v3.25.2
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 74,354 $ 56,984
Interest bearing deposits 71,805 62,898
Cash and Cash Equivalents 146,159 119,882
Securities available for sale 509,511 559,182
Securities held to maturity (fair value of $293,658 at June 30, 2025 and $301,860 at December 31, 2024 ) 329,302 339,436
Federal Home Loan Bank and Federal Reserve Bank stock, at cost 18,102 16,099
Loans held for sale, carried at fair value 12,492 7,643
Loans    
Financing receivable, before allowance for credit loss 4,164,367 4,038,825
Allowance for credit losses (61,157) (59,379)
Net Loans 4,103,210 3,979,446
Other real estate and repossessed assets, net 426 938
Property and equipment, net 38,409 37,492
Bank-owned life insurance 53,587 53,855
Capitalized mortgage loan servicing rights, carried at fair value 32,053 46,796
Other intangibles, net 1,244 1,488
Goodwill 28,300 28,300
Accrued income and other assets 145,724 147,547
Total Assets 5,418,519 5,338,104
Deposits    
Non-interest bearing 1,007,976 1,013,647
Savings and interest-bearing checking 1,989,941 1,995,314
Reciprocal 911,814 907,031
Time 627,986 628,285
Brokered time 121,642 109,811
Total Deposits 4,659,359 4,654,088
Other borrowings 102,008 45,009
Subordinated debt 39,624 39,586
Subordinated debentures 39,830 39,796
Accrued expenses and other liabilities 108,448 104,939
Total Liabilities 4,949,269 4,883,418
Commitments and contingent liabilities
Shareholders’ Equity    
Preferred stock, no par value, 200,000 shares authorized; none issued or outstanding 0 0
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 20,715,650 shares at June 30, 2025 and 20,895,714 shares at December 31, 2024 311,653 318,777
Retained earnings 227,484 205,853
Accumulated other comprehensive loss (69,887) (69,944)
Total Shareholders’ Equity 469,250 454,686
Total Liabilities and Shareholders’ Equity 5,418,519 5,338,104
Commercial    
Loans    
Financing receivable, before allowance for credit loss 2,068,081 1,937,364
Allowance for credit losses (25,890) (22,872)
Mortgage    
Loans    
Financing receivable, before allowance for credit loss 1,528,360 1,516,726
Allowance for credit losses (20,752) (22,317)
Installment    
Loans    
Financing receivable, before allowance for credit loss 567,926 584,735
Allowance for credit losses $ (3,015) $ (3,040)