v3.24.2.u1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 32,762 $ 47,234
Interest earning deposits with banks 238,346 242,709
Restricted cash 32,430 25,849
Other short-term investments 6,781 6,080
Cash and cash equivalents 310,319 321,872
Securities    
Debt securities available for sale, at fair value 1,269,356 1,217,502
Debt securities held to maturity, at amortized cost (estimated fair value of $192,403 and $204,945 at June 30, 2024 and December 31, 2023, respectively) 219,613 226,645
Equity securities with readily determinable fair value not held for trading 2,483 2,534
Federal Reserve Bank and Federal Home Loan Bank stock 56,412 50,294
Securities 1,547,864 1,496,975
Loans held for sale, at lower of cost or fair value 551,828 365,219
Mortgage loans held for sale, at fair value 60,122 26,200
Loans held for investment, gross 6,710,961 6,873,493
Less: Allowance for credit losses 94,400 95,504
Loans held for investment, net 6,616,561 6,777,989
Bank owned life insurance 238,851 234,972
Premises and equipment, net 33,382 43,603
Deferred tax assets, net 48,779 55,635
Operating lease right-of-use assets 100,580 118,484
Goodwill 19,193 19,193
Accrued interest receivable and other assets 220,259 256,185
Total assets 9,747,738 9,716,327
Deposits    
Noninterest bearing 1,465,140 1,426,919
Interest bearing 2,316,976 2,560,629
Savings and money market 1,723,233 1,610,218
Time 2,310,662 2,297,097
Total deposits 7,816,011 7,894,863
Advances from the Federal Home Loan Bank 765,000 645,000
Senior notes 59,685 59,526
Subordinated notes 29,539 29,454
Junior subordinated debentures held by trust subsidiaries 64,178 64,178
Operating lease liabilities 105,861 123,167
Accounts payable, accrued liabilities and other liabilities 173,122 164,071
Total liabilities 9,013,396 8,980,259
Contingencies (Note 11)
Stockholders’ equity    
Class A common stock, $0.10 par value, 250 million shares authorized; 33,562,756 shares issued and outstanding at June 30, 2024 (33,603,242 shares issued and outstanding at December 31, 2023) 3,357 3,361
Additional paid in capital 189,601 192,701
Retained earnings 620,299 610,802
Accumulated other comprehensive loss (78,915) (70,796)
Total stockholders' equity 734,342 736,068
Total liabilities and stockholders' equity $ 9,747,738 $ 9,716,327

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