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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 8,108 $ 5,290
Interest-bearing balances with banks 578,992 34,990
Total cash and cash equivalents 587,100 40,280
Investment securities available-for-sale 311,537 379,814
Equity securities 40,835 38,744
Loans held-for-sale 7,603 23,126
Loans receivable 2,270,433 2,372,645
Allowance for credit losses (24,276) (23,837)
Loans receivable, net 2,246,157 2,348,808
Premises and equipment, net 21,468 23,630
Bank-owned life insurance 44,109 43,239
Equity method investments 76,967 76,223
Accrued interest receivable and other assets 98,969 87,833
Assets from discontinued operations 0 4,315
Goodwill 2,838 2,838
TOTAL ASSETS 3,437,583 3,068,850
Deposits:    
Noninterest-bearing 1,093,903 1,231,544
Interest-bearing 1,944,986 1,338,938
Total deposits 3,038,889 2,570,482
Accrued interest payable and other liabilities 40,872 36,112
Repurchase agreements 4,502 10,037
FHLB and other borrowings 0 102,333
Subordinated debt 73,478 73,286
Senior term loan 8,473 9,765
Liabilities from discontinued operations 0 5,444
Total liabilities 3,166,214 2,807,459
STOCKHOLDERS’ EQUITY    
Common stock - par value $1; 40,000,000 and 20,000,000 shares authorized as of September 30, 2023 and December 31, 2022, respectively; 13,574,239 and 12,726,223 shares issued and outstanding, respectively, as of September 30, 2023 and 13,466,281 and 12,618,265 shares issued and outstanding, respectively, as of December 31, 2022 13,574 13,466
Additional paid-in capital 159,717 157,152
Retained earnings 155,117 144,911
Accumulated other comprehensive loss (40,251) (37,704)
Treasury stock - 848,016 shares as of September 30, 2023 and December 31, 2022, at cost (16,741) (16,741)
Total equity attributable to parent 271,416 261,084
Noncontrolling interest (47) 307
Total stockholders' equity 271,369 261,391
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,437,583 $ 3,068,850