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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 3,945 $ 6,564
Interest-bearing balances with banks 451,572 391,665
Total cash and cash equivalents 455,517 398,229
Investment securities available-for-sale 361,254 345,275
Equity securities 41,261 41,086
Loans held-for-sale 0 629
Loans receivable 2,206,793 2,317,594
Allowance for credit losses (22,084) (22,124)
Loans receivable, net 2,184,709 2,295,470
Premises and equipment, net 19,540 20,928
Bank-owned life insurance 44,856 44,287
Equity method investments 75,835 75,754
Accrued interest receivable and other assets 105,032 92,224
TOTAL ASSETS 3,288,004 3,313,882
Deposits:    
Noninterest-bearing 983,809 1,197,272
Interest-bearing 1,899,043 1,704,204
Total deposits 2,882,852 2,901,476
Accrued interest payable and other liabilities 32,460 37,917
Repurchase agreements 2,366 4,821
Subordinated debt 73,663 73,540
Senior term loan 0 6,786
Total liabilities 2,991,341 3,024,540
STOCKHOLDERS’ EQUITY    
Common stock - par value $1; 40,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 13,775,978 and 12,927,962 shares issued and outstanding, respectively, as of June 30, 2024 and 13,606,399 and 12,758,383 shares issued and outstanding, respectively, as of December 31, 2023 13,776 13,606
Additional paid-in capital 162,880 160,488
Retained earnings 165,096 160,862
Accumulated other comprehensive loss (28,386) (28,831)
Treasury stock - 848,016 shares as of June 30, 2024 and December 31, 2023, at cost (16,741) (16,741)
Total equity attributable to parent 296,625 289,384
Noncontrolling interest 38 (42)
Total stockholders' equity 296,663 289,342
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,288,004 $ 3,313,882