v3.25.2
CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 98,248 $ 62,379
Interest-bearing deposits in other banks (including restricted cash) 15,567 152,584
Total cash, cash equivalents and restricted cash 113,815 214,963
Investments:    
Trading securities 5,326 5,243
Available-for-sale securities, at fair value (amortized cost of $917,064 and $673,003, respectively) 860,217 593,749
Held-to-maturity securities, at amortized cost (fair value of $471,195 and $470,824, respectively) 509,298 517,778
Other investments 26,879 22,514
Total investments 1,401,720 1,139,284
Loans held for sale, at fair value (book value of $22,361 and $10,923, respectively) 22,567 11,049
Loans 4,931,369 4,115,259
Less: allowance for credit losses on loans (53,022) (35,728)
Net loans 4,878,347 4,079,531
Goodwill 151,505 94,697
Core deposit intangible assets 45,526 415
Bank-owned life insurance 110,342 104,308
Premises and equipment, net 53,413 37,052
Deferred tax assets 57,340 40,037
Other assets 85,469 83,802
Total assets 6,920,044 5,805,138
Deposits:    
Non-interest checking 1,118,080 925,571
Interest checking 1,663,335 1,483,589
Savings and money market 1,823,275 1,511,589
Certificates of deposit 698,185 532,424
Brokered deposits 211,837 179,994
Total deposits 5,514,712 4,633,167
Short-term borrowings 599,367 500,621
Junior subordinated debentures 61,365 44,331
Accrued interest and other liabilities 92,452 95,788
Total liabilities 6,267,896 5,273,907
Commitments and Contingencies (Note 9)
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 16,919,689 and 14,579,339 on June 30, 2025 and December 31, 2024, respectively 214,365 116,425
Retained earnings 515,662 509,452
Accumulated other comprehensive loss (77,879) (94,646)
Total shareholders’ equity 652,148 531,231
Total liabilities and shareholders’ equity $ 6,920,044 $ 5,805,138