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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 236,892 $ 261,595
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 7,597 8,092
Equity securities 5,000 5,000
Loans held for sale, at fair value 2,241 1,849
Loans and leases, net of allowance of $18,198 and $16,865, respectively 1,695,731 1,694,133
FHLB and FRB stock 8,491 8,482
Premises and equipment, net 3,685 3,812
Operating lease right-of-use assets 5,041 5,221
Bank owned life insurance 26,470 26,266
Accrued interest receivable and other assets 48,225 44,065
Total assets 2,039,473 2,058,615
Deposits    
Noninterest bearing 236,841 235,916
Interest bearing 1,486,229 1,508,141
Total deposits 1,723,070 1,744,057
FHLB advances and other debt 111,004 109,995
Advances by borrowers for taxes and insurance 1,093 2,179
Operating lease liabilities 5,127 5,302
Accrued interest payable and other liabilities 26,209 26,747
Subordinated debentures 14,971 14,961
Total liabilities 1,881,474 1,903,241
Commitments and contingent liabilities
Stockholders' equity    
Series D preferred stock, $0.01 par value; 5,000 shares authorized; 2,000 shares issued at March 31, 2024 and 0 shares issued at December 31, 2023
Additional paid-in capital 91,303 91,068
Retained earnings 79,201 76,517
Accumulated other comprehensive loss (2,281) (2,290)
Treasury stock, at cost; 395,611 shares of voting common stock at March 31, 2024 and 381,098 shares of voting common stock at December 31, 2023 (10,292) (9,991)
Total stockholders' equity 157,999 155,374
Total liabilities and stockholders' equity 2,039,473 2,058,615
Common Stock [Member]    
Stockholders' equity    
Common stock 55 57
Non-Voting Common Stock [Member]    
Stockholders' equity    
Common stock $ 13 $ 13