v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 40,197 $ 39,197
Interest earning deposits with banks 587,728 519,853
Restricted cash 13,432 24,365
Other short-term investments 7,010 6,944
Cash and cash equivalents 648,367 590,359
Securities    
Debt securities available for sale 1,702,111 1,437,170
Equity securities with readily determinable fair value not held for trading 2,523 2,477
Federal Reserve Bank and Federal Home Loan Bank stock 57,044 58,278
Securities 1,761,678 1,497,925
Loans held for sale, at lower of cost or fair value 40,597 0
Mortgage loans held for sale, at fair value 20,728 42,911
Loans held for investment, gross 7,157,837 7,228,411
Less: allowance for credit losses 98,266 84,963
Loans held for investment, net 7,059,571 7,143,448
Bank owned life insurance 252,997 243,547
Premises and equipment, net 31,803 31,814
Deferred tax assets, net 53,448 53,543
Operating lease right-of-use assets 104,578 100,028
Goodwill 19,193 19,193
Accrued interest receivable and other assets 176,728 178,966
Total assets 10,169,688 9,901,734
Deposits    
Noninterest bearing 1,665,468 1,504,755
Interest bearing 2,260,157 2,229,467
Savings and money market 2,067,430 1,885,928
Time 2,161,923 2,234,445
Total deposits 8,154,978 7,854,595
Advances from the Federal Home Loan Bank 715,000 745,000
Senior notes 59,922 59,843
Subordinated notes 29,667 29,624
Junior subordinated debentures held by trust subsidiaries 64,178 64,178
Operating lease liabilities 110,999 106,071
Accounts payable, accrued liabilities and other liabilities 128,681 151,956
Total liabilities 9,263,425 9,011,267
Commitments and Contingencies (Note 11)
Stockholders’ equity    
Class A common stock, $0.10 par value, 250 million shares authorized; 41,952,590 shares issued and outstanding at March 31, 2025 (42,127,316 shares issued and outstanding at December 31, 2024) 4,195 4,214
Additional paid in capital 339,038 343,828
Retained earnings 590,304 582,231
Accumulated other comprehensive loss (27,274) (39,806)
Total stockholders' equity 906,263 890,467
Total liabilities and stockholders' equity $ 10,169,688 $ 9,901,734

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