v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 12,353 $ 9,770
Interest-bearing deposits in other financial institutions 219,961 226,271
Total cash and cash equivalents 232,314 236,041
Held-to-maturity debt securities, net of allowance for credit losses of $71 and $71 (fair value of $93,979 and $68,161), respectively 99,825 75,724
Correspondent bank stock, at cost 11,254 5,864
Mortgage loans held for sale, at fair value 24,151 25,455
Loans held at fair value 0 251
Total 2,540,096 2,425,565
Allowance for credit losses (18,994) (18,330)
Total, net 2,521,102 2,407,235
Premises and equipment, net 24,488 24,129
Accrued interest receivable 10,783 10,364
Accounts receivable 4,435 4,763
Other receivables 4,915 5,710
Other real estate owned, net 4,385 35,929
Goodwill and other intangible assets, net 31,524 31,627
Deferred tax assets, net 2,809 3,079
Company-owned life insurance 17,184 16,961
Other assets 37,628 35,905
Total assets 3,026,797 2,919,037
Deposits:    
Noninterest-bearing 361,656 375,603
Interest-bearing 2,167,473 2,138,606
Total deposits 2,529,129 2,514,209
Borrowings:    
Federal Home Loan Bank and Federal Reserve borrowings 163,416 57,038
Subordinated notes 44,673 52,565
Accrued interest payable 1,406 1,995
Other liabilities 29,326 40,908
Total liabilities 2,767,950 2,666,715
Shareholders' Equity    
Preferred stock - no par value; 10,000,000 shares authorized; 0 issued and outstanding 0 0
Common stock - no par value; 90,000,000 shares authorized; 9,717,922 and 9,667,142 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0 0
Additional paid-in capital 193,398 193,585
Retained earnings 66,203 59,515
Accumulated other comprehensive loss (754) (778)
Total shareholders’ equity 258,847 252,322
Total liabilities and shareholders’ equity $ 3,026,797 $ 2,919,037