v3.25.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 39,197,000 $ 47,234,000
Interest earning deposits with banks 519,853,000 242,709,000
Restricted cash 24,365,000 25,849,000
Other short-term investments 6,944,000 6,080,000
Cash and cash equivalents 590,359,000 321,872,000
Securities    
Debt securities available for sale 1,437,170,000 1,217,502,000
Debt securities held to maturity, at amortized cost (estimated fair value of $204,945 in 2023) 0 226,645,000
Equity securities with readily determinable fair value not held for trading 2,477,000 2,534,000
Federal Reserve Bank and Federal Home Loan Bank stock 58,278,000 50,294,000
Securities 1,497,925,000 1,496,975,000
Loans held for sale, at lower of cost or fair value 0 365,219,000
Mortgage loans held for sale, at fair value 42,911,000 26,200,000
Loans held for investment, gross 7,228,411,000 6,873,493,000
Less: allowance for credit losses 84,963,000 95,504,000
Loans held for investment, net 7,143,448,000 6,777,989,000
Bank owned life insurance 243,547,000 234,972,000
Premises and equipment, net 31,814,000 43,603,000
Deferred tax assets, net 53,543,000 55,635,000
Operating lease right-of-use assets 100,028,000 118,484,000
Goodwill 19,193,000 19,193,000
Accrued interest receivable and other assets 178,966,000 256,185,000
Total assets 9,901,734,000 9,716,327,000
Deposits    
Noninterest bearing 1,504,755,000 1,426,919,000
Interest bearing 2,229,467,000 2,560,629,000
Savings and money market 1,885,928,000 1,610,218,000
Time 2,234,445,000 2,297,097,000
Total deposits 7,854,595,000 7,894,863,000
Advances from the Federal Home Loan Bank 745,000,000 645,000,000
Senior notes 59,843,000 59,526,000
Subordinated notes 29,624,000 29,454,000
Junior subordinated debentures held by trust subsidiaries 64,178,000 64,178,000
Operating lease liabilities 106,071,000 123,167,000
Accounts payable, accrued liabilities and other liabilities 151,956,000 164,071,000
Total liabilities 9,011,267,000 8,980,259,000
Commitments and contingencies (Note 19)
Stockholders’ equity    
Class A common stock, $0.10 par value, 250 million shares authorized; 42,127,316 shares issued and outstanding (2023- 33,603,242 shares issued and outstanding) 4,214,000 3,361,000
Additional paid in capital 343,828,000 192,701,000
Retained earnings 582,231,000 610,802,000
Accumulated other comprehensive loss (39,806,000) (70,796,000)
Total stockholders' equity 890,467,000 736,068,000
Total liabilities and stockholders' equity $ 9,901,734,000 $ 9,716,327,000

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