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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 241,775 $ 261,595
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 8,323 8,092
Equity securities 5,000 5,000
Loans held for sale, at fair value 3,187 1,849
Loans and leases, net of allowance of $19,285 and $16,865, respectively 1,687,695 1,694,133
FHLB and FRB stock 9,830 8,482
Premises and equipment, net 3,571 3,812
Operating lease right-of-use assets 4,858 5,221
Bank owned life insurance 26,683 26,266
Accrued interest receivable and other assets 49,612 44,065
Total assets 2,040,634 2,058,615
Deposits    
Noninterest bearing 217,771 235,916
Interest bearing 1,478,705 1,508,141
Total deposits 1,696,476 1,744,057
FHLB advances and other debt 137,163 109,995
Advances by borrowers for taxes and insurance 154 2,179
Operating lease liabilities 4,949 5,302
Accrued interest payable and other liabilities 27,322 26,747
Subordinated debentures 14,980 14,961
Total liabilities 1,881,044 1,903,241
Commitments and contingent liabilities
Stockholders' equity    
Series D preferred stock, $0.01 par value; 5,000 shares authorized; 2,160 shares issued at June 30, 2024 and 0 shares issued at December 31, 2023
Additional paid-in capital 91,586 91,068
Retained earnings 80,509 76,517
Accumulated other comprehensive loss (2,237) (2,290)
Treasury stock, at cost; 397,856 shares of voting common stock at June 30, 2024 and 381,098 shares of voting common stock at December 31, 2023 (10,336) (9,991)
Total stockholders' equity 159,590 155,374
Total liabilities and stockholders' equity 2,040,634 2,058,615
Common Stock [Member]    
Stockholders' equity    
Common stock 55 57
Non-Voting Common Stock [Member]    
Stockholders' equity    
Common stock $ 13 $ 13