v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 131,199 $ 173,533 [1]
Restricted cash 0 2,459 [1]
Federal funds sold 628 838 [1]
Securities available for sale, at fair value 327,958 312,035 [1]
Restricted equity investments 18,925 19,275 [1]
Other equity investments 4,641 4,834 [1]
Other investments 20,938 19,405 [1]
Loans held for sale 12,380 30,976 [1]
Loans held for investment, net of deferred fees and costs 1,978,585 2,111,797 [1]
Less: allowance for credit losses (21,974) (23,023) [1]
Loans held for investment, net 1,956,611 2,088,774 [1]
Accrued interest receivable 11,711 12,537 [1]
Premises and equipment, net 20,718 21,394 [1]
Right-of-use asset 7,270 7,962 [1]
Other intangible assets 3,230 3,859 [1]
Deferred tax asset, net 26,157 27,312 [1]
Other assets 13,073 12,067 [1]
Total assets 2,555,439 2,737,260 [1]
Deposits:    
Noninterest-bearing demand 432,939 452,690 [1]
Interest-bearing demand and money market 624,108 598,875 [1]
Savings 101,560 100,857 [1]
Time 851,659 1,027,020 [1]
Total deposits 2,010,266 2,179,442 [1]
FHLB borrowings 150,000 150,000 [1]
Subordinated notes, net 24,928 39,789 [1]
Lease liabilities 7,969 8,613 [1]
Other liabilities 18,011 31,628 [1]
Total liabilities 2,211,174 2,409,472 [1]
Commitments and contingencies (Note 7)
Stockholders’ Equity:    
Common stock, no par value; 150,000,000 shares authorized at June 30, 2025 and December 31, 2024, respectively; 92,174,530 and 84,972,610 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 334,634 322,791 [1]
Additional paid-in capital 29,687 29,687 [1]
Retained earnings 18,634 17,772 [1]
Accumulated other comprehensive loss, net of tax (38,690) (42,462) [1]
Total stockholders’ equity 344,265 327,788 [1]
Total liabilities and stockholders’ equity $ 2,555,439 $ 2,737,260 [1]
[1] Derived from audited December 31, 2024 Consolidated Financial Statements.