v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 45,184 $ 19,486
Interest earning deposits with banks 365,673 228,955
Restricted cash 34,204 42,160
Cash and cash equivalents 445,061 290,601
Securities    
Debt securities available for sale, at fair value 1,027,676 1,057,621
Debt securities held to maturity, at amortized cost (estimated fair value of $209,546 and $217,609 at June 30, 2023 and December 31, 2022, respectively) 234,369 242,101
Trading securities 298 0
Equity securities with readily determinable fair value not held for trading 2,500 11,383
Federal Reserve Bank and Federal Home Loan Bank stock 50,460 55,575
Securities 1,315,303 1,366,680
Mortgage loans held for sale, at fair value 49,942 62,438
Loans held for investment, gross 7,167,016 6,857,194
Less: Allowance for credit losses 105,956 83,500
Loans held for investment, net 7,061,060 6,773,694
Bank owned life insurance 231,253 228,412
Premises and equipment, net 43,714 41,772
Deferred tax assets, net 56,779 48,703
Operating lease right-of-use assets 116,161 139,987
Goodwill 20,525 19,506
Accrued interest receivable and other assets 179,728 156,011
Total assets 9,519,526 9,127,804
Deposits    
Noninterest bearing 1,293,522 1,367,664
Interest bearing 2,773,120 2,300,469
Savings and money market 1,431,375 1,647,811
Time 2,081,554 1,728,255
Total deposits 7,579,571 7,044,199
Advances from the Federal Home Loan Bank 770,000 906,486
Senior notes 59,368 59,210
Subordinated notes 29,369 29,284
Junior subordinated debentures held by trust subsidiaries 64,178 64,178
Operating lease liabilities 119,921 140,147
Accounts payable, accrued liabilities and other liabilities 176,163 178,574
Total liabilities 8,798,570 8,422,078
Contingencies (Note 16)
Stockholders’ equity    
Class A common stock, $0.10 par value, 250 million shares authorized; 33,736,159 shares issued and outstanding at June 30, 2023 (33,815,161 shares issued and outstanding at December 31, 2022) 3,374 3,382
Additional paid in capital 195,275 194,694
Retained earnings 611,829 590,375
Accumulated other comprehensive loss (86,926) (80,635)
Total stockholders' equity before noncontrolling interest 723,552 707,816
Noncontrolling interest (2,596) (2,090)
Total stockholders' equity 720,956 705,726
Total liabilities and stockholders' equity $ 9,519,526 $ 9,127,804

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