposits 2,958,939 2,570,482
Accrued interest payable and other liabilities 31,564 36,112
Repurchase agreements 4,798 10,037
FHLB and other borrowings 0 102,333
Subordinated debt 73,414 73,286
Senior term loan 8,835 9,765
Liabilities from discontinued operations 0 5,444
Total liabilities 3,077,550 2,807,459
STOCKHOLDERS’ EQUITY    
Common stock - par value $1; 40,000,000 and 20,000,000 shares authorized as of June 30, 2023 and December 31, 2022, respectively; 13,567,839 and 12,719,823 shares issued and outstanding, respectively, as of June 30, 2023 and 13,466,281 and 12,618,265 shares issued and outstanding, respectively, as of December 31, 2022 13,568 13,466
Additional paid-in capital 158,572 157,152
Retained earnings 153,414 144,911
Accumulated other comprehensive loss (34,464) (37,704)
Treasury stock - 848,016 shares as of June 30, 2023 and December 31, 2022, at cost (16,741) (16,741)
Total equity attributable to parent 274,349 261,084
Noncontrolling interest (52) 307
Total stockholders' equity 274,297 261,391
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,351,847 $ 3,068,850